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Rihanna Emerges As America’s Youngest Self-Made Billionaire Woman Worth $1.4 Billion

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Rihanna Emerges As America’s Youngest Self-Made Billionaire Woman Worth $1.4 Billion

Rihanna Emerges As America’s Youngest Self-Made Billionaire Woman Worth $1.4 Billion

Rihanna Emerges As America’s Youngest Self-Made Billionaire Woman Worth $1.4 Billion.

Rihanna is now the youngest self-made billionaire woman in the US after accumulating a net worth of $1.4bn by age 34, knocking Kim Kardashian to second place. The 34-year-old pop singer made Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall. She’s the only billionaire under 40 on the list. The next-youngest billionaire on the Forbes list is Kardashian, 41, who has a net worth of $1.8 billion.

According to Forbes, the Barbados native is a billionaire due to the success of her cosmetics line, which she co-owns with French luxury retailer LVMH, and which “generated more than $550m in revenue in 2020”.

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.

The nine-time Grammy Award winner also owns 50 percent of Fenty Beauty, which launched in 2017 and brought in $550 million in revenue in 2020. French luxury fashion conglomerate LVMH owns the other half of the company.

360Hausa is a current Best Hausa Entertainment blog in Africa that specialized in providing you high quality content. 360Hausa was found and manage by Abubakar Yusuf Radda (B2 [D Promoter] Slayer). A Blogger, Ghost Writer & Content creator. Follow us on Social Media @360Hausa

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Kid Cudi Says It Would Take A “Miracle” For Him & Kanye West To Be Friends Again

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Kid Cudi Says It Would Take A "Miracle" For Him & Kanye West To Be Friends Again

Kid Cudi Says It Would Take A “Miracle” For Him & Kanye West To Be Friends Again.

Kid Cudi says that it would take a “miracle’ for him to mend his friendship with Kanye West. Contrasting his beef with Ye to that of Drake’s, Cudi explained in a new interview with Esquire that he won’t be making amends anytime soon.

The Man on the Moon rapper explained:  “With all due respect, I’m not Drake, who’s about to take a picture with him next week and be friends again, and their beef is squashed. That’s not me. What I say, I mean. I will be done with you. It’s gonna take a motherfucking miracle for me and that man to be friends again. I don’t see it happening. He gon’ have to become a monk.”

“The twisted thing is that I love him, but I love you so much that I can kick you the fuck out of my life and be done with your ass. ’Cause you are not good for me,” he said, before quoting philosopher Samantha Jones. “I love myself more. I love myself more.”

“I didn’t love myself all them years you knew me,” he continued. “I love myself more now, bro. I love myself way more.”

While the two artists were once longtime friends and frequent collaborators, earlier this year, Cudi found himself pulled into West’s drama with his ex-wife, Kim Kardashian, and her then-boyfriend, Pete Davidson. Things escalated when Cudi replaced West as the headliner at Rolling Loud, which resulted in fans throwing objects at Cudi throughout his performance until he stormed off stage. West later trolled Cudi over the incident on social media.

Elsewhere in the interview, Cudi reflects on aging in hip hop, his final conversation with the late Virgil Abloh, going to therapy, and more. Cudi’s next album, Entergalactic, is due out later this year.

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