Rihanna Dethrones Kylie Jenner as Youngest Woman Self-Made Billionaire

Rihanna is the youngest woman to be named on Forbes‘ annual listing of self-designed billionaire women in the U.S.—giving her a title after bestowed on Kylie Jenner, prior to it was unceremoniously snatched absent.

Barbados-born Rihanna, 34, launched what would come to be a hugely thriving pop vocation in the aughts, prior to likely on to develop on her fortune with her Fenty Elegance cosmetics line, which she co-owns with French luxury retailer LVMH.

In accordance to Forbes, the line produced much more than $550 million in revenue in 2020 by yourself, even though her Savage x Fenty lingerie line, in which she retains a 30 p.c stake, elevated revenue at a $1 billion valuation in February 2021.

Rihanna sits among the a host of businesswomen on the prestigious small business publication’s America’s Richest Self-Built Ladies listing, on which she seems in 21st place with a fortune of $1.4 billion.

Oprah Winfrey, 68, is 10th with $2.6 billion.

Rihanna, who has also released charity Clara Lionel Basis considering that hitting fame, spoke about her strategy to prosperity in a 2019 interview with the New York Moments‘ T Magazine.

“My funds is not for me it truly is generally the believed that I can assistance anyone else,” she stated. “The entire world can seriously make you believe that that the mistaken matters are precedence, and it would make you truly miss the core of life, what it means to be alive.”

The future youngest person to be named on Forbes‘ checklist is Kim Kardashian, 41, who sits in 16th position with a $1.8 billion fortune, many thanks in large section to her cosmetics and fragrance company, KKW Attractiveness, and her shapewear organization, Skims.

Nowhere to be found on the listing is Kardashian’s sister Jenner, who in 2020 was named on Forbes‘ World’s Youngest Billionaires list, only for the title to be taken absent amid the publication’s allegations of discrepancies on tax paperwork.

In 2019, Jenner offered her stake in the natural beauty model Kylie Cosmetics to the cosmetic company, Coty, for about $600 million, per The Hollywood Reporter. The dollars-out from the offer pushed Jenner’s fortune to billionaire standing and the natural beauty powerhouse was named by Forbes as the youngest billionaire at the age of 21.

But in 2020, a Forbes‘ expose recalculated the quantities and found discrepancies in Jenner’s web worth. The report examined earnings created ahead of and right after the pandemic struck. Jenner’s fortune was, at the time of the report, noted to be beneath $900 million, underneath the billionaire rating.

The organization publication accused Jenner, 24, of fudging the figures on the tax returns and generating Kylie Cosmetics bigger than what the brand name seriously was.

In response to the Forbes report, the Kylie Skin founder took to Twitter, the place she slammed the magazine for publishing what she called “inaccurate statements and unproven assumptions.”

Jenner’s lawyer, Michael Kump, produced an official assertion to People and referred to the Forbes’ posting as “grocery store tabloid.”

“It is unhappy that, of all points, Forbes has devoted 3 reporters to examine the influence of the coronavirus disaster on Kylie’s net well worth,” mentioned Kump.

While Jenner defended her fortune, Forbes stood by its reporting. Main Communications Officer Matt Hutchison explained in a statement on the publication’s web page: “Our reporters spotted the inaccuracies and expended months uncovering the details. We encourage the lawyer to re-examine the report.”