Rihanna Declared Youngest Self-Made Billionaire

Forbes has recently released its 2022 list of America’s Richest Self-Made Women,” where the publication company ranks the nation’s most financially successful women executives, entrepreneurs, and entertainers. No. 1 on the list is the 34- year-old singer/songwriter, makeup, and lingerie entrepreneur, Rihanna, the youngest on the entire list to have a net worth of more than one billion dollars. According to Forbes, her $1.4 billion comes primarily from the success of her cosmetic line, Fenty Beauty. The site also mentions, “She also has a 30% stake in the Savage x Fenty lingerie line, which raised money at a $1 billion valuation in February 2021,”

Rihanna owns 30 percent of Savage x Fenty and 50 percent of Fenty Beauty, which made $550 million in revenue in 2020 alone. According to CNBC, the other 50 percent of the company is owned by French luxury conglomerate LVMH.

During an interview with the billionaire in 2019 with The New York Times Magazine, Rihanna stated that she never planned on making a fortune. She mentioned that “reaching this financial milestone was not going to stop me from working.” Showing that the singer is not driven by the revenue she will acquire but that she will be able to continue doing what she loves to do.

In 2018, Kylie Jenner was crowned the youngest self-made billionaire at 24. However, the outlet took away the title after investigating her net worth, which currently sits at $600 million. In an article that came later that year, Forbes claimed that Kylie had lied about her earrings for the year and alleged that she backed up the numbers with falsified tax returns.  

As for Rihanna, she not only gets to add the youngest self-made billionaire to her list of accomplishments, but she also gets to add “mother” to it. Earlier this year, the superstar gave birth to her first child with rapper A$AP Rocky in May. The singer gave birth to her son in Los Angeles with A$AP by her side the entire time.

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