Rihanna becomes Forbes’ youngest self-made billionaire woman
Rihanna is now officially the youngest self-made billionaire, according to Forbes.
For its annual checklist of the country’s richest self-produced females, which debuted in June, Forbes named the Fenty Natural beauty founder the youngest self-manufactured billionaire girl, a title earlier supplied to actuality star and businesswoman Kylie Jenner.
Jenner, then 21, was named the youngest-at any time self-built billionaire in 2019 — surpassing Facebook founder Mark Zuckerberg, who received the title at 23 — but Forbes later revoked that title, releasing an report saying that the actuality star and magnificence business enterprise owner’s billionaire position and fiscal documents, on which her title relied, had been skewed.
At the time, Jenner and her law firm claimed Forbes’ retraction was poor and the outlet’s statements about Jenner’s funds — as perfectly as people of her organization, Kylie Cosmetics — were false.
Forbes stood by its reporting, telling E! News in May perhaps 2020 that its “thoroughly-claimed investigation was induced by newly-submitted files that revealed evident discrepancies among information privately provided to journalists and data publicly provided to shareholders.”
“Our reporters spotted the inaccuracies and spent months uncovering the information,” the outlet stated.
With a net worth of $1.4 billion, in accordance to Forbes, Rihanna has now been elevated by means of her songs — which features Billboard chart-topping like “Umbrella, “Disturbia” and “Impolite Boy” — and quite a few entrepreneurial ventures to the top location amid gals.
The 34-yr-old entertainer is the CEO and co-proprietor, along with luxurious goods conglomerate LVMH, of her Fenty Splendor cosmetics line, which made main headlines in 2017 for creating over 40 basis shades to align with a broad variety of pores and skin tones. Nowadays, the manufacturer has 50 boundary-breaking shades and is typically praised for revolutionizing the beauty market and shedding light-weight on a longtime absence of inclusive and assorted merchandise between previously current brands.
The model also carries numerous other makeup items, which includes assertion-building lipsticks and lively highlighting powders.
Rihanna also owns a 30% stake in her Savage x Fenty lingerie line, which accrued $550 million in income in 2020, in accordance to Forbes. The enterprise also “lifted cash at a $1 billion valuation in February 2021” the outlet mentioned in June.
In addition, Rihanna is the mastermind powering Fenty Skin, which she released in 2020. Different from Fenty Attractiveness, the label entirely focuses on skincare essentials these kinds of as facial area cleansers, sunscreen, serum and a lot more.
The “Diamonds” singer also launched a Fenty vogue line in 2019 with mum or dad-company LVMH. Nevertheless, it was declared in 2021 that the two parties had mutually made the decision to end their partnership and shut down the company.
The singer claims she is philanthropically pushed as very well. In 2012, she began the Clara Lionel Basis, a nonprofit firm that claims it “supports and money local climate resilience and local weather justice initiatives in the U.S. and Caribbean,” in accordance to its web site.
“My money is not for me it is really generally the considered that I can aid an individual else,” Rihanna informed New York Times’ T Journal in a 2019 interview.
“The environment can seriously make you consider that the improper things are precedence, and it will make you really skip the core of existence, what it indicates to be alive.”
On prime of all her enterprise ventures, the 34-12 months-aged gave delivery to her to start with baby with boyfriend and rapper A$AP Rocky in May possibly. She introduced the being pregnant in late January.
In addition to Rihanna, Jenner’s sister Kim Kardashian, 41, sits at amount 16 on Forbes’ checklist of the country’s richest females, with a web truly worth of $1.8 billion. Twenty-four-calendar year-outdated Jenner manufactured this year’s record, much too: With a net truly worth of $600 million, the attractiveness mogul landed in the leading 50, at selection 41.
ABC News has arrived at out to Kylie Jenner for remark and will update this story with a reaction.