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Rihanna has replaced Kim Kardashian as the youngest self-made billionaire woman in the US.
The 34-year-old singer recently ranked 21st on Forbes‘ annual list of America’s wealthiest self-made women, making the list for the third year in a row. On the list, she is the only billionaire who is under 40.
Kardashian, 41, the second-youngest billionaire on the Forbes list, has a net worth of $1.8 billion.
The majority of Rihanna’s $1.4 billion net worth comes from her lucrative music career. The remainder comes from her business ventures, including Fenty Beauty, Fenty Skin, and Savage X Fenty.
Bloomberg reported in March that Rihanna’s Savage X Fenty lingerie company was working with advisors on an IPO. The company will be valued at $3 billion or more.
Additionally, the nine-time Grammy Award winner owns 50% of Fenty Beauty, generating $550 million in sales in 2020. The remaining stake in the company is held by the French luxury fashion conglomerate LVMH.
In 2019, Rihanna told The New York Times, “I never thought I’d make this much money, so a number is not going to stop me from working.”
