According toΒ Forbes,Β the worldΒ now has 2,668 billionaires with a collective net worth of $12.7 trillion. Last yearβs list hadΒ 2,755 billionaires with a total estimated net worth ofΒ $13.1 trillion. The publication reports the declineβthe largest drop since the 2009 financial crisisβwas due to sanctions on Russia, which lost one-third of its fortune following the collapse of the ruble.Β
RihannaΒ though has joined the prestigedΒ Forbesβ annual billionaires list for the first time in her career. The 34-year-old multi-hyphenateΒ officially reached billionaire statusΒ back in 2021 with an estimated net worth of $1.7 billion.Β Forbesβ Madeline Berg attributed Rihannaβs wealth not to her music outputs, but to her wildly successful ventures into fashion and beauty.
According to the publicationβs recent report, RiRiβs stake in her Fenty Beautyβthe fastest-growing cosmetics lineβmakes up the majority of her wealth. The company, which she co-owns with luxury conglomerate LVMH,Β reportedly racked in more thanΒ $550 million in revenue in 2020. She also has a 30 percent stake in her Savage x Fenty lingerie line, which raised approximately $115 million in series B fundingΒ at a $1 billion valuation in early 2021.
Other celebrities who made the list includeΒ Kanye WestΒ (No.Β 1,513 with $2 billion);Β Kim KardashianΒ (No. 1,645, $1.8 billion);Β Jay-ZΒ (No. 2,076,Β $1.4 billion);Β and Tyler Perry (No. 2,578,Β $1 billion);Β Steven Spielberg (No. 801,Β $3.7 billion); and Oprah Winfrey (No. 1,196, $2.6 billion.