Rihanna is now the youngest self-made billionaire in the United States with a worth of $1.4 billion USD.
The 34-year-old artist and businesswoman was recently featured on Forbes‘ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall and being the only one on the list under the age of 40. Rihanna accumulated her fortune from her successful music career and entrepreneurial ventures, which includes Fenty Beauty, Fenty Skin and Savage X Fenty.
Bloomberg recently reported that Savage X Fenty lingerie was working with advisors on an initial public offering that could value Rihanna’s company at $3 billion or more. She owns 30% of the company. Savage X Fenty works with banks, including Goldman Sachs Group Inc. and Morgan Stanley. Rihanna also owns half of Fenty Beauty, which generated $550 USD million in revenue in 2020, while French luxury fashion conglomerate LVMH owns the other half.
While the outcome numbers are remarkable, Rihanna stated that her main focus wasn’t on valuations and commendations. In 2019, She told The New York Times, ”I never thought I’d make this much money, so a number is not going to stop me from working.”