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Rihanna Is America Youngest Self-Made Billionaire

Rihanna Is America Youngest Self-Made Billionaire

Rihanna Is America Youngest Self-Made Billionaire

Another major milestone checked off the list of the small-town girl with big dreams from Barbados, Rihanna. The pop singer is already a living legend and the new development that Rihanna is America’s youngest self-made billionaire is shaking all the fans to their core.

The entrepreneur is having a great year as she just had her son with her boyfriend ASAP Rocky and they expanded their family. But the latest news added a huge achievement to her list. She is now the youngest billionaire who worked day and night to attain this feat and kudos to her.

How Did Rihanna Make Her Youngest Self-Made Billionaire Status

You may know her as the singer with hits songs and impeccable fashion sense. But Rihanna is also a very successful businesswoman. The nine-time Grammy Award winner obviously earned a huge amount of fortune from her thriving singing career. But that is not the only source of her billionaire status. She has multiple entrepreneurial ventures that had gone immensely popular and touched great heights in the last few years.

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As of now, Rihanna has huge stakes in three big retail companies. These are her self-made businesses namely Fenty Beauty, Savage X Fenty and also Fenty Skin. Forbes recently reported that Rihanna’s cosmetics line, Fenty Beauty singularly earned over $550 million in revenue for the year 2020. Besides, her thriving lingerie line got a valuation of $ 1 billion back in February 2021. Since Fenty Skin has been recently launched, it is anticipated to cross the mark and increase Rihanna’s net worth in the coming year.

Rihanna America Youngest Billionaire

Earlier Kylie Jenner used to hold the title of the Youngest Self-Made Billionaire. However, after a few months, it turned out that Kylie Jenner has falsely recorded some of the earnings of her business. Forbes even made an expose video on the case and snatched the time from her. This led to a huge controversy back then and many details were later revealed,

Rihanna Wants To Use Her Money For Good Cause

Last year in August, Rihanna was already named a billionaire by Forbes. In just a matter of a year, her income multiplied and now, she has become the inspiration for many women. Back in 2019, while speaking with The New York Times’ T Magazine, she mentioned how she wanted to spend the majority of her wealth for a good cause. 

She began a philanthropy fund named the Clara Lionel Foundation (CLF) where she will be focusing on helping the needy. 

“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,”  Talking more about her charity, she said, “At the [CLF], much of the work is rooted in the understanding that climate disasters, which are growing in frequency and intensity, do not impact all communities equally, with communities of colour and island nations facing the brunt of climate change.”

Now that she is a billionaire, she is looking forward to expanding her resources through her charity.

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Rihanna Surpassed The Kardashian & Jenner

 Kim Kardashian secured the 16th spot in the Forbes list of Self-Made Woman 2022 with a net worth of $1.8 billion. However, Rihanna was in the 21st spot with a net worth of $1.4 billion but still, she won the race. She became the Youngest Self-Made Billionaire Woman beating Kardashian who came in second place.

Kim Kardashian is 41 years old whereas Rihanna is 34 years old. So, clearly, she is the winner. The other sister of the Kardashian clan, Kylie Jenner is listed at the number 41 spot and currently has a net worth of $600 million. Thus, for now, Rihanna is the winner

 RiRi has amazed her fans with such success and she deserves it all. The Youngest Self-Made Billionaire has not commented anything about unlocking a new success. But back in the day, she claimed that being a billionaire is scary. She said, “It’s scary,” “I do think about it all the time.

I make it a point to think about it, because I…get scared when, you know, the pedestal comes into play and we’ll put you up there and they keep wanting to put you up there…I’m like, ‘No, I want to be on the ground.’ I want to feel my feet on the ground because I know it’s not going to be a fall at all if anything, right?…. I don’t want to be this icon…I want to remember who I am.” 

So, what is Rihanna thinking now? Let’s wait for her response and her candid reaction.

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