After Kylie Jenner’s reign, Rihanna is now the youngest female self-made billionaire.
Rihanna, 34, is the youngest person on Forbes’ 2022 list of American self-made female billionaires. Discover Kylie Jenner’s current position, who had that role in 2019.
Rihanna does, in fact, have her money, as it turns out.
According to Forbes’ 2022 list, the 34-year-old has a $1.4 billion net worth, making her the youngest self-made female billionaire in the United States. Her remarkable accomplishment comes more than three years after the publication gave Kylie Jenner, who is thought to have a current net worth of $600 million, the highly desired distinction.
According to Forbes, Rihanna is the only woman under 40 on this year’s list of female billionaires in the U.S., as well as the co-owner of Fenty Beauty and the owner of a 30% share in her Savage x Fenty lingerie line. She is also the first billionaire from her native Barbados.
Her financial worth might soon increase as well. The singer, who just had her first kid with A$AP Rocky, has hinted that she is working on some new music.
“I’m approaching my next project entirely different than how I originally intended to release it. This approach seems to fit me much better, “she said to Vogue. It’s real, it’ll be enjoyable for me, and it relieves a lot of the pressure, says the speaker.
That being said, Kylie’s success is no less remarkable. The 24-year-old Kardashians star is still the youngest person on Forbes’ list of the richest self-made women in America, which also includes Bumble founder Whitney Wolfe Herd ($740 million) and Taylor Swift ($570 million). Kylie has appeared on the list for the fifth year in a row.
After establishing a distribution agreement with beauty store Ulta to sell Kylie Cosmetics goods, which were previously only accessible online or at pop-up shops, there, Kylie held the distinction of a youngest self-made billionaire at the time.
When this strategic move was made, Forbes claimed that Kylie Cosmetics’ estimated worth increased to “at least” $900 million, making its founder a billionaire.
When she decided to sell Coty Inc. 51% of the cosmetics company in November 2019 for $600 million, the founder of Kylie Cosmetics saw further evidence of financial gain. Her company was valued at around $1.2 billion in the acquisition.
The Forbes crew “recalculated Kylie’s net worth and found that she is not a billionaire,” but rather a “more realistic estimate of her personal fortune puts it at just under $900 million,” according to an article they published in May 2020.
Despite having her title taken away, Kylie was unfazed and stated, “I can identify a list of 100 things more important right now than fixating on how much money I have.”
She tweeted shortly after the publication of the piece, “I am blessed beyond my years. I have a lovely daughter, and a wonderful business and I’m doing completely fine.
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