Rihanna Dethrones Kylie Jenner as Youngest Woman Self-Made Billionaire
Forbes recently unveiled its 2022 list of “America’s Richest Self-Made Women”No. 21 on the list is 34-year-old Rihanna, the youngest on the entire tally to have a net worth of more than one billion dollars.
Her $1.4 billion comes primarily from the success of her cosmetics line, Fenty Beauty.
She also has a 30% stake in the Savage x Fenty lingerie line, which raised money at a $1 billion valuation in February 2021.
Barbados-born Rihanna, 34, launched what would become a hugely successful pop career in the aughts, before going on to expand on her fortune with her Fenty Beauty cosmetics line, which she co-owns with French luxury retailer LVMH.
According to Forbes, the line generated more than $550 million in revenue in 2020 alone, while her Savage x Fenty lingerie line, in which she holds a 30 percent stake, raised money at a $1 billion valuation in February 2021.
The beauty mogul is the only billionaire under the age of 40 on the list, surpassing the next youngest billionaire on the Forbes list – Jenner’s older sister, 41-year-old Kim Kardashian - who has a net worth of $1.8 billion.
RiRi is said to be Barbados’ first billionaire, and in April, was announced as the world’s richest female musician.