Rihanna has replaced Kim Kardashian as the youngest self-made billionaire woman in the US.
The 34-year-old singer recently ranked 21st on Forbes‘ annual list of America’s wealthiest self-made women, making the list for the third year in a row. On the list, she is the only billionaire who is under 40.
Kardashian, 41, the second-youngest billionaire on the Forbes list, has a net worth of $1.8 billion.
The majority of Rihanna’s $1.4 billion net worth comes from her lucrative music career. The remainder comes from her business ventures, including Fenty Beauty, Fenty Skin, and Savage X Fenty.
Bloomberg reported in March that Rihanna’s Savage X Fenty lingerie company was working with advisors on an IPO. The company will be valued at $3 billion or more.
Additionally, the nine-time Grammy Award winner owns 50% of Fenty Beauty, generating $550 million in sales in 2020. The remaining stake in the company is held by the French luxury fashion conglomerate LVMH.