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Rihanna is now America’s youngest self-made billionaire woman

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Posted: Thursday, July 7, 2022. 1:26 pm CST.

By Zoila Palma Gonzalez: Barbadian singer, actress, fashion designer, and businesswoman, Rihanna is now worth $1.4 billion, making her America’s youngest self-made billionaire woman.

The 34-year-old singer and CEO of Fenty Beauty made Forbes’ annual list of America’s richest self-made women for the 3rd year in a row.

According to CBS, Rihanna ranked 21st overall and is the list’s only billionaire under the age of 40.

Most of the 9-time Grammy award winner’s $1.4 billion net worth is from her 3 retail companies, Fenty Beauty, Fenty Skin, and Savage X Fenty and some are from her successful music career.

But in 2019, Rihanna said that her focus isn’t on valuations and accolades and that reaching those financial milestones was not going to stop her from working.

In addition, Rihanna said that she wanted to donate to causes that matter.

 “My money is not for me; it’s always the thought that I can help someone else. The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive,” Rihanna said.

Rihanna also founded the Clara Lionel Foundation (CLF). It aims to support and fund groundbreaking education and climate resilience initiatives.

 

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