And $400,000 richer since she officially became a billionaire last year.
At 34 years old, Rihanna is America’s youngest self-made billionaire. With a net worth of $1.4 billion, the Barbados-born singer dethrones Kylie Jenner, the previous title holder, dubbed by Forbes. (However, social media short-lived Jenner’s reign given the backlash Forbes received from describing her as “self-made”).
While most of the world’s wealthiest women are heiresses, Rihanna amassed her fortune from a successful music career and inclusive company, Fenty, which has beauty, skin, and lingerie segments.
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Currently, Rihanna co-owns Fenty with luxury conglomerate LVMH, which acquired 50 percent of the brand in 2017. According to Forbes, the lingerie line Savage x Fenty earned over $550 million in sales in 2020 alone.
However, the “Diamonds” singer is still getting used to the fruits of her labor. “It’s tricky because it’s hard to even accept that’s where you’re at because I know where I’ve come from,” she told The New York Times when she officially became a billionaire last year.
Inspiring others
“At the same time, it feels good to be able to inspire young women and boys, who like me, come from humble beginnings, who come from parents who are immigrants or who are immigrants themselves, to be able to do this.”
As a teenager, she turned to music while dealing with her father’s drug addiction and her parents’ divorce. At 15, Rihanna auditioned for music producer Evan Rodgers who was visiting her hometown with his Barbadian wife.
Less than a year later, the entrepreneur would move to America to record a demo, leading to her debut album, Music of the Sun, released in 2005.
With her $1.4 billion, the multi-Grammy-winning artist holds the 21st spot on the publication’s America’s Richest Self-Made Women list.
Banner image from @fentybeauty.
