According to Forbes, the new mom, entrepreneur and entertainer’s net worth is around $1.4 billion, and for the first time, the Barbados-native has ranked as the only self-made billionaire under 40 years old on the annual list coming in at No. 21.
While the majority of her wealth doesn’t stem from her popular music career, the nine-time Grammy award-winner credits her Fenty Beauty line, where she owns close to 50% of the company, which catapulted her into billionaire status.
“The cosmetics company, which she co-owns with French luxury retailer LVMH, generated more than $550 million in revenue in 2020,” Forbes reported. “Her stake in the fast-growing cosmetics company comprises the majority of her fortune.”
RiRi’s lingerie line Savage X Fenty has also added to her success after hitting a $1 billion valuation in February 2021.
Rihanna has been listed on Forbes’ Self-Made Women Billionaire list for three years in a row.
Source: bet.com