Rihanna Is America’s Youngest Woman Self-Made Billionaire
America #America
The post Rihanna Is Youngest Woman Self-Made Billionaire appeared first on Consequence.
Rihanna was crowned as a billionaire for the first time last year as part of Forbes’ annual report of America’s Richest Self-Made Women. With this year’s ranking, the 34-year-old Barbados pop superstar and cosmetics mogul has now taken the mantle of the country’s youngest woman billionaire.
Per Forbes, the vast majority of Rihanna’s now $1.4 billion net worth is from her Fenty Beauty cosmetics brand, of which she owns 50% alongside French luxury retailer LVMH. 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 is also the world’s richest female musician.
The next youngest woman on this year’s report is Kim Kardashian, who has a $1.8 billion net worth at the age of 41. Speaking of the Kardashian-Jenner clan, Kylie Jenner once held the title of the world’s youngest self-made billionaire, but lost the distinction in May 2020 when Forbes dropped her net worth to $900 million after reviewing new financial data. Jenner is now listed at $600 million.
In December 2020, founder of the automotive sensor firm Luminar Technologies Austin Russell became the world’s youngest self-made billionaire at the age of 25. He is now 27 years old and was valued at $1.6 billion in April. Meanwhile, Ryan Breslow, follow American and co-founder of the payment startup Bolt, currently has an estimated worth of $2 billion at 28.
Rihanna gave birth to a baby boy with her partner A$AP Rocky in May, just two weeks after she made a rare appearance in his “D.M.B.” video. Back in January, Rihanna put her wealth to good use by donating $15 million to organizations fighting climate change.
On the music front, Rihanna’s last album was 2016’s Anti. She previously announced a reggae project that was supposed to be released in 2019, but it never materialized.
Story continues
Rihanna Is Youngest Woman Self-Made BillionaireEddie Fu
Popular Posts
Subscribe to Consequence’s email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.