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Rihanna is now officially the youngest self-designed billionaire, according to Forbes.
For its once-a-year checklist of the country’s richest self-designed gals, which debuted in June, Forbes named the Fenty Splendor founder the youngest self-designed billionaire female, a title formerly supplied to fact star and businesswoman Kylie Jenner.
Jenner, then 21, was named the youngest-ever self-created billionaire in 2019 — surpassing Facebook founder Mark Zuckerberg, who won the title at 23 — but Forbes later revoked that title, releasing an posting declaring that the fact star and attractiveness business owner’s billionaire position and economic files, on which her title relied, experienced been skewed.
At the time, Jenner and her law firm claimed Forbes’ retraction was incorrect and the outlet’s statements about Jenner’s finances — as perfectly as people of her enterprise, Kylie Cosmetics — had been bogus.
Forbes stood by its reporting, telling E! Information in May possibly 2020 that its “thoroughly-described investigation was induced by newly-filed files that disclosed glaring discrepancies between information privately supplied to journalists and facts publicly provided to shareholders.”
“Our reporters spotted the inaccuracies and spent months uncovering the points,” the outlet stated.
With a web worth of $1.4 billion, in accordance to Forbes, Rihanna has now been elevated by way of her new music — which includes Billboard chart-topping like “Umbrella, “Disturbia” and “Impolite Boy” — and a number of entrepreneurial ventures to the top place among girls.
The 34-calendar year-outdated entertainer is the CEO and co-owner, alongside with luxury merchandise conglomerate LVMH, of her Fenty Natural beauty cosmetics line, which made main headlines in 2017 for creating around 40 foundation shades to align with a broad wide range of pores and skin tones. Nowadays, the brand name has 50 boundary-breaking shades and is frequently praised for revolutionizing the natural beauty marketplace and shedding gentle on a longtime absence of inclusive and diverse products among earlier existing brand names.
The model also carries several other makeup goods, which includes statement-making lipsticks and vivid highlighting powders.
Rihanna also owns a 30% stake in her Savage x Fenty lingerie line, which gathered $550 million in earnings in 2020, according to Forbes. The enterprise also “lifted income at a $1 billion valuation in February 2021” the outlet said in June.
On top of that, Rihanna is the mastermind guiding Fenty Skin, which she released in 2020. Independent from Fenty Attractiveness, the label solely focuses on skincare necessities this kind of as experience cleansers, sunscreen, serum and far more.
The “Diamonds” singer also introduced a Fenty manner line in 2019 with parent-corporation LVMH. However, it was declared in 2021 that both get-togethers had mutually made the decision to conclude their partnership and shut down the enterprise.
The singer says she is philanthropically driven as well. In 2012, she begun the Clara Lionel Foundation, a nonprofit group that states it “supports and funds climate resilience and local climate justice projects in the U.S. and Caribbean,” according to its website.
“My revenue is not for me it is constantly the considered that I can enable anyone else,” Rihanna advised New York Times’ T Magazine in a 2019 job interview.
“The earth can definitely make you consider that the completely wrong issues are precedence, and it will make you seriously skip the core of daily life, what it signifies to be alive.”
On best of all her business ventures, the 34-yr-aged gave beginning to her initially youngster with boyfriend and rapper A$AP Rocky in May perhaps. She introduced the pregnancy in late January.
In addition to Rihanna, Jenner’s sister Kim Kardashian, 41, sits at quantity 16 on Forbes’ record of the country’s richest females, with a internet value of $1.8 billion. 20-4-12 months-old Jenner made this year’s list, too: With a internet worthy of of $600 million, the splendor mogul landed in the prime 50, at variety 41.
ABC News has reached out to Kylie Jenner for comment and will update this tale with a reaction.
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