Rihanna has become the youngest female self-made billionaire
(Credit: Sigma)


Rihanna has become the youngest female self-made billionaire

After the release of Forbes’ annual report on America’s Richest Self-Made Women last year, Rihanna officially became a billionaire thanks to her burgeoning business and music exploits.

With this year’s ranking, the 34-year-old Barbados pop singer and cosmetics tycoon has now become America’s youngest woman billionaire.

Via Forbes, the vast majority of Rihanna’s now $1.4 billion net worth is from her Fenty Beauty cosmetics brand, of which she owns 50% alongside French luxury retailer LVMH. She also has a 30% stake in the Savage x Fenty lingerie line, which raised money at a $1 billion valuation in February 2021. Rihanna has also, unsurprisingly, become the world’s wealthiest female musician.

The next youngest woman on this year’s Forbes list is Kim Kardashian, who has a $1.8 billion net worth at the age of 41. While on the topic of the Kardashian-Jenner family, 24-year-old Kylie Jenner once held the title of the world’s youngest self-made billionaire but lost the title in May 2020 when Forbes dropped her net worth to $900 million after reviewing new financial data. She is now registered at around the $600 million mark.

Back in December 2020, Austin Russel, the founder of the automotive sensor firm Luminar Technologies, became the world’s youngest self-made billionaire at 25. He is now 27 years old and was estimated at $1.6 billion in April. Reaching the $2 billion mark concurrently is Ryan Breslow, the 28-year-old American co-founder of the payment startup Bolt. 

Elsewhere, Rihanna gave birth to a baby boy with her partner A$AP Rocky in May, just two weeks after she made a well-received appearance in his ‘D.M.B.’ video.

In January this year, Rihanna put some of her vast wealth to good use by donating $15 million to charities combating climate change.

Over the past few years, Rihanna has been rather quiet on the music front. Her last album was 2016’s Anti, and despite teasing a reggae project for a 2019 release, the album never materialised.