Celebrity News

Rihanna is America’s Youngest Self-Made Billionaire

Forbes recently unveiled its 2022 list of “America’s Richest Self-Made Women,” the publication’s annual ranking of the nation’s most financially successful women entrepreneurs, executives, entertainers and more.

No. 21 on the list is 34-year-old Rihanna, the youngest on the entire tally to have a net worth of more than one billion dollars. Her $1.4 billion comes primarily from the success of her cosmetics line, Fenty Beauty, according to Forbes. “She also has a 30% stake in the Savage x Fenty lingerie line, which raised money at a $1 billion valuation in February 2021,” the site also mentions. RiRi is said to be Barbados’ first billionaire, and in April, was announced as the world’s richest female musician.
The star who welcomed her first child with ASAP Rocky garnered wealth through her music career and other business including Fenty Beauty, Fenty Skin and Savage X Fenty.

Rihanna's Fenty Beauty

Bloomberg recently reported that Savage X Fenty lingerie was working with advisors on an initial public offering that could value Rihanna’s company at $3 billion or more. She owns 30% of the company. Savage X Fenty works with banks, including Goldman Sachs Group Inc. and Morgan Stanley. Rihanna also owns half of Fenty Beauty, which generated $550 USD million in revenue in 2020, while French luxury fashion conglomerate LVMH owns the other half.

Source: billboard

In other news – Multi-talented DJ Zinhle is now a website designer

DJ Zinhle got jaws dropping after revealing that she’s a website designer. The businesswoman made the revelation after a fan applauded the layout of the site.

DJ Zinhle

I take that very seriously and that’s why I designed and run the website myself. Thank you,” she responded. Learn more

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