Rihanna has officially joined the billionaire ‘gang’ as the youngest self-made billionaire

Rihanna, singer and CEO of Fenty Beauty, just made Forbes' annual ranking of the richest self-made women in America for the third year running. She came in at number 21 overall and is the only billionaire under 40 on the list.

The 34-year-old has a $1.4 billion net worth, part of which comes from her lucrative singing career. Her three retail businesses, Fenty Beauty, Fenty Skin, and Savage X Fenty, account for the most of it.

According to a March Bloomberg article, Savage X Fenty underwear was collaborating with consultants on a potential $3 billion initial public offering (IPO). That business is 30 percent owned by Rihanna. She also owns 50 percent of the $550 million brand Fenty Beauty. The French luxury fashion corporation LVMH owns the remaining fifty percent of the business.

The list's top spot goes to millionaire Diane Hendricks, who owns a business that sells building supplies and roofing. Sales at ABC Supply, which she cofounded with her husband Ken (d. 2007), increased to $15 billion in 2021 as a function of the residential development boom. Her wealth increased from $11 billion to an estimated $12.2 billion in just one year.

Other female celebrities who made it to be 2022 self-made Forbes list include Reese Witherspoon ($430 million), Serena Williams ($260 million), Sandra Bullock ($225 million), Madonna ($575 million), Kris Jenner ($230 million), Taylor Swift ($570 million), Beyoncé ($450 million), Kim Kardashian ($1.8 billion), and Kylie Jenner ($600 million), and others.

Although the figures are outstanding, Rihanna has stated that she doesn't place much importance on ratings and recognition. She stated in 2019 that she never intended to become wealthy and that achieving financial success wasn't going to prevent her from working even harder.

The singer also stated that she intends to donate the money to worthwhile projects She always has the mindset that she can benefit others with her money. She emphasized that the world can seriously convince "you that the wrong things are priority", and it may seriously cause a person to miss the essence of life.

In 2012, Rihanna established the Clara Lionel Foundation, a charitable organization. According to its website, the foundation intends to promote and finance "ground-breaking" educational and "climate resilience initiatives"

Sales from the Rihanna's lipstick collection with MAC Cosmetics were one of its first projects, which debuted a year after founding the CLF. The initiative successfully raised $60 million for women and children affected by HIV/AIDS. And in January, CLF collaborated with Jack Dorsey, co-founder of Twitter, on the #SmartSmall campaign to contribute a total of $15 million to 18 different climate equity organizations.

‘The joy of motherhood’

Rihanna welcomed her first kid, a boy, with A$AP Rocky in May, adding "mother" to her extensive list of achievements. She  first made her pregnancy public at the end of January. Since then, the singer has been producing outfits of runway-ready looks at Milan Fashion Week, Paris Fashion Week, and other events, boosting maternity style.