Popstar-turned-fashion mogul Rihanna has added yet another string to her impressively varied bow: America’s youngest self-made female billionaire.

The 34-year-old de-throned fellow A-lister Kim Kardashian, 41, to earn the title, after amassing an impressive net worth of $1.4 billion through her many ventures, including music, fashion, and beauty.

Her phenomenal financial success was first revealed in June, when Rihanna was featured in Forbes’ annual list of America’s richest self-made women, on which she was ranked 21st. She is the only woman under the age of 40 to feature in the line-up.

Kardashian previously landed the title of youngest self-made billionaire woman in 2021, when she was featured on Forbes’ list of billionaires, ranking 2,674th, having increased her fortune from $780 million to $1 billion between October 2020 and April 2021.

Rihanna’s newest claim to financial fame comes four months after Bloomberg revealed that the singer was working with advisers on taking her lingerie company, Savage X Fenty, public through an initial offering that would value the company at $3 billion.

Rihanna has de-throned Kim Kardashian, 41, to become America’s youngest-self made female billionaire after amassing a fortune of $1.4 billion at the age of 34, according to Forbes

While Rihanna shot to fame as a singer, the bulk of her wealth comes from her ventures in beauty and fashion; in March, it was revealed she was preparing to take her Savage X Fenty label public with an IPO that would value the company at $3 billion

The Umbrella singer also boasts a 50 per cent stake in her popular cosmetics line, Fenty Beauty, which is worth $2.8 billion

The company was understood to be working with banks like Goldman Sachs and Morgan Stanley to value its worth and gauge demand. A listing was expected to happen as soon as this year, but the company hadn’t yet made an official decision on when, or if, it will go public.

Rihanna officially became a billionaire last August – making her the richest female musician in the world and the second richest female entertainer after Oprah Winfrey.

The Umbrella songstress has racked up $1.4 billion throughout her decade-long career – the majority of which has come from her fashion brands and her skincare and cosmetics company Fenty Beauty, Forbes reported at the time.

It was claimed that the bulk of the popstar’s money comes not from her singing career, but from her 50 per cent stake in her acclaimed cosmetics line Fenty Beauty – a joint venture with French luxury goods conglomerate LVMH – which is now worth $2.8 billion in total.

Between that and her $270 million stake in her wildly successful Savage X Fenty lingerie line, combined with the profit she has made from her 16-year recording career as a chart-topping singer and actress, all make up the hitmaker’s massive wealth.

Rihanna has had plenty to celebrate in the last few months; as well as her business successes, the popstar also became a mother for the first time in May, when she welcomed a baby boy with her long-time friend-turned-fiance, ASAP Rocky.

Barbados-born Rihanna was discovered in 2003 in her home country by American record producer Evan Rogers, who sent her demo to Def Jam Recordings.

It eventually fell into the hands of Def Jam’s president Jay-Z, who invited her to come in and perform and instantly fell in love with Rihanna – and the rest is history.

She went on to become one of the best-selling music artists of all time – having currently sold more than 250 million records worldwide for her hits like Pon de Replay, Umbrella, SOS, Unfaithful, Good Girl Gone Bad, and Don’t Stop the Music, to name a few.

The bulk of the popstar’s money comes from her 50 per cent stake her cosmetics line Fenty Beauty and her $270 million stake in her Savage X Fenty lingerie line

But how exactly did Rihanna (pictured in 2011) go from a teen popstar to a billion-dollar businesswoman? FEMAIL has broken down her impressive career from start to finish

She also starred in a few movies and became a big name in the fashion industry for collaborating with brands like Armani, Dior, and Puma.

She put her music career on pause in 2017 to focus on her business ventures, launching an enormous cosmetics company called Fenty Beauty – which includes products like foundations, highlighters, bronzers, blush, and lip glosses, and has surpassed other celebrity cosmetics brands such as Kylie Cosmetics and KKW Beauty in sales.

A year later, she expanded the company with her Savage X Fenty lingerie brand, which sells underwear that comes in a variety of sizes to fit all kinds of people.

She has also released a luxury fashion house called Fenty and a skin care brand called Fenty Skin, and there’s rumors that she’s currently gearing up to release a line of hair-care products called Fenty Hair.

Rihanna’s endeavors have made her one of the most well-known stars in Hollywood, and have earned her more than a billion dollars along the way.

But how exactly did she go from a teen popstar to a billion-dollar businesswoman? FEMAIL has broken down her impressive career from start to finish.

Source:https://www.dailymail.co.uk