Rihanna doesn’t just shine bright like a diamond, she’s also worth a truck full of them — she is now America’s youngest self-made female billionaire.
Forbes released its 2022 list of America’s richest self-made women last month. It features a “ranking of the country’s most successful women entrepreneurs, executives and entertainers” and the Fenty Beauty CEO ranked no. 21 overall. With a net worth of $1.4 billion, she is the youngest billionaire on the list.
The 34-year-old singer was also featured in the annual list in 2020 where she ranked no. 33 with a net worth of $600 million. She was officially declared a billionaire in 2021, becoming the richest musician in the world.
But music is not the Barbados-born singer’s primary source of wealth — Rihanna, whose birth name is Robyn Rihanna Fenty, derives the majority of her fortune from her 50 per cent stake in the Fenty Beauty cosmetics line, Forbes reported.
The rest of her wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actor, the magazine said.
In 2019, makeup mogul Kylie Jenner dethroned Facebook cofounder Mark Zuckerberg for the very same spot and was named the youngest self-made billionaire by Forbes at the age of 21. A year later, the magazine revoked the title saying it no longer believed that her net worth was that much.
While Jenner now ranks at no. 41 with $600 million and remains the youngest person on the list at 24, Rihanna is the only female billionaire under the age of 40. She’s also the first billionaire from her native Barbados, where she dreamt about becoming a star.
The ‘Umbrella’ singer is thriving in all spheres of life, it seems. She recently gave birth to a baby boy with her partner rapper A$AP Rocky and is reportedly coming out with new music very soon.
“I’m looking at my next project completely differently from the way I had wanted to put it out before,” she told Vogue earlier this year. “I think this way suits me better, a lot better. It’s authentic, it’ll be fun for me, and it takes a lot of the pressure off.”