Rihanna Named America’s Youngest Self-Made Billionaire

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Rihanna has worked her way up from just an artist to a self-made brand called Fenty.

The youngest U.S. woman millionaire was not raised in a luxury apartment building or on the Hollywood hills. But Rihanna didn’t inherit her wealth; she made it through her own musical and business efforts.

For the third year in a row, the 34-year-old singer and CEO of Fenty Beauty has topped Forbes’ list of America’s richest self-made women. She is the only person on the list who is under the age of 40 and a billionaire. Rihanna’s music career has helped her amass a portion of her net worth of $1.4 billion. Fenty Beauty, Fenty Skin, and Savage X Fenty account for the bulk of her wealth.

Rihanna

According to a Bloomberg article from March, Savage X Fenty lingerie is consulting with financial experts about a possible initial public offering (IPO) with a valuation of $3 billion. That corporation is 30% owned by Rihanna. In 2020, Fenty Beauty made $550 million in sales, and she owned 50% of the company. A French luxury fashion behemoth called LVMH owns the other 50% of the firm.

Rihanna

While these statistics are indeed remarkable, Rihanna has stated that she is not particularly concerned with her financial or critical standing. She told T Magazine of The New York Times in 2019 that she never intended to become wealthy and that her success “was not going to stop me from working.

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