Rihanna has beaten out Kim Kardashian for the title of youngest self-made female billionaire.
Driving the news: The “Diamonds” singer “has made Forbes’ annual list of America’s richest self-made women for the third year in a row and ranks an impressive 21st overall,” Glamour reports.
While the 41-year-old Kardashian has a higher net worth, Rihanna took the spot for youngest self-made billionaire woman at just 34 years old, with a net worth of $1.4 billion.Rihanna is the only woman on the list under 40.
Rihanna attends an event for her lingerie line Savage X Fenty at the Westin Bonaventure Hotel in Los Angeles on on Aug. 28, 2021. Rihanna has beaten out Kim Kardashian for the title of youngest self-made female billionaire.
Jordan Strauss, Invision via Associated Press
Kim Kardashian allegedly damaged this $4.8 million Marilyn Monroe dress
Is Kim Kardashian promoting disordered eating after losing 16 pounds in 3 weeks?
Billionaire fashion mogul Rihanna is pregnant
What they’re saying: According to CNBC, Rihanna’s massive net worth stems mostly from her three retail companies — Fenty Beauty, Fenty Skin and Savage X Fenty — rather than her music career.
The singer owns 50% of the cosmetic line Fenty Beauty, which generated a whopping $550 million in revenue in 2020, per Glamour.
Rihanna also owns a 30% stake in lingerie company Savage X Fenty, which is said to be valued at $1 billion as of February 2021, per Newsweek.
While the Barbados-born celebrity has achieved massive financial success, she says her riches haven’t decreased her drive. “I never thought I’d make this much money, so a number is not going to stop me from working,” Rihanna said in 2019, per Fox Business.
Rihanna has also said she wants to use her money for a good cause. “My money is not for me; it’s always the thought that I can help someone else,” she said, per CNBC. “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.”