Connect with us


Rihanna is now the youngest self-made billionaire woman in the United States with a worth of $1.4 billion USD



Rihanna is now the youngest self made billionaire woman in the United States with a worth of 1.4 billion USD.jpg

Rihanna is presently worth $1.4 billion-production her America’s most youthful independent billionaire woman. The most youthful independent billionaire woman in the U.S. didn’t experience childhood in a Manhattan high rise or the Hollywood Hills. All things considered, Rihanna amassed her fortune from her own music and entrepreneurial ventures.

As of late, the 34-year-old singer and Fenty Beauty CEO graced Forbes’ yearly list of America’s most extravagant independent women for the third year straight. She ranked 21st generally and is on the list’s just billionaires under age 40. A portion of Rihanna’s $1.4 billion total assets is from her successful music profession and entrepreneurial ventures. Its vast majority is from her three retail companies: Fenty Beauty, Fenty Skin, and Savage X Fenty.

In March, Bloomberg reported Savage X Fenty unmentionables was working with advisers on an IPO that might actually be esteemed at $3 billion. Rihanna owns 30% of that organization. She additionally owns half of Fenty Beauty, which produced $550 million in income in 2020. The other portion of the organization is owned by the French extravagance fashion conglomerate LVMH.

The numbers are amazing, however, Rihanna has said that her emphasis isn’t on valuations and accolades. In 2019, she told The New York Times’ T Magazine that since she never planned to make a fortune, arriving at financial milestones “not going to stop me from working.”

At any rate, the nine-time Grammy Award winner likewise said she needs to offer that cash to causes that matter. “My money is not for me; it’s always the thought that I can help someone else,” she said. “The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.”

In 2012, Rihanna began a philanthropy fund, the Clara Lionel Foundation (CLF). It aims to “support and fund groundbreaking education and climate resilience initiatives,” according to its website.

One of its most memorable initiatives, which launched a year after the foundation started, raised $60 million for women and youngsters impacted by HIV/AIDS through sales from the singer’s lipstick line with MAC Cosmetics. Furthermore, in January, CLF paired up with Twitter co-founder Jack Dorsey’s #SmartSmall initiative to give a joined $15 million to 18 distinct climate justice groups.

That cash is intended for organizations “focused on and led by women, youth, Black, Indigenous, people of color and LGBTQIA+ communities” in the U.S. and Caribbean, according to CLF’s website.

“At the [CLF], much of the work is rooted in the understanding that climate disasters, which are growing in frequency and intensity, do not impact all communities equally, with communities of color and island nations facing the brunt of climate change,” Rihanna said in a January statement.

The following most youthful billionaire on Forbes’ list is 41-year-old Kim Kardashian, who has total assets of $1.8 billion. Kardashian and her sister Kylie Jenner – who, at age 24, is the most youthful non-billionaire on the list, with total assets of $600 million – have likewise made progress in both diversion and retail, including their particular makeup lines.

follow us on google news banner black


Recent Posts


error: Content is protected !!