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Rihanna has joined Forbes’ annual billionaires listing for the primary time in her profession.
The 34-year-old multi-hyphenate formally reached billionaire standing again in 2021 with an estimated internet price of $1.7 billion. Forbes’ Madeline Berg attributed Rihanna’s wealth to not her music outputs, however to her wildly profitable ventures into style and wonder.
In keeping with the publication’s latest report, RiRi’s stake in her Fenty Magnificence—the fastest-growing cosmetics line—makes up the vast majority of her wealth. The corporate, which she co-owns with luxurious conglomerate LVMH, reportedly racked in additional than $550 million in income in 2020. She additionally has a 30 p.c stake in her Savage x Fenty lingerie line, which raised roughly $115 million in sequence B funding at a $1 billion valuation in early 2021.
Rihanna, who’s anticipating her first little one with ASAP Rocky, is reportedly the primary billionaire to return from Barbados. She spoke in regards to the milestone in September 2021 with the New York Occasions.
“It’s difficult as a result of it’s laborious to even settle for that’s the place you’re at as a result of I do know the place I’ve come from,” she stated. “On the similar time, it feels good to have the ability to encourage younger girls and boys, who like me, come from humble beginnings, who come from dad and mom who’re immigrants or who’re immigrants themselves, to have the ability to do that.”
In keeping with Forbes, the world now has 2,668 billionaires with a collective internet price of $12.7 trillion. (Rihanna was ranked No. 1,729.) Final 12 months’s listing had 2,755 billionaires with a complete estimated internet price of $13.1 trillion. The publication stories the decline—the biggest drop because the 2009 monetary disaster—was because of sanctions on Russia, which misplaced one-third of its fortune following the collapse of the ruble.
This 12 months’s listing was topped by tech mogul Elon Musk with an estimated internet price of $219 billion. Amazon founder Jeff Bezos slid to the No. 2 spot with $171 billion; LVMH proprietor Bernard Arnault adopted with $158 billion; whereas Invoice Gates and Warren Buffet rounded out the highest 5 with $129 billion and $118 billion, respectively.
Different celebrities who made the listing embrace Kanye West (No. 1,513 with $2 billion); Kim Kardashian (No. 1,645, $1.8 billion); Jay-Z (No. 2,076, $1.4 billion); and Tyler Perry (No. 2,578, $1 billion); Steven Spielberg (No. 801, $3.7 billion); and Oprah Winfrey (No. 1,196, $2.6 billion.
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