Rihanna becomes America’s youngest self-made billionaire woman

International pop 34-year-old singer, Robyn Rihanna Fenty popularly known as Rihanna has been named the United States’ youngest self-made billionaire woman with a net worth of $1.4billion, according to CNBC.

Recently, Rihanna graced Forbes’ annual list of America’s richest self-made women for the third year in a row. She ranked 21st overall and is the list’s only billionaire under the age of 40. Some of Rihanna’s $1.4 billion net worth is from her successful music career. Most of it is from her three retail companies: Fenty Beauty, Fenty Skin and Savage X Fenty.

In  March, Bloomberg reported Savage X Fenty lingerie was working with advisors on an IPO that could potentially be valued at $3 billion. Rihanna owns 30% of that company. She also owns half of Fenty Beauty, which generated $550 million in revenue in 2020. The rest of her fortune lies in her earnings from her career as a chart-topping musician and actress.

While she keeps topping the charts, Rihanna had told The New York Times’ T Magazine in 2019 that her focus isn’t on valuations and accolades, because she never planned on making a fortune, reaching financial milestones was “not going to stop me from working.”

She also said she wants to give that money away to causes that matter, anyway. “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.”