With a net worth of $1.4 billion, Rihanna is the youngest self-made billionaire woman in the United States. She amassed her riches through her own work alone.
The singer is now the twenty-first wealthiest self-made woman in the United States, according to Forbes’ annual list for 2022. Rihanna is the only female billionaire on this list who is younger than 40 years old. She is a musician that has been awarded nine Grammys.
The annual list compiled by Forbes was made public last month. The Barbados-born musician dethroned Kim Kardashian to become the United States youngest self-made millionaire.
Between October 2020 and April 2021, Kardashian’s net worth increased from $780 million to $1 billion, earning her the title. At the time, she had been awarded the championship the year prior.
How did Rihanna obtain a spot on the list?
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By the 1st of July 2022, when she will be 34 years old, Rihanna will be the youngest self-made female billionaire in the United States of America. In addition to his success as a musician, the Umbrella singer has also achieved success as an entrepreneur.
In the past three years, her brand, Fenty Beauty, has experienced a stratospheric surge in its level of success. Rude Boy, a musician, has significant assets in three different retail businesses.
These businesses are called Fenty Beauty, Fenty Skin, and Savage X Fenty. In 2020, Rihanna’s cosmetics brand earned more than $550 million, according to Forbes, which was referenced in an article about the singer’s profits.
In February of 2021, it was projected that her lingerie line, Savage X Fenty, was worth one billion dollars.
Also, In addition to becoming the wealthiest female artist and the youngest self-made female billionaire in the United States as of today, she is also the first self-made female billionaire in Barbados.
Kylie Jenner, with a net worth of $600 million, is the next self-made lady on the list after Rihanna, followed by Taylor Swift, with a net worth of $570 million, Beyonce, with a net worth of $450 million, and Kim Kardashian, with a net worth of $1.8 billion.
Could the success of Rihanna’s Fenty Beauty line contribute to her becoming a billionaire?
In spite of the fact that there is no doubt that Fenty Beauty has become the cosmetics brand of choice in recent years, she and LVMH, a French luxury goods conglomerate, share ownership of the company.
Forbes estimated that Fenty Beauty was valued at close to $2.8 billion due to the regular release of new products each season.
In addition, she holds a thirty percent ownership stake in Savage X Fenty, which is yet another highly lucrative economic venture for the celebrity. There were successful businesses and unsuccessful businesses.
In February, Rihanna and LVMH were forced to close their luxury fashion and accessories company. The corporation was also known by the name Fenty, under which it operated. Despite being released in 2019, the brand suffered a substantial amount of damage from the outbreak.
According to Bloomberg, the singer was working with consultants earlier this year to take her company Savage X Fenty public with a possible $3 billion initial public offering. This would have been done so that the company could raise funds.
Pop superstar Rihanna’s singing career stayed consistent until 2016 when she began releasing albums virtually annually. In 2016, Anti, her most recent album, was released. She has stated numerous times that she intends to put her fortune to beneficial use. Once, she remarked
Motivating me to work diligently and save money is the thought that I can assist another person. The outside world has a way of encouraging people to prioritize the wrong things, which can cause them to lose sight of what is truly important and what it means to be alive.
The singer, who has more than 133 million Instagram followers, just gave birth to her first child with her boyfriend, A$AP Rocky.
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