Rihanna emerges America’s youngest self-made billionaire woman at $1.4bn

Robyn Rihanna Fenty aka Rihanna is now the youngest self-made billionaire woman in America after accumulating a net worth of $1.4 billion by age 34, and 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 41 year old Kim 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 $1billion valuation in February 2021.

Rihanna currently has a 30 per cent stake in the company.

As for her status as a self-made billionaire, Forbes has given Rihanna a self-made score of 10, a ranking the outlet explains ranges from one to 10  and indicates how much of one’s fortune they have inherited or built on their own.

According to Forbes, a ranking of one through five indicates someone who inherited some or all of his or her fortune, while scores six through 10 are for those who built their company or established a fortune on his or her own.

The entrepreneur is likely to continue building her empire, as she previously told The New York Times that a number is not going to stop her from continuing to work.

In March, Bloomberg reported Savage X Fenty lingerie company was working with advisors on an initial public offering that could value the company at $3 billion or more.

Rihanna owns 30 percent of that company.