Black Business News
Rihanna Listed by Forbes as World’s Youngest Self-Made Billionaire
By Stacy M. Brown
NNPA Newswire Senior National Correspondent
@StacyBrownMedia
In 2021, Rihanna achieved billionaire status.
In 2022, Forbes acknowledged that the Barbadian beauty now counts as the youngest self-made billionaire in America.
The 34-year-old, who recently gave birth to her first child, ranked 21st overall in the latest Forbes list of billionaires.
The singer and entrepreneur, whose Fenty Beauty line counts among the most popular in the world, is the only billionaire under 40 on Forbes’ list.
Earlier this year, reports noted that Rihanna’s Savage X Fenty lingerie planned an initial public offering valued at about $3 billion.
The megastar owns 30 percent of Savage X Fenty and 50 percent of Fenty Beauty, reportedly generating $550 million in revenue in 2020.
The nine-time Grammy Award winner has stated that she intends to increase her philanthropic efforts around the globe.
“My money is not for me; it’s always the thought that I can help someone else,” she told the New York Times in 2021. “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.”
In 2021, Forbes estimated Rihanna’s net worth at $1.7 billion, trailing only Oprah Winfrey as the world’s richest entertainer.
“A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium-dark, dark,” Shannon Coyne, co-founder of consumer products consultancy Bluestock Advisors, told Forbes about Rihanna’s successful beauty products.
“We all know that’s not reality. She was one of the first brands that came out and said, ‘I want to speak to all of those different people.’”
Born Robyn Rihanna Fenty on February 20, 1988, in Saint Michael, Barbados, the tantalizing starlet delivered hit after hit with songs like “Umbrella”, “Rude Boy”, and “Diamonds.”
With over 100 million social media followers, Rihanna’s fans have pleaded with their idol to deliver new music.
Photo: Courtesy
