With $1.4 Billion Networth, 34YO Singer Rihanna Is America¡¯s Youngest Self-made Billionaire Woman

34-year-old singer, actress, fashion designer and businesswoman, Rihanna has become America¡¯s youngest self-made billionaire woman, as per Forbes 2022 list revealed last month.

Recently, she had graced Forbes¡¯ annual list of America¡¯s richest self-made women for the third year in a row. She ranked 21st overall and is the list¡¯s only billionaire under the age of 40.

Some of Rihanna¡¯s $1.4 billion net worth is from her successful music career. Most of it is from her three retail companies: Fenty Beauty, Fenty Skin and Savage X Fenty, as per a CNBC report.

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The next-youngest billionaire on Forbes¡¯ list is 41-year-old Kim Kardashian, who has a net worth of $1.8 billion. Kim and her sister Kylie Jenner, who at the age of 24 is the youngest non-billionaire on the list with a net worth of $600 million, have also found success in both entertainment and retail, including their respective makeup lines, the report stated.

On the Forbes¡¯ self-made women list of 2022, 75-year-old Diane Hendricks topped the list with a net worth of $12.2 billion. She is the co-founder and chairperson of ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America.

Coming back to America¡¯s youngest self-made billionaire woman Rihanna, she had reportedly told New York Times¡¯ T Magazine in 2019 that because she never planned on making a fortune, reaching financial milestones was ¡°not going to stop me from working.¡±

The nine-time Grammy Award winner also said she wants to give that money away to causes that matter, anyway. ¡°My money is not for me; it¡¯s always the thought that I can help someone else,¡± she said. ¡°The world can really make you believe that the wrong things are a priority, and it makes you really miss the core of life, what it means to be alive,¡± she had said, as per the CNBC report.

Also Read: This 25-YO College Dropout-turned-entrepreneur Is Forbes' New Youngest Self-made Billionaire

Rihanna¡¯s Philanthropy Fund

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In 2012, Rihanna started a philanthropy fund, the Clara Lionel Foundation (CLF). It aims to ¡°support and fund groundbreaking education and climate resilience initiatives,¡± according to its website.

One of its first initiatives, which launched a year after the foundation began, raised $60 million for women and children affected by HIV/AIDS through 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 groups.

That money is meant for organizations ¡°focused on and led by women, youth, Black, Indigenous, people of colour and LGBTQIA+ communities¡± in the U.S. and Caribbean, according to CLF¡¯s website.

¡°At the [CLF], much of the work is rooted in the understanding that climate disasters, which are growing in frequency and intensity, do not impact all communities equally, with communities of colour and island nations facing the brunt of climate change,¡± Rihanna said in a January statement.

Also Read: US To Cancel & Refund $6 Billion In Student Loans For 2 Lakh Borrowers Defrauded By Colleges

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