Rihanna the Barbadian Singer, Actress, Fashion Designer, and Businesswoman became the youngest woman self-made billionaire in America with a net worth of 1.4 billion$. It’s evident the mantra behind Rihanna’s success is “work, work, work, work, work, work.”
Rihanna has achieved her third consecutive appearance on Forbes’ yearly list of the richest women self-made personalities in America. The sole billionaire under the age of 40 is Rihanna, who came in at number 21 overall on the list. Kim Kardashian, 41, who has a net worth of 1.8 billion dollars, is the second-youngest billionaire.
Rihanna’s Music Is Only Part Of The Reason
While Rihanna’s popular music career plays a significant part in her net worth, a majority of it comes from her business endeavors i.e. Savage X Fenty, Fenty Beauty, and Fenty Skin.
According to Bloomberg’s March reports, the lingerie line Savage X Fenty was negotiating with advisors about an Initial Public Offering which can roughly come to be around $3 billion or more. Rihanna owns almost one-third of Savage X Fenty.
The Barbadian pop star is also the co-owner of Fraternity Beauty, while the other part is owned by LVMH, a luxury fashion conglomerate from France. Fraternity Beauty generated $550 million of revenue in 2020.
The artist made it very clear back in 2019 that fame and fortune will not be a reason for her to stop working, as she told The New York Times’ T Magazine in an interview that she had any plans to make a fortune, so reaching milestones in finance was “not going to stop me from working.”
“My money is not for me; it’s always the thought that I can help someone else,” said the “Diamonds” artist. Moreover, maybe it is the humble background that made the “Nine Times Grammy winner singer” prioritize charity and social work over wealth.