Rihanna Dethrones Kylie Jenner as Youngest Woman Self-Made Billionaire

Rihanna is the youngest girl to be named on Forbes‘ once-a-year list of self-designed billionaire women of all ages in the U.S.—giving her a title at the time bestowed upon Kylie Jenner, prior to it was unceremoniously snatched away.

Barbados-born Rihanna, 34, introduced what would turn into a hugely thriving pop profession in the aughts, prior to likely on to extend on her fortune with her Fenty Attractiveness cosmetics line, which she co-owns with French luxurious retailer LVMH.

According to Forbes, the line created far more than $550 million in profits in 2020 by itself, while her Savage x Fenty lingerie line, in which she holds a 30 % stake, raised income at a $1 billion valuation in February 2021.

Rihanna sits amongst a host of businesswomen on the prestigious business enterprise publication’s America’s Richest Self-Designed Females record, on which she seems in 21st place with a fortune of $1.4 billion.

Oprah Winfrey, 68, is 10th with $2.6 billion.

Rihanna, who has also released charity Clara Lionel Basis since hitting fame, spoke about her approach to wealth in a 2019 job interview with the New York Moments‘ T Journal.

“My revenue is not for me it can be often the imagined that I can enable somebody else,” she said. “The world can actually make you feel that the completely wrong points are priority, and it helps make you truly pass up the main of lifetime, what it signifies to be alive.”

The next youngest man or woman to be named on Forbes‘ record is Kim Kardashian, 41, who sits in 16th placement with a $1.8 billion fortune, many thanks in huge portion to her cosmetics and fragrance corporation, KKW Natural beauty, and her shapewear organization, Skims.

Nowhere to be located on the listing is Kardashian’s sister Jenner, who in 2020 was named on Forbes‘ World’s Youngest Billionaires listing, only for the title to be taken away amid the publication’s allegations of discrepancies on tax paperwork.

In 2019, Jenner marketed her stake in the magnificence model Kylie Cosmetics to the cosmetic corporation, Coty, for about $600 million, for every The Hollywood Reporter. The cash-out from the offer pushed Jenner’s fortune to billionaire standing and the splendor powerhouse was named by Forbes as the youngest billionaire at the age of 21.

But in 2020, a Forbes‘ expose recalculated the numbers and identified discrepancies in Jenner’s internet worthy of. The report examined income produced in advance of and after the pandemic struck. Jenner’s fortune was, at the time of the report, reported to be below $900 million, below the billionaire rating.

The business enterprise publication accused Jenner, 24, of fudging the figures on the tax returns and building Kylie Cosmetics more substantial than what the model definitely was.

In reaction to the Forbes report, the Kylie Skin founder took to Twitter, exactly where she slammed the magazine for publishing what she called “inaccurate statements and unproven assumptions.”

Jenner’s legal professional, Michael Kump, produced an official statement to Folks and referred to the Forbes’ article as “supermarket tabloid.”

“It is unhappy that, of all issues, Forbes has devoted 3 reporters to examine the influence of the coronavirus disaster on Kylie’s web really worth,” said Kump.

Although Jenner defended her fortune, Forbes stood by its reporting. Main Communications Officer Matt Hutchison reported in a assertion on the publication’s web-site: “Our reporters spotted the inaccuracies and spent months uncovering the info. We inspire the legal professional to re-browse the posting.”