Rihanna has beaten Kim Kardashian for the title of youngest self-made billionaire woman.
Driving the news: The “Diamonds” singer “made Forbes’ annual list of America’s richest self-made women for the third year in a row and ranks an impressive 21st overall,” Glamor reports.
- While Kardashian, 41, has a higher net worth, Rihanna took the place of the youngest self-made billionaire woman at just 34, with a net worth of $1.4 billion.
- Rihanna is the only woman under 40 on the list.
What they say : According to CNBC, Rihanna’s massive net worth comes mostly from her three retail companies — Fenty Beauty, Fenty Skin, and Savage X Fenty — rather than her music career.
- The singer owns 50% of cosmetics line Fenty Beauty, which generated a whopping $550 million in revenue in 2020, per Glamour.
- Rihanna also owns a 30% stake in lingerie company Savage X Fenty, which would be valued at $1 billion in February 2021, according to Newsweek.
- Although the Barbados-born celebrity has achieved huge financial success, she says her wealth has not diminished her drive. “I never thought I would make this much money, so one number won’t keep me from working,” Rihanna said in 2019, per Fox Business.
- Rihanna also said she wants to use her money for a good cause. “My money is not for me; it’s always the thought that I can help someone else,” she said, according to CNBC. “The world can really make you believe that bad things take precedence, and it really makes you miss the core of life, what it means to be alive.”
Details: Rihanna gave birth to her first child, a baby boy, on May 13 with partner and rapper A$AP Rocky, per Billboard.
- According to Vogue, Rihanna’s full name is Robyn Rihanna Fenty. She used her last name as the name of her three businesses.