A black woman is the youngest billionaire in America.
According to Forbes, Rihanna sits at an estimated net worth of $1.4 billion, becoming America’s youngest self-made Billionaire.
Billionaire Status
Last year in August, Rihanna reached billionaire status, thanks to her entrepreneurial endeavors over the years, beginning with Fenty Beauty, of which she owns half. The brand has swept makeup lovers off their feet since launching in 2017, landing on Sephora shelves before recently expanding to Ulta Beauty.
Nearly one year after launching her beauty empire, Rihanna reached new heights with the debut of her lingerie brand Savage Fenty, which she holds an estimated 30 percent stake valued at $270 million, according to Forbes. The company is valued at $1 Billion.
Rihanna says the money and praise makes her uncomfortable. She plans to use the money to improve the lives of others.
Forbes List
Rihanna shares the list with other well-known names like Beyoncé, who’s worth an estimated $450 million, and Oprah, who’s worth an estimated $2.6 billion. However, she is the only billionaire on the list under age 40 and ranked at No. 21.
Although impressive, Rihanna does not define her worth by her financial milestones. Instead, she is happiest about creating jobs for others and helping those closest to her.
“I never thought I’d make this much money, so a number is not going to stop me from working,” Rihanna previously said, according to The New York Times. “The money means that I can take care of my family. The money means that I can facilitate the businesses that I want to. I can create jobs for other people.”
