Kim Kardashian was America’s youngest self-made billionaire but she’s no longer reigning as Rihanna has kicked her off that throne. Currently, Rihanna is America’s youngest self-made billionaire after her net worth hit $1.4 billion Congratulations to RiRi!
Maxim got the details;
Rihanna has set a high bar in her debut year on the Forbes World’s Billionaires list.
At 34, the nine-time Grammy winner and beauty brand proprietor has been named as the the youngest self-made billionaire in the U.S. with a net worth of $1.4 billion. She takes the title from 41-year-old Kim Kardashian, who has a net worth of $1.8 billion. Both also appear on Forbes’ list of Twitter’s most-followed billionaires, which Rihanna leads.
As Forbes notes, Rihanna’s immense fortune was made in music career and her entrepreneurial endeavors. Her biggest brand is Fenty Beauty, which is co-owned by French luxury retailer LVMH and generated $550 million in 2020. She also has a 30 percent stake in Savage x Fenty lingerie, which had a $1 billion valuation in 2021.
Being Barbados’ first billionaire apparently hasn’t gone to Rihanna’s head, though. And massive amounts of cash won’t keep Rihanna from “work, work, work”-ing, either.
“I never thought I’d make this much money,” she told the New York Times in 2019. “So a number is not going to stop me from working.”
I don’t think any Kim K or Rihanna will have to worry about cash any time soon. The key is always proper investments and understanding your brand. As you can see Kim and Rihanna don’t own a 100% of a lot of the things that have their name attached to it, but their name has so much power it allows them to print money while someone else does all the behind the scenes work.
RiRi and Kimmy don’t have to worry about payroll, someone is handling all that. They just have to look pretty in the lingerie.
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