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Rihanna becomes America’s youngest self-made billionaire, worth $1.4 billion

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Rihanna becomes America’s youngest self-made billionaire, worth $1.4 billion

Eunice Oluwafunmilayo

Barbadian singer, Robyn Rihanna Fenty, better known as Rihanna with a net worth of $1.4 billion, has become the nation’s youngest self-made billionaire.

For the third year running, the 34-year-old singer and CEO of Fenty Beauty was included on Forbes’ annual list of the richest self-made women in America.

She came in at number 21 overall and is the only billionaire under 40 on the list. Rihanna has a $1.4 billion net worth, some of which comes from her lucrative music 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% owned by Rihanna.

READ ALSO: Nigerian celebrities graced Rihanna’s skincare launch in Lagos

She also owns 50 percent of the $550 million in revenue 2020 brand Fenty Beauty. The French luxury fashion behemoth LVMH (Mot Hennessy Louis Vuitton) owns the remaining fifty percent of the business.

The figures are amazing, but Rihanna has stated that honors and rankings are not what she is concerned with.

She told The New York Times in 2019: “T Magazine that because she never planned on making a fortune, reaching financial milestones was “not going to stop me from working.”

The nine-time Grammy Award winner also stated that she wants to donate the money to worthwhile causes.

“My money is not for me; it’s always the thought that I can help someone else,” she said. “The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.”

Rihanna established the Clara Lionel Foundation (CLF), a charitable organization in 2012, It aims to “support and fund groundbreaking education and climate resilience initiatives.”

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Angela Okorie Reveals Why She Burnt Outfit Worn to Alex Ekubo’s Burial

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Actress Angela Okorie Laments False Claims Of Wealth In Nollywood

Nollywood actress Angela Okorie has sparked fresh reactions online after revealing that she burnt the outfit she wore to the burial of late actor Alex Ekubo, following advice from her godmother.

The actress made the disclosure via her Instagram page, where she explained that she was instructed not to keep clothes worn to funeral ceremonies, describing it as a traditional belief passed down through her family.

SEE ALSO: I’m Bigger Than You And Your Career’ – Regina Daniels Drags Angela Okorie

According to her, the advice came from her godmother, who insisted that clothing worn to burials should be discarded or burnt after the event.

Angela said she chose to follow the instruction and decided to publicly share the practice with her followers.

“This is the outfit I wore to Alex’s burial. My Godmother said it is not good to have the cloth you wore to a burial around you; you burn them. So family and friends take note. I felt I should share this information. May the Lord keep and bless us with long life. Amen,” she wrote.

Her revelation has since generated mixed reactions across social media, with some users supporting the traditional belief while others questioned the necessity of burning clothing after funerals.

The actress, known for her outspoken personality and frequent online commentary, has continued to trend over her posts, which often stir public debate.

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Why I Wanted to Become a Reverend Sister — Beverly Osu

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Popular Nigerian actress, model, and reality TV star Beverly Osu has opened up about her childhood dream of becoming a Reverend Sister, revealing that she was once deeply drawn to the religious life because of her admiration for the discipline and appearance of Catholic clergy.

Speaking on the Creativtea Podcast, the actress reflected on her upbringing and strong Catholic background, noting that her early years were shaped by faith and religious values.

“I grew up in Lagos, in Surulere, and from Surulere I moved to Yaba, Ojuelegba. I am a Lagos girl,” Beverly said while recounting her childhood experiences.

ALSO SEE: Renowned American Singer, Frankie Beverly Passes Away

The former Big Brother Africa housemate disclosed that she attended Daughters of Divine Love Juniorate in Enugu and seriously considered dedicating her life to the Church.

“I was meant to be a Reverend Sister. I wanted to really be a Reverend Sister. Now, I am doing God’s work in other ways,” she said.

According to Beverly, her fascination with the religious vocation stemmed from the neatness, discipline, and appearance of priests and Reverend Sisters.

“I love how they dress. Because I am meticulous and very neat, I just loved how clean the priests and Reverend Sisters were. Literally, that was it,” she explained.

The actress also addressed the criticism that followed a previous photoshoot in which she dressed as a Reverend Sister, a move that generated widespread reactions on social media.

Beverly maintained that the photoshoot was purely artistic and not intended to offend anyone, stressing that many people misunderstood the concept behind it.

“I grew up in a very Catholic-oriented home. This is not just being Catholic in Africa, far and wide. People just read meaning to it. Nigerians just like to talk. It wasn’t a big deal. It was just arty,” she said.

Responding to claims that she is controversial, the actress insisted that she has never intentionally sought controversy or acted to provoke public reactions.

“I have never meant any harm. I have never done anything with the mindset to be controversial. I just came across the word ‘controversial’. People say I am controversial, but I am just being me,” Beverly added.

Her comments have sparked fresh conversations among fans, with many expressing surprise at her revelation that she once aspired to become a Reverend Sister before finding fame in the entertainment industry.

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Why Nigerians Think I’m Wicked — Patience Ozokwor Finally Reveals the Truth

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My Kids Begged Me Not To Remarry Says Patience Ozokwor

Veteran Nollywood actress Patience Ozokwor has opened up about the public perception that she is wicked in real life, explaining that the belief stems from the villainous roles she has played throughout her successful acting career.

Popularly known as “Mama G,” the 67-year-old actress said many Nigerians often struggle to separate her on-screen characters from her real personality.

SEE MORE: Patience Ozokwor Inspired Me To Stop Indecent Dressing – Mercy Johnson

Speaking during a recent video chat, Ozokwor stressed that the tough and controversial roles she portrays are meant to expose societal problems rather than define who she is as a person.

According to the veteran actress, she deliberately takes on challenging roles that reflect real-life issues, including family conflicts, oppression, and other social vices that many people prefer to ignore.

“I feel bold to expose the ills in society. Those things happen and nobody wants to expose them. I am exposing them,” she said.

Ozokwor noted that while she is often cast as a strict mother, troublesome mother-in-law, or other antagonistic characters, those roles are simply part of her profession as an actress.

The Nollywood icon emphasized that she is nothing like many of the characters she portrays on screen and urged fans to understand the difference between acting and reality.

“I am not like that, but I expose it. I am extremely proud of myself and Mama G lovers are proud of me,” she added.

The actress further explained that storytelling plays an important role in addressing societal issues and encouraging positive change.

She expressed satisfaction that many of her fans appreciate the deeper messages behind her performances rather than judging her based solely on the characters she plays.

Over the years, Patience Ozokwor has built a reputation as one of Nollywood’s most respected actresses, earning praise for her powerful performances and ability to bring complex characters to life.

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