Rihanna: “I Never Thought I’d Make This Much Money”.

Rihanna Is America’s Youngest Self-Made Billionaire Woman, Worth $1.4 Billion

By Ademola Bashorun

With a $1.4 billion net worth before the age of 34, Rihanna has surpassed Kim Kardashian to become the youngest self-made billionaire woman in the US.

The 34-year-old pop singer placed 21st overall on Forbes’ annual list of America’s wealthiest self-made women, making the list for the third year in a row. On the list, she is the only billionaire who is under 40.

Kardashian, 41, the second-youngest billionaire on the Forbes list, with a net worth of $1.8 billion.

The cosmetics company, which she co-owns with French luxury retailer LVMH and “produced more than $550m in revenue in 2020,” is what made the Barbados native a billionaire, according to Forbes.

Even while the majority of Rihanna’s wealth comes from Fenty Beauty, the nine-time Grammy winner also derives a sizeable portion of her income from her music career and her lingerie line, Savage x Fenty, which “raised money at a $1bn valuation in February 2021,” according to the publication. At the moment, Rihanna owns 30% of the business.

Regarding her self-made billionaire status, Forbes has given Rihanna a “self-made score” of 10. According to the publication, this ranking, which ranges from one to 10, shows how much of a person’s wealth they have inherited or created on their own.

Rankings of one through five, according to Forbes, denote “someone who inherited some or all of his or her fortune,” while scores six through 10 “are for those who built their company or established a fortune on his or her own”.

Since she previously told The New York Times that a “number is not going to stop” her from working, the entrepreneur, who is the only billionaire under 40 on this year’s list, is sure to keep expanding her company.

“I never thought I’d make this much money, so a number is not going to stop me from working,” Rihanna told the outlet in 2019.

According to a March Bloomberg article, the Savage X Fenty lingerie brand was collaborating with consultants on a potential $3 billion or more initial public offering. That business is 30% owned by Rihanna.