Rihanna Is Now America's Youngest Self-Made Billionaire
The nine-time Grammy Award winner is ranked by Forbes.
The 34-year-old singer and Fenty Beauty CEO is the youngest billionaire on Forbes' list of "America's Richest Self-Made Women 2022." https://t.co/dT0FNu4pTr— HuffPost (@HuffPost) July 6, 2022
The Barbados-native can thank her Fenty Beauty line for most of her earnings, a company she co-owns with French luxury brand LVMH. According to Forbes the company generated more than $550 million in 2020. According to BET her lingerie line, Savage x Fenty, hit $1 billion in value in 2021.
Kim Kardashian previously held the moniker at 41, and Kardashian’s sister Kylie Jenner mistakenly held the title of world’s youngest self-made billionaire in 2019. It was determined after that Jenner's net worth was a few hundred million, and Forbes received backlash for adding “self-made” to her ranking.
According to the report by Forbes, Rihanna now has a net worth of $1.4 billion. She placed 21st on the annual ranking and has received recognition for being youngest one on the list at 34 years old. Forbes has placed her on the list three years in a row.