Rihanna is now formally the youngest self-designed billionaire, according to Forbes.
For its yearly record of the country’s richest self-manufactured females, which debuted in June, Forbes named the Fenty Magnificence founder the youngest self-produced billionaire woman, a title earlier given to truth star and businesswoman Kylie Jenner.
Jenner, then 21, was named the youngest-at any time self-manufactured billionaire in 2019 — surpassing Facebook founder Mark Zuckerberg, who gained the title at 23 — but Forbes afterwards revoked that title, releasing an short article saying that the truth star and natural beauty business owner’s billionaire standing and fiscal documents, on which her title relied, had been skewed.
At the time, Jenner and her attorney claimed Forbes’ retraction was inappropriate and the outlet’s statements about Jenner’s finances — as properly as those of her company, Kylie Cosmetics — have been untrue.
Forbes stood by its reporting, telling E! News in Could 2020 that its “extensively-reported investigation was activated by newly-submitted paperwork that discovered evident discrepancies involving facts privately supplied to journalists and details publicly provided to shareholders.”
“Our reporters spotted the inaccuracies and expended months uncovering the details,” the outlet said.
With a net worth of $1.4 billion, in accordance to Forbes, Rihanna has now been elevated by way of her new music — which consists of Billboard chart-topping like “Umbrella, “Disturbia” and “Impolite Boy” — and quite a few entrepreneurial ventures to the best location amongst females.
The 34-12 months-outdated entertainer is the CEO and co-proprietor, along with luxurious merchandise conglomerate LVMH, of her Fenty Natural beauty cosmetics line, which manufactured major headlines in 2017 for developing around 40 basis shades to align with a huge variety of pores and skin tones. Nowadays, the brand name has 50 boundary-breaking shades and is often praised for revolutionizing the attractiveness field and shedding gentle on a longtime lack of inclusive and numerous items among the previously current brands.
The manufacturer also carries numerous other make-up items, together with statement-earning 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 business also “elevated funds at a $1 billion valuation in February 2021” the outlet stated in June.
Moreover, Rihanna is the mastermind driving Fenty Pores and skin, which she launched in 2020. Individual from Fenty Splendor, the label only focuses on skincare necessities this kind of as deal with cleansers, sunscreen, serum and extra.
The “Diamonds” singer also launched a Fenty fashion line in 2019 with parent-corporation LVMH. However, it was declared in 2021 that both parties had mutually decided to finish their partnership and shut down the business.
The singer says she is philanthropically pushed as properly. In 2012, she started off the Clara Lionel Basis, a nonprofit corporation that states it “supports and resources weather resilience and weather justice jobs in the U.S. and Caribbean,” in accordance to its internet site.
“My dollars is not for me it’s normally the believed that I can enable a person else,” Rihanna informed New York Times’ T Magazine in a 2019 interview.
“The entire world can truly make you think that the improper things are precedence, and it will make you seriously overlook the main of existence, what it usually means to be alive.”
On best of all her business ventures, the 34-calendar year-outdated gave start to her 1st kid with boyfriend and rapper A$AP Rocky in Might. She announced the being pregnant in late January.
In addition to Rihanna, Jenner’s sister Kim Kardashian, 41, sits at variety 16 on Forbes’ checklist of the country’s richest girls, with a web really worth of $1.8 billion. 20-4-year-old Jenner created this year’s list, also: With a internet really worth of $600 million, the natural beauty mogul landed in the top 50, at amount 41.
ABC News has attained out to Kylie Jenner for remark and will update this story with a reaction.