In the prestigious Forbes list, Rihanna is placed at the 21st position and is the only billionaire under 40 years old. The nine-time Grammy Award winner has built her fortune on her hugely successful singing career as well as her entrepreneurial ventures that have reached new heights over the past few years.
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For the uninitiated, Rihanna has stakes in no less than three retail companies, namely Fenty Beauty, Fenty Skin, and Savage X Fenty. According to Forbes, Rihanna’s Fent Beauty cosmetics line generated over $550 million in revenue in 2020. On the other hand, Savage x Fenty lingerie line was valued at $1 billion in February 2021.
In one of her previous interviews, Rihanna talked about her future plans saying that money has never been her priority and she would like to direct her wealth towards a good cause.
“My money is not for me, it’s always the thought that I can help someone else. The world can really make you believe that bad things take priority, and it really makes you miss the heart of life, what it means to be alive,” said Rihanna, who started a philanthropy fund called the Clara Lionel Foundation (CLF). The New York Times’ T-magazine back in 2019.
Sharing details about her charity, Rihanna said in a statement: “At the [CLF]much of the work is rooted in the understanding that climate-related disasters, increasing in frequency and intensity, do not impact all communities equally, with communities of color and island nations facing the brunt of change climatic.
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Meanwhile, the next youngest billionaire on the Forbes list after Rihanna is Kim Kardashian. The 41-year-old has a net worth of $1.8 billion.