The Barbadian singer, born Robyn Rihanna Fenty, earned the distinction at the age of 34 after building a business empire that extends beyond her successful music career.
According to Forbes' 2022 list of America's Richest Self-Made Women, Rihanna ranked 21st overall and was the only woman under 40 on the list with billionaire status.
While Fenty Beauty “comprises the majority of her fortune,” it is far
from Rihanna’s only source of income, as the outlet notes that the
nine-time Grammy winner also earns a significant amount from her music
career and her lingerie brand, Savage x Fenty, which “raised money at a
$1bn valuation in February 2021”.
Rihanna currently has a 30 per cent
stake in the company.
As for her status as a self-made billionaire, Forbes has given Rihanna a
“self-made score” of 10, a ranking the outlet explains ranges from one
to 10 and indicates how much of one’s fortune they have inherited or
built on their own.
According to Forbes, a ranking of one through five indicates “someone
who inherited some or all of his or her fortune,” while scores six
through 10 “are for those who built their company or established a
fortune on his or her own”.
The entrepreneur, who is the only billionaire under 40 on this year’s
list, is likely to continue building her empire, as she previously
told The New York Times that a “number is not going to stop” her from
continuing to work.
“I never thought I’d make this much money, so a number is not going to
stop me from working,” Rihanna told the outlet in 2019.
In March, Bloomberg reported Savage X Fenty lingerie company was working
with advisors on an initial public offering that could value the
company at $3 billion or more. Rihanna owns 30 percent of that company.
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