Rihanna becomes Forbes’ youngest self-made billionaire woman
Rihanna is now officially the youngest self-created billionaire, according to Forbes.
For its yearly listing of the country’s richest self-made women of all ages, which debuted in June, Forbes named the Fenty Splendor founder the youngest self-manufactured billionaire female, a title formerly given to truth 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 gained the title at 23 — but Forbes later revoked that title, releasing an posting professing that the truth star and attractiveness business enterprise owner’s billionaire standing and fiscal documents, on which her title relied, experienced 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 very well as those people of her firm, Kylie Cosmetics — were being phony.
Forbes stood by its reporting, telling E! News in May perhaps 2020 that its “thoroughly-claimed investigation was brought on by recently-submitted files that revealed evident discrepancies amongst data privately equipped to journalists and information publicly supplied to shareholders.”
“Our reporters spotted the inaccuracies and used months uncovering the facts,” the outlet said.
With a net truly worth of $1.4 billion, in accordance to Forbes, Rihanna has now been elevated as a result of her music — which involves Billboard chart-topping like “Umbrella, “Disturbia” and “Impolite Boy” — and many entrepreneurial ventures to the leading spot among the women.
The 34-year-previous entertainer is the CEO and co-owner, along with luxurious merchandise conglomerate LVMH, of her Fenty Splendor cosmetics line, which produced important headlines in 2017 for developing about 40 basis shades to align with a vast assortment of pores and skin tones. Nowadays, the brand has 50 boundary-breaking shades and is typically praised for revolutionizing the splendor field and shedding light-weight on a longtime deficiency of inclusive and diverse products and solutions between beforehand current brand names.
The model also carries several other makeup goods, which includes assertion-building lipsticks and vibrant 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 firm also “raised revenue at a $1 billion valuation in February 2021” the outlet stated in June.
Additionally, Rihanna is the mastermind guiding Fenty Pores and skin, which she released in 2020. Different from Fenty Natural beauty, the label only focuses on skincare necessities these as experience cleansers, sunscreen, serum and more.
The “Diamonds” singer also released a Fenty style line in 2019 with dad or mum-company LVMH. Nonetheless, it was announced in 2021 that both of those parties experienced mutually determined to end their partnership and shut down the small business.
The singer says she is philanthropically driven as perfectly. In 2012, she started the Clara Lionel Foundation, a nonprofit group that suggests it “supports and resources local climate resilience and local weather justice jobs in the U.S. and Caribbean,” in accordance to its website.
“My cash is not for me it is constantly the assumed that I can help somebody else,” Rihanna explained to New York Times’ T Magazine in a 2019 interview.
“The environment can truly make you consider that the wrong things are priority, and it will make you really miss the core of daily life, what it indicates to be alive.”
On top of all her company ventures, the 34-calendar year-old gave delivery to her initial baby with boyfriend and rapper A$AP Rocky in Might. She declared the being pregnant in late January.
In addition to Rihanna, Jenner’s sister Kim Kardashian, 41, sits at number 16 on Forbes’ checklist of the country’s richest gals, with a internet worth of $1.8 billion. Twenty-4-yr-previous Jenner made this year’s listing, too: With a net worthy of of $600 million, the natural beauty mogul landed in the top rated 50, at number 41.
ABC News has achieved out to Kylie Jenner for remark and will update this tale with a response.
