Celebrity

Rihanna Now Reportedly Worth $1.4 Billion, Making Her America’s Youngest Self-made Female Billionaire

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4 years ago

July 5, 2022

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Robyn Rihanna popularly known as Rihanna is a 34-year-old Barbados-American musician and CEO of Fenty Beauty.

The singer appeared on Forbes’ annual list of America’s Richest Self-Made Women for the third time, three years in a roll.

Rihanna completed as the 21st overall and is currently the only billionaire on the under-40 list.

A portion of Rihanna’s net worth of $1.4 billion comes from her successful music career.

While a larger portion of it comes from her three retail companies: FentyBeauty, Fenty Skin, and Savage X Fenty.

Savage X Fenty Lingerie is reportedly working on an IPO that could be valued at $3 billion.

In 2019, she told The New York Times Magazine that reaching financial milestones wouldn’t stop her from working as she never intended to make a fortune.

The nine-time Grammy winner also said she plans to donate that money to causes that matter anyway.

Rihanna said:

“My money is not for me; it’s always the thought that I can help someone else.
The world can make you believe that the wrong things are a priority, and it makes you miss the core of life, what it means to be alive.”

Rihanna established a philanthropy fund, the Clara Lionel Foundation (CLF) in 2012.

Its goal is to finance and fund innovative education and climate resilience initiatives, according to its website.

One of her first initiatives, launched a year after the foundation’s inception, raised $60 million for women and children affected by HIV/AIDS through the sale of the singer’s lipstick line with MAC Cosmetics.

This money goes to organizations hosted and led by women, youth, Native America, Black, and LGBTQIA+ communities across the United States and the Caribbean, according to the CLF website.

Some time in January, Rihanna emphasized weather catastrophes.

At [CLF], much of the work is based on the awareness that climate-related catastrophes, which are increasing in frequency and intensity, do not affect all communities equally, with communities of color and island nations bearing the brunt of climate change,
This was reported by CNBC reported