Rihanna is the youngest woman to be named on Forbes‘ annual checklist of self-produced billionaire gals in the U.S.—giving her a title when bestowed upon Kylie Jenner, ahead of it was unceremoniously snatched absent.
Barbados-born Rihanna, 34, launched what would come to be a massively thriving pop vocation in the aughts, just before going on to grow on her fortune with her Fenty Splendor cosmetics line, which she co-owns with French luxury retailer LVMH.
According to Forbes, the line generated far more than $550 million in income in 2020 by itself, although her Savage x Fenty lingerie line, in which she retains a 30 percent stake, lifted money at a $1 billion valuation in February 2021.
Rihanna sits amid a host of businesswomen on the prestigious company publication’s America’s Richest Self-Made Women of all ages checklist, on which she appears in 21st placement with a fortune of $1.4 billion.
Oprah Winfrey, 68, is 10th with $2.6 billion.
Rihanna, who has also released charity Clara Lionel Foundation considering that hitting fame, spoke about her strategy to prosperity in a 2019 job interview with the New York Occasions‘ T Journal.
“My dollars is not for me it’s always the imagined that I can support a person else,” she stated. “The planet can actually make you believe that the mistaken items are priority, and it would make you actually miss out on the core of lifestyle, what it implies to be alive.”
The future youngest man or woman to be named on Forbes‘ listing is Kim Kardashian, 41, who sits in 16th situation with a $1.8 billion fortune, thanks in substantial section to her cosmetics and fragrance firm, KKW Attractiveness, and her shapewear business, Skims.
Nowhere to be identified on the checklist is Kardashian’s sister Jenner, who in 2020 was named on Forbes‘ World’s Youngest Billionaires list, only for the title to be taken away amid the publication’s allegations of discrepancies on tax files.
In 2019, Jenner bought her stake in the splendor brand name Kylie Cosmetics to the cosmetic corporation, Coty, for about $600 million, for each The Hollywood Reporter. The hard cash-out from the deal pushed Jenner’s fortune to billionaire standing and the splendor powerhouse was named by Forbes as the youngest billionaire at the age of 21.
But in 2020, a Forbes‘ expose recalculated the figures and observed discrepancies in Jenner’s net worth. The report examined income created in advance of and soon after the pandemic struck. Jenner’s fortune was, at the time of the short article, claimed to be below $900 million, beneath the billionaire ranking.
The business enterprise publication accused Jenner, 24, of fudging the numbers on the tax returns and creating Kylie Cosmetics bigger than what the model truly was.
In reaction to the Forbes report, the Kylie Pores and skin founder took to Twitter, wherever she slammed the journal for publishing what she identified as “inaccurate statements and unproven assumptions.”
Jenner’s lawyer, Michael Kump, unveiled an official statement to Persons and referred to the Forbes’ short article as “supermarket tabloid.”
“It is unhappy that, of all items, Forbes has devoted a few reporters to investigate the impact of the coronavirus disaster on Kylie’s web well worth,” mentioned Kump.
Whilst Jenner defended her fortune, Forbes stood by its reporting. Chief Communications Officer Matt Hutchison reported in a assertion on the publication’s web page: “Our reporters noticed the inaccuracies and invested months uncovering the details. We inspire the lawyer to re-go through the report.”