Rihanna youngest self-made billionaire woman worth $1.4bn
Barbadian singer, Robyn Rihanna Fenty, popularly referred to as Rihanna has emerged the youngest successful have lady within the u. s. having a price of $1.4 billion.
The 34-year-old singer and Fenty Beauty CEO graced Forbes’ annual list of America’s richest successful girls for the third year during a row.
She hierarchic twenty first overall, and is that the list’s solely have below age forty. a number of Rihanna’s $1.4 billion internet price is from her prospering music career. Most of it’s from her 3 retail companies: Fenty Beauty, Fenty Skin and Savage X Fenty.
In March, Bloomberg reported Savage X Fenty underclothes was operating with advisors on Associate in Nursing commercialism that might probably be valued at $3 billion. Rihanna owns half-hour of that company.
She conjointly owns half Fenty Beauty, that generated $550 million in revenue in 2020. the opposite half the corporate is in hand by French luxury fashion conglomerate LVMH (Moët Hennessy Joe Louis Vuitton).
The numbers ar spectacular, however Rihanna has aforementioned that her focus isn’t on valuations and accolades.
In 2019, she told The ny Times’ T Magazine that as a result of she ne’er planned on creating a fortune, reaching monetary milestones was “not getting to stop Maine from operating.
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The nine-time Grammy Award winner conjointly aforementioned she desires to allow that money away to causes that matter, anyway.
“My cash isn’t for me; it’s continuously the thought that I will facilitate some other person,” she said. “The world will very cause you to believe that the incorrect things ar priority, and it causes you to very miss the core of life, what it suggests that to be alive.”
In 2012, Rihanna started a financial aid fund, the Clara Lionel Foundation (CLF). It aims to “support and fund groundbreaking education and climate resilience initiatives,” per its web site.
