Rihanna Officially Becomes The Youngest Self-Made Billionaire Woman


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.

Linked: Salt Bae’s Cafe Chain Is Legitimately On Track For A $2 Billion Valuation

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.”

rihanna youngest self-made billionaire

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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