Donate Now





Danilo LauriaCC BY-SA 3.0, via Wikimedia Commons

Just under a year after she first attained billionaire status Rihanna has reached another major career milestone, and unlike some on the list she joined — she did it her way.

The 34-year-old singer and entrepreneur, who recently welcomed her first child with rapper A$AP Rocky, is now the youngest self-made female billionaire in the country.

The news comes courtesy of ForbesRihanna's $1.4 billion fortune earned her the No. 21 spot on the magazine's recently released list of America’s richest self-made women.

It's how she made her money, however, that is perhaps most notable about the Barbados-born businesswoman.

On a list littered with those who acquired their wealth through inheritance, family companies, corporate malfeasance, and perhaps worse in some cases, Rihanna's self-made score from the publication was a lofty 10.

According to Forbes scores of six and above on their 10-point scale are indicative of someone who has built a company or established a fortune on his or her own. Rihanna's perfect score is for the self-made who not only grew up poor but also overcame significant obstacles.

While she has sold more than 60 million albums, Fenty Beauty (makeup) and Savage x Fenty (lingerie) are largely responsible for her wealth. Her 50% stake in Fenty Beauty accounts for the bulk of her fortune. Savage x Fenty, of which she owns 30% is worth about $270 million, and the rest of her earnings come from her heralded music career and stints as an actress.

About JG

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
Newer Post
Older Post

No comments:

Post a Comment