The 34-year-old singer and Fenty Beauty CEO Rihanna was named the youngest self-made billionaire woman in the U.S. Truly self-reliant, she has surpassed those so-called self-made billionaires who grew up in the lap of luxury, had playdates with fame, and knew struggle like they’ve known poverty. A queen in every right who didn’t grow up in palaces, she can certainly build one for herself today, thanks to her successful music career and entrepreneurial ventures. Rihanna’s $1.4 billion net worth places her in the 21st position overall, and she is the only billionaire under 40. The wealthiest female musician in the world has eight record-breaking Platinum albums in her kitty, but it’s the entrepreneur who’s got the moolah home.
No doubt, the Barbados Babe owes her billionaire status and net worth of $1.4 billion to Fenty Beauty, Fenty Skin, and Savage X Fenty. As per CNBC, Rihanna owned 30% of the Savage X Fenty lingerie and worked with advisors on an IPO that could potentially be valued at $3 billion. She also owns half of Fenty Beauty, which generated an impressive $550 million in 2020. The other half belongs to French luxury fashion conglomerate LVMH. Surprisingly, her ready-to-wear fashion line Fenty launched in 2019, closed its gates permanently two years later. However, the Savage X Fenty lingerie and cosmetics lines Fenty Beauty and Fenty Skin have continued to thrive. So much so that she has plans to open physical Savage x Fenty stores.
The pregnant nine-time Grammy Award winner once told The New York Times’ T Magazine she wants to give money away to causes that matter, “My money is not for me; it’s always the thought that I can help someone else,” she said. “The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.” Other than RiRi, the one woman who bagged the title of being America’s youngest self-made billionaire was makeup mogul Kylie Jenner.
Kylie Jenner, twice crowned and dethroned self-made billionaire:
The fact that she was self-made was widely debated. The popular reality TV show ‘Keeping Up with the Kardashians’ catapulted her to fame even before she could spell the word cosmetics. The fact that she was a billionaire was also discussed. After crowning Kylie Jenner twice as the planet’s youngest self-made billionaire, Forbes dethroned Kris Jenner’s youngest daughter. Also, the esteemed American business magazine openly called her a liar who spun a web of lies to overvalue her net worth and embellished her wealth in the tax documents she provided. Today the Kylie Cosmetics founder features at number 41 on Forbes America’s Self-Made Women list with a net worth of $600 million and nearly 44% of the company in her kitty.