Contrary to previous reports, Rihanna has become the youngest self-made billionaire woman in America.
At 34 years old, the global celebrity was included on the prestigious Forbes list of America’s Richest Self-Made Women. This is her third year on the coveted list.
In addition to that, Rihanna is the youngest person on the list, as a billionaire under 40.
However, the nine-time Grammy winner didn’t become a billionaire through music.
The majority of her $1.4 billion net worth comes from her three companies: Fenty Beauty, Fenty Skin, and Savage X Fenty.
According to a Bloomberg report, Savage X Fenty — Rihanna’s lingerie line — was working on an IPO that could be valued at $3 billion! As well as being the brand’s spokesperson, she owns 30% of the company.
Nevertheless, fashion and beauty mogul Rihanna doesn’t seem to take too much interest in the fact she is the youngest self-made woman billionaire.
She never planned on making a fortune. Therefore, reaching financial milestones was “not going to stop me from working,” Rihanna told T Magazine in 2019.
America’s youngest self-made woman billionaire wants to give it away
Because of her humble beginnings in Barbados, Rihanna feels that she should give back financially.
“My money is not for me; it’s always the thought that I can help someone else. The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.”— Rihanna for CNBC, via The Federal
Rihanna even created her own foundation in 2012 — the Clara Lionel Foundation.
One of its first initiatives raised $60 million for women and children affected by HIV and AIDS.
In summary, someone like Rihanna becoming America’s youngest self-made female billionaire is refreshing.
She continues to work hard, make good entrepreneurial decisions, and give back — all at the same time.
All of the above are some 10X moves.