Rihanna Has Now Become The Youngest Self-Made Woman Billionaire In America

As AfroTech previously told you, Rihanna reached billionaire status in August of last year, 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. Most recently, Rihanna expanded her empire with the launch of Fenty Skin in 2021.

And of course, the rest of her fortune comes from what she’s made as a chart-topping musician and actress.

With no plans on slowing down, it is no wonder Rihanna has graced Forbes’ annual list of America’s richest self-made women for the third year in a row. She 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.”