Rihanna just made a new record!
Sorry to burst your bubbles; this is not about the Barbadian goddess’s return to the music industry, as the worldwide sensation is currently focused on taking the business world by storm.
The 34-year-old has raked in millions of dollars through various entrepreneurial ventures, which, when added to the fortune amassed from her music career, have made the “Umbrella” songstress a billionaire.
Rihanna Becomes America’s Youngest Self-Made Billionaire Woman With A Net Worth Of $1.4 Billion
As shared by CNBC, Forbes’ recently released its list of America’s richest self-made women, where the National Hero of Barbados ranked 21st overall and was the only person under the age of 40.
This milestone marked the third year that the “Love on the Brain” singer has graced the prestigious list. However, unlike her previous rankings, the Fenty Beauty CEO was named the youngest self-made female billionaire.
With an accumulated net worth of $1.4 billion, the nine-time Grammy Award winner has become one of the world’s most powerful women, and the 34-year-old owed it all to her remarkable business sense.
A significant amount of the “Ocean’s 8” actress’s fortune came from her successful retail businesses Fenty Beauty, Fenty Skin, and Savage X Fenty. At the same time, the rest of her wealth was accumulated during the entertainer’s music career.
Earlier this year, sources revealed that Rihanna’s Savage X Fenty lingerie brand was collaborating with advisors on an IPO that could reach a value of $3 billion.
This would mean more money for the “Where Have You Been” songstress as she owns 30% of the company. The 13-time AMA winner also shares Fenty Beauty with the French luxury fashion conglomerate LVMH.
Although the business mogul earned millions through her enterprises, the “Battleship” actress’s priorities had nothing to do with becoming a member of the elite world.
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During a 2019 interview, the Barbadian beauty confessed that she never thought her entrepreneurial ventures would yield the amount of revenue these businesses have.
However, the 34-year-old pointed out that just because she had attained a certain wealth did not mean it was time for her to relax. Instead, the mother-of-one declared these milestones would not stop her from working.
Why does Rihanna enjoy working so hard? the “Home” voice actress once stated that she did not make money for herself but to give back to the less fortunate.
To realize this goal, the 12-time Billboard Music Award winner started the Clara Lionel Foundation (CLF), a philanthropy fund in 2012 to support education and climate resilience projects.
A year after the organization debuted, an initiative to help women and children affected by HIV/AIDS was successfully launched, generating $60 million for the project through selling the entrepreneur’s lipstick line with MAC Cosmetics.
Reality TV star Kim Kardashian is following the R&B Queen as the next-youngest billionaire on Forbes’ list of America’s richest self-made women.
The “Keeping Up With The Kardashians” alum has a net worth of $1.8 billion, while her younger sister Kylie Jenner also made the list as the youngest non-billionaire with a net worth of $600 million.
The People’s Choice Award Winner’s Son Is Already Worth Millions
Last month, The Blast reported that Rihanna and her boyfriend A$AP Rocky welcomed their first child, a bouncing baby boy who arrived in Los Angeles on May 13.
The bundle of joy, whose name has yet to be announced, became the talk of the town just days after his arrival after his net worth compared to other famous kids using data gathered from the children’s parents.
A source used the total estimated net worth of celebrity parents in dollars, converted to pounds, and then divided evenly among their offspring to determine the estimated net worth of each child.
After ranking the children accordingly, the “Diamonds” singer’s son was valued at 1.2 billion pounds, making the little boy one of the richest celebrity babies.
Rihanna’s son also caused a stir on social media platforms after the “We Found Love” singer was captured bottle-feeding a newborn child.
Although many people believed this was a leaked photo of the Pop icon and her son, fans debunked the news as the child in question was the 34-year-old’s niece.
