CELEBRITY & PEOPLE
Rihanna Becomes Youngest Self-Made Billionaire, Surpassing Kim Kardashian
Rihanna Becomes Youngest Self-Made Billionaire, Surpassing Kim Kardashian
Rihanna Becomes Youngest Self-Made Billionaire, Surpassing Kim Kardashian
Rihanna becomes youngest self-made billionaire, surpassing Kim Kardashian: Rihanna is the youngest self-made billionaire, surpassing Kim Kardashian. Yes, you read that right. Rihanna is now the youngest woman in the United States to earn a million dollars on her own. She beat Kim Kardashian to the title.
The 34-year-old singer was recently ranked 21st on Forbes’ annual list of America’s wealthiest self-made women for the third consecutive year, as per the reports. She is the only under-40 billionaire on the list, and the list is flooding all over the Internet.
Kardashian, age 41, is the second-youngest billionaire on the Forbes list, with a net worth of $1.8 billion. Kylie Jenner, who at age 24 is the youngest non-billionaire on the list, was crowned Forbes’ youngest self-made billionaire in 2018, only to have the title revoked following a recalculation of her net worth. Her current net worth is $600 million.
Rihanna’s current net worth of $1.4 billion is due in part to her successful music career. The majority of her money comes from her business ventures, such as Fenty Beauty, Fenty Skin, and Savage X Fenty. Bloomberg reported in March that the Savage X Fenty lingerie brand was working with advisors on an IPO that could result in a valuation of $3 billion or more. Rihanna holds a 30% stake in the company. The nine-time Grammy Award winner also owns half of Fenty Beauty, which debuted in 2017 and is expected to generate $550 million by 2020. LVMH, a French luxury fashion conglomerate, owns the remaining 50% of the company.
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