Rihanna overtakes Kim Kardashian as the youngest billionaire
The 34-year-old singer and founder of the fashion and beauty business empire Rihanna, who recently gave birth to her son, became America’s youngest female billionaire, earning $ 1.4 billion and moving the 41-year-old star Kim Kardashian from the first place.
Her phenomenal financial success first came to light in June when Rihanna was named to Forbes’ annual list of America’s richest self-made women, in which she was ranked 21st. She is the only woman under 40 in this ranking. Kardashian previously earned the title of the youngest female billionaire in 2021 when she was included in the Forbes Billionaires list at number 2674, increasing her net worth from $780 million to $1 billion between October 2020 and April 2021.
Four months ago, Rihanna consulted with professionals about taking her lingerie company Savage X Fenty public through an initial public offering that would value the company at $3 billion. The company was thought to be working with banks like Goldman Sachs and Morgan Stanley to price it. cost and demand. The listing was expected to take place as early as this year, but the company has yet to make a formal decision on when or if it will go public.
Rihanna officially became a billionaire last August, making her the richest female musician in the world and the second richest female artist after Oprah Winfrey. Much of her fortune comes from her fashion brands and skincare and cosmetics company Fenty Beauty. In the latter, she owns 50% of the shares, the second half – from the French luxury goods conglomerate LVMH.