{"id":28962,"date":"2022-07-05T12:39:47","date_gmt":"2022-07-05T12:39:47","guid":{"rendered":"https:\/\/mamardi.com\/rihanna-is-now-americas-youngest-self-made-billionaire\/"},"modified":"2022-07-05T12:39:48","modified_gmt":"2022-07-05T12:39:48","slug":"rihanna-is-now-americas-youngest-self-made-billionaire","status":"publish","type":"post","link":"https:\/\/mamardi.com\/rihanna-is-now-americas-youngest-self-made-billionaire\/","title":{"rendered":"Rihanna is now America&#8217;s youngest self-made billionaire"},"content":{"rendered":"<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>She\u2019s shining bright like a diamond.<\/p>\n<p>Rihanna is now the youngest self-made billionaire woman in the US \u2014 knocking Kim Kardashian to second place.<\/p>\n<p>The 34-year-old singer recently made Forbes\u2019 annual list of America\u2019s richest self-made women for the third year in a row, ranking 21st overall. She\u2019s the only billionaire under 40 on the list.<\/p>\n<p>The next-youngest billionaire on the Forbes list is Kardashian, 41, who has a net worth of $1.8 billion.<\/p>\n<p>Rihanna\u2019s net worth is now $1.4 billion, which is only partly from her successful music career. Most of it comes from her entrepreneurial endeavors, including Fenty Beauty, Fenty Skin and Savage X Fenty.<\/p>\n<p>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.\u00a0<\/p>\n<p>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.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption>Rihanna celebrates her beauty brands Fenty Beauty and Fenty Skin at Goya Studios on February 11, 2022, in Los Angeles, California.<\/figcaption><figcaption><span class=\"credit\">Mike Coppola\/Getty Images<\/span><\/figcaption><\/figure>\n<p>In 2012, the \u201cLove On The Brain\u201d singer started a philanthropy fund called the Clara Lionel Foundation (CLF), aiming to \u201csupport and fund groundbreaking education and climate resilience initiatives,\u201d according to the website.<\/p>\n<p>A year after the foundation was launched, the Fenty Beauty CEO held two lipstick campaigns with MAC Cosmetics, raising $60 million to benefit women and children affected by HIV\/AIDS. In February 2020, CLF was named one of the world\u2019s most innovative not-for-profit companies by Fast Company.\u00a0<\/p>\n<p>But Rihanna\u2019s main focus isn\u2019t the money \u2014 she\u2019s all about the \u201cwork, work, work, work, work, work.\u201d<\/p>\n<p>In 2019, she told The New York Times, \u201cI never thought I\u2019d make this much money, so a number is not going to stop me from working.\u201d<\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/nypost.com\/2022\/07\/05\/rihanna-is-now-americas-youngest-self-made-billionaire\/\" target=\"_blank\" rel=\"noopener\">Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>She\u2019s shining bright like a diamond. Rihanna is now the youngest self-made billionaire woman in the US \u2014 knocking Kim Kardashian to second place. The 34-year-old singer recently made Forbes\u2019 &hellip; <a href=\"https:\/\/mamardi.com\/rihanna-is-now-americas-youngest-self-made-billionaire\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":28963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[2018,247,101,3598,644,2966],"_links":{"self":[{"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/posts\/28962"}],"collection":[{"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/comments?post=28962"}],"version-history":[{"count":1,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/posts\/28962\/revisions"}],"predecessor-version":[{"id":28964,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/posts\/28962\/revisions\/28964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/media\/28963"}],"wp:attachment":[{"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/media?parent=28962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/categories?post=28962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mamardi.com\/wp-json\/wp\/v2\/tags?post=28962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}