Rihanna is now really worth $1.4 bn; making her America’s youngest self-made billionaire lady
Source:aveaonetv
Rihanna launched Fenty Beauty in 2017
The youngest self-made billionaire female inside the US didn’t develop up in a Manhattan excessive upward push or the Hollywood Hills.
Instead, Rihanna collected her fortune from her very own music and entrepreneurial ventures.
Recently, the 34-12 months-old singer and Fenty Beauty CEO graced Forbes’ annual listing of America’s richest self-made women for the 1/3 year in a row.
She ranked twenty first universal, and is the listing’s simplest billionaire underneath age forty. Some of Rihanna’s $1.Four billion internet really worth is from her successful song profession. Most of it's miles from her three retail groups: Fenty Beauty, Fenty Skin and Savage X Fenty.
In March, Bloomberg stated Savage X Fenty underwear become running with advisors on an IPO that might probably be worth $three billion.
Rihanna owns 30% of that employer. She additionally owns 1/2 of Fenty Beauty, which generated $550 million in sales in 2020. The different half of the corporation is owned through French luxurious style conglomerate LVMH.
The numbers are staggering, but Rihanna has said that her attention isn’t on valuations and accolades. In 2019, she informed The New York Times’ T Magazine that due to the fact she in no way planned on making a fortune, achieving monetary milestones changed into “now not going to prevent me from working.”
The nine-time Grammy Award winner additionally stated she desires to provide that money away to causes that count number, anyway. “My money is not for me; it’s constantly the thought that I can help someone else,” she said. “The global can virtually make you agree with that the wrong things are priority, and it makes you surely leave out the center of life, what it manner to be alive.”
In 2012, Rihanna started out a philanthropy fund, the Clara Lionel Foundation (CLF). It goals to “guide and fund groundbreaking training and weather resilience projects,” according to its internet site.
One of its first initiatives, which released a 12 months after the inspiration commenced, raised $60 million for women and youngsters suffering from HIV/AIDS via sales from the singer’s lipstick line with MAC Cosmetics. And in January, CLF paired up with Twitter co-founder Jack Dorsey’s #SmartSmall initiative to donate a combined $15 million to 18 different climate justice organizations.
That cash is supposed for corporations “targeted on and led via ladies, young people, Black, Indigenous, people of shade and LGBTQIA+ groups” inside the U.S. And Caribbean, in step with CLF’s website.
“At the [CLF], a whole lot of the work is rooted inside the understanding that weather disasters, which might be growing in frequency and intensity, do no longer impact all groups equally, with groups of color and island nations dealing with the brunt of climate exchange,” Rihanna stated in a January statement.
The next-youngest billionaire on Forbes’ listing is forty one-yr-antique Kim Kardashian, who has a internet worth of $1.8 billion. Kardashian and her sister Kylie Jenner – who, at age 24, is the youngest non-billionaire at the list, with a internet worth of $600 million – have also located success in each enjoyment and retail, including their respective makeup strains.
#aveaonetv
#hylightnewsgh
#UEgraphics