Forbes has now crowned Rihanna (serious title: Robin Fenty) the youngest self-designed billionaire, confirming as soon as and for all that bitches did certainly have her dollars.
From humble beginnings in Saint Michael, Barbados to the headquarters of LVMH, the 9-time Grammy Award winner has amassed a three-comma fortune at just 34 a long time of age many thanks to her best-providing Fenty manufacturers — 1 of which is co-owned by Bernard Arnault’s powerhouse luxurious conglomerate:
- Fenty (Manner House)
When the high-style line didn’t progress as properly as she or LVMH experienced hoped, halting operations all around the similar time Savage x Fenty took off, there was still some coin to be noticed in this article.
- Fenty Magnificence (Cosmetics)
Fenty Magnificence generated around US$550 million / AU$805 million worth of earnings back again in 2020 with a complete valuation of around US$2.8 billion / AU$4.1 billion. 50% of the full business belongs to Rihanna. The other 50% belongs to LVMH through Kendo.
- Fenty Skin (Skin Treatment)
Fenty Pores and skin was released to complement Fenty Magnificence.
- Savage x Fenty (Lingerie)
Savage x Fenty realized a complete valuation of US$1 billion / AU$1.46 billion back in early 2021. This calendar year, Bloomberg indicated an IPO was on the horizon which could possibly revise this figure to US$3 billion / AU$4.4 billion. 30% belongs to Rihanna.
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So what is it all for? Apart from offering her an justification not to drop the album a la Frank Ocean.
“My dollars is not for me, it is always the believed that I can aid somebody else,” Rihanna has beforehand stated.
“The entire world can definitely make you consider that the mistaken factors are a precedence and it tends to make you genuinely overlook the core of daily life, what it means to be alive.”
In 2012, Rihanna proven a philanthropy fund recognized as the Clara Lionel Foundation (CLF). According to its mission assertion, the CLF’s aim is to “support and fund groundbreaking education and learning and climate resilience initiatives.”
A single of its first initiatives raised US$60 million / AU$88 million for girls and youngsters impacted by HIV/AIDS through sales from her lipstick collaboration with MAC Cosmetics. A lot more just lately, the CLF teamed up with Twitter co-founder Jack Dorsey’s #SmartSmall initiative to distribute US$15 million / AU$22 million throughout 18 different climate justice teams.
With a considerable net truly worth of US$1.4 billion / AU$2 billion, Rihanna has effectively dwarfed the likes of Bumble Founder & CEO Whitney Wolfe Herd (32 years aged | US$740 million / AU$1 billion), fellow chart-topper Taylor Swift (32 decades old | US$570 million / AU$834.6 million), and Kylie Jenner (24 several years old | US$600 million / AU$878.5 million) the latter of whom you may well remember was stripped of the youngest self-designed billionaire woman by Forbes pretty much instantly following obtaining it.
Check out out the Forbes rankings right here.
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