Recently, the 34-year-old singer and CEO of Fenty Beauty graced Forbes’ annual list of America’s Richest Self-Made Women for the third year in a row. He was ranked 21st overall and is the only billionaire on the list under the age of 40. Some of Rihanna’s $1.4 billion net worth comes from her successful music career. Most of it is from its three retail companies: Fenty Beauty, Fenty Skin and Savage X Fenty. In March, Bloomberg reported that Savage X Fenty Underwear was working with advisers on an IPO that could potentially be valued at $3 billion. Rihanna owns 30% of this company. It also owns half of Fenty Beauty, which brought in $550 million in revenue in 2020. The other half of the company is owned by French luxury fashion group LVMH. The numbers are impressive, but Rihanna has said her focus isn’t on accolades and accolades. In 2019, he told The New York Times’ T Magazine that because he never planned to make a fortune, hitting financial milestones “wouldn’t stop me from working.” The nine-time Grammy Award winner also said she wants to donate that money to cover this issue anyway. “My money is not about me; it’s always the thought that I can help someone else,” he said. “The world can really make you believe that the wrong things are a priority and it makes you really miss the core of life, what it means to be alive.” In 2012, Rihanna started a charity fund, the Clara Lionel Foundation (CLF). Its goal is to “support and fund cutting-edge education and climate resilience initiatives,” according to its website. One of her first initiatives, launched a year after the foundation was launched, raised $60 million for women and children affected by HIV/AIDS through sales of the singer’s lipstick line with MAC Cosmetics. And in January, CLF partnered with Twitter co-founder Jack Dorsey’s #SmartSmall initiative to donate a total of $15 million to 18 different climate justice groups. That money goes to organizations that are “centered and led by women, youth, black, indigenous, people of color and LGBTQIA+ communities” in the US and the Caribbean, according to the CLF website. “In the [CLF]much of the work is based on the understanding that climate disasters, which are increasing in frequency and intensity, do not affect all communities equally, with communities of color and island nations facing the brunt of climate change,” Rihanna said in a statement January. . The next youngest billionaire on the Forbes list is 41-year-old Kim Kardashian, who has a net worth of $1.8 billion. Kardashian and her sister Kylie Jenner — who, at 24, is the youngest non-billionaire on the list, with a net worth of $600 million — also have success in both entertainment and retail, including their respective makeup lines. Subscribe now: Get smarter about your money and your career with our weekly newsletter Dont miss: America’s richest self-made woman grew up on a dairy farm – now has a net worth of $11.6 billion Tory Burch wants to see more business leaders speak out about social issues: ‘I tend not to be able to shut up about issues around humanity’
title: “Rihanna Is Now America S Youngest Self Made Female Billionaire " ShowToc: true date: “2022-11-10” author: “Billy Hewitt”
The 34-year-old is now the youngest self-made female billionaire in the United States after amassing a net worth of $1.4 billion, according to Forbes’ 2022 list. Her impressive milestone comes more than three years after the outlet awarded the coveted title to Kylie Jenner, who is estimated to have a current net worth of $600 million. According to Forbes, Rihanna—as co-owner of Fenty Beauty and a 30% stake in the Savage x Fenty underwear line—is also Barbadian’s first self-made billionaire, as well as the only woman under 40 on this year’s list. of female billionaires in the US Her net worth may also go up soon. The singer, who recently welcomed her first child with A$AP Rocky, has teased that she has new music in the works. “I see my next project completely differently from the way I wanted to present it before. I think this way suits me better, much better,” he told Vogue. “It’s authentic, it’s going to be fun for me and it takes a lot of pressure off.”
