Congratulations to Rihanna!
The new mom was just named America’s youngest self-made billionaire. As reported by Forbes, the 34-year-old’s net worth is estimated to be around $1.4 billion and she was the only one who land a spot on the list under the age of 40.
Most of her wealth has come from her Fenty Beauty line, where she owns 50% of the company and helped make her a billionaire.
Forbes stated, “The cosmetics company, which she co-owns with French luxury retailer LVMH, generated more than $550 million in revenue in 2020. Her stake in the fast-growing cosmetics company comprises the majority of her fortune.”
The singer’s lingerie line “Savage X Fenty” has also played a part in her new status after it reached $1 billion in value in February 2021.
This is the third time that Rihanna has been on the Forbes’ Self-Made Women Billionaire list.