Rihanna Becomes one of the youngest Self made Billionaire in America

Singer Rihanna is now the youngest self-made billionaire woman in the US after accumulating a net worth of $1.4bn by age 34, knocking Kim Kardashian to second place.

The 34-year-old pop singer made Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall. She’s the only billionaire under 40 on the list.

The next-youngest billionaire on the Forbes list is Kardashian, 41, who has a net worth of $1.8 billion.

According to Forbes, the Barbados native is a billionaire due to the success of her cosmetics line, which she co-owns with French luxury retailer LVMH, and which “generated more than $550m in revenue in 2020”.

While Fenty Beauty “comprises the majority of her fortune,” it is far from Rihanna’s only source of income, as the outlet notes that the nine-time Grammy winner also earns a significant amount from her music career and her lingerie brand, Savage x Fenty, which “raised money at a $1bn valuation in February 2021”. Rihanna currently has a 30 per cent stake in the company.