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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.”

Entertainment

Jnr Pope Stabbed Me In The Back Repeatedly – Yul Edochie

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Yul Edochie, a prominent Nigerian actor and film producer, has explained his absence from the funeral of fellow actor John Odonwodo, popularly known as Jnr Pope.

Edochie revealed that he refrained from attending due to alleged repeated betrayals by the deceased during his lifetime.

Odonwodo, who tragically lost his life at the age of 43 in a boat accident on April 10, was laid to rest last Friday in Enugu State.

Edochie addressed the matter on his Facebook page on Tuesday, explaining that he had chosen to keep silent about their relationship until persistent inquiries from fans prompted him to speak out.

He wrote, “I didn’t want to say anything till after his burial. I know many asked why I wasn’t there. I took him like a brother and good friend.

“I was there for him when needed me. But he stabbed me in the back, repeatedly. That’s Life.”

Following Yul Edochie’s revelations, netizens have linked his statements to a recent photo depicting his estranged wife, May Edochie, alongside the widow of the deceased during a condolence visit.

This connection has stirred diverse reactions online, with many questioning the timing of Yul’s disclosure.

Despite the speculation, Yul has hinted that he intends to disclose further details at a later time.

He added, “I’ll drop the full details soon so others can learn from it. Be careful what you wish people, it could come to you.”

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I Won’t Marry Man Who Can’t Afford A Cook, Cleaner – BBNaija’s Doyin

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Doyinsola Anuoluwapo David, popularly known as Doyin from the reality TV show Big Brother Naija, has made headlines with her recent declaration about her marital expectations.

On the latest episode of her podcast, “Doyin’s Corner,” the outspoken reality star asserted that she would not marry a man who could not afford domestic staff.

Doyin emphasised her stance by saying, “I hope that I would have a cook when I get married. Not even hope, I would have a cook when I get married, definitely.” She elaborated, “I will have somebody that will cook and clean. I’m not going to marry a man that cannot afford a cook. Because I’m going to be working. There’s no way I’m going to come back from work to cook and clean. That’s not going to happen.”

This statement has sparked considerable debate, reflecting Doyin’s ongoing controversial presence in the media. Her views on domestic responsibilities continue to challenge traditional expectations, aligning with her previous comments on women and household roles.

In the same development, BBNaija stars have also been vocal about their personal lives and views on relationships.

BBNaija’s Sheggz recently commented on the disrespect he perceives when men split bills with their partners.

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Singer Spryo Admits He Avoids Being Alone With Nengi

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Nigerian singer, Oludipe Oluwasanmi David, known professionally as Spryo, has openly expressed his admiration for Big Brother Naija star Nengi Hampson, while humourously revealing why he avoids being alone with her.

In a recent Instagram post, Spryo recounted an interview where he was asked which female celebrity he would avoid being alone with.

He named Nengi, jokingly stating that he tries not to act like Jesus but as His follower, he steers clear of temptation.

Spryo wrote, “An interviewer recently asked me, which female in this industry would you never allow yourself to be left in a room with? Guess who I named? That would be Nengi. I don’t like to pretend to be like Jesus, I am just His follower, not Him. So, I flee from every appearance of Nengi to avoid getting into trouble.”

He further recalled an encounter with her at a show where she sat opposite him. The “Who Is Your Guy” singer admitted that he had to continuously rebuke the devil in his mind until he eventually left the venue.

“Humnnn… I saw her at a show; she sat right opposite me and I kept rebuking the devil to leave my head until I had to run,” he added.

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