Multiple Grammy award-winning pop star Rihanna has made her debut on Forbes’ Magazine annual list of America’s richest self-made entrepreneurs.
The list features the 100 richest self-made entrepreneurs, executives and entertainers in the U.S.
This year marks the sixth edition of the list and the women are worth a collective $90 billion. Their fortunes were calculated using stock prices from September 11, 2020.
Rihanna who is a first-timer on the list came in at number 33 with a net worth of $600 million.
According to Forbes, her cosmetics line Fenty Beauty had over $600 million in sales in 2019, while her Savage x Fenty lingerie line raised $50 million from investors. Lastly, RiRi’s charitable Clara Lionel Foundation raised $22.5 million for COVID-19 relief.
According to Forbes, Rihanna is also the world’s richest female musician.
Another notable newcomer on the list is Mother Monster, Lady Gaga with a net worth of $150 million. Next year may see Gaga’s net worth increase as there are talks that the “A Star Is Born” actress is being eyed for a role in an upcoming Marvel movie, which could provide another hefty stream of income.
Other female musicians on the list included Madonna ($550 million), Celine Dion ($455 million), Beyoncé ($420 million), Barbra Streisand ($400 million), Taylor Swift ($365 million) and Jennifer Lopez (#150 million).
Reality TV star and beauty business mogul Kylie Jenner may no longer be a billionaire, but at 23, she is still the youngest person on Forbes’ list of America’s Richest Self-Made Women.
Jenner, the only person on the list in her 20s, is worth $700 million, down $300 million since last year’s list. After publicly-traded Coty agreed to acquire a majority stake in Kylie Cosmetics in November 2019, Coty disclosed information that indicated Kylie Cosmetics had lower revenues than what the Kardashian-Jenner family had previously told Forbes. The pandemic has made things worse: Kylie Cosmetics reported a 48% drop in revenue for the first half of 2020, to $52 million.
