The Skanner Information – Rihanna Listed by Forbes as World’s Youngest Self-Made Billionaire
In 2021, Rihanna achieved billionaire standing.
In 2022, Forbes acknowledged that the Barbadian magnificence now counts because the youngest self-made billionaire in America.
The 34-year-old, who lately gave start to her first youngster, ranked twenty first general within the newest Forbes listing of billionaires.
The singer and entrepreneur, whose Fenty Magnificence line counts among the many hottest on this planet, is the one billionaire beneath 40 on Forbes’ listing.
Earlier this yr, stories famous that Rihanna’s Savage X Fenty lingerie deliberate an preliminary public providing valued at about $3 billion. The megastar owns 30 % of Savage X Fenty and 50 % of Fenty Magnificence, reportedly producing $550 million in income in 2020.
The nine-time Grammy Award winner has said that she intends to extend her philanthropic efforts across the globe. “My cash just isn’t for me; it’s all the time the thought that I might help another person,” she informed the New York Occasions in 2021.
“The world can actually make you imagine that the incorrect issues are precedence, and it makes you actually miss the core of life, what it means to be alive.”
In 2021, Forbes estimated Rihanna’s web value at $1.7 billion, trailing solely Oprah Winfrey because the world’s richest entertainer. “Numerous girls felt there have been no strains on the market that catered to their pores and skin tone. It was mild, medium, medium-dark, darkish,” Shannon Coyne, co-founder of shopper merchandise consultancy Bluestock Advisors, informed Forbes about Rihanna’s profitable magnificence merchandise. “Everyone knows that’s not actuality. She was one of many first manufacturers that got here out and stated, ‘I wish to converse to all of these completely different folks.’”
Born Robyn Rihanna Fenty on February 20, 1988, in Saint Michael, Barbados, the tantalizing starlet delivered hit after hit with songs like “Umbrella,” “Impolite Boy,” and “Diamonds.”
With over 100 million social media followers, Rihanna’s followers have pleaded with their idol to ship new music. However along with her Fenty and Savage X Fenty enterprise white-hot, Rihanna seems to have settled in as an entrepreneur and enterprise magnate. Reducing offers with Puma in 2014, Dior in 2016, Fenty Magnificence in 2017, Savage X Fenty in 2018, and Fenty Pores and skin in 2020, Rihanna stored her enterprise targeted.
Forbes author Madeline Berg described Rihanna’s rise this fashion: “When Robyn Fenty, identified to the world as Rihanna, launched Fenty Magnificence in 2017, she sought to create a cosmetics firm that made “girls in every single place (really feel) included.” A maybe unintended consequence: The wonder line has helped her enter one of many world’s most unique ranks: Billionaire.” Berge concluded by offering commentary from Coyne, the guide. “She is making a model outdoors of herself. It’s not nearly Rihanna. Even in case you don’t like her music, she’s created an actual model within the vogue and sweetness house.”
