WCW Rihanna; From Bankruptcy To the Youngest Self Made Billionaire in the US

Robyn Rihanna Fenty needs no introduction, her impact in the entertainment, fashion and beauty industry is unparalleled, promoting confidence, inclusivity and body positivity.

Since the release of her debut album, Rihanna went on to sell more than 60 million albums and 215 million digital tracks, making her the second-best-selling digital artist of all time, reports Business Insider.

Rihanna first branched outside music to the world of entrepreneurship in 2014, when she joined forces with the giant sportswear brand Puma becoming the creative director.

She released her first FENTY X PUMA collection which featured a Creeper shoe that sold out within three hours, according to Footwear News.


That was just the first of many business ventures that culminated in her net worth becoming a whopping $1.4 BILLION.

Before the millions stacked up the songstress was on a downward spiral to financial ruin with her net worth dwindling from 50 Million dollars in 2007 to a paltry 2 Million dollars in 2009 according to Business Insider.

Her fall in income was attributed to mismanagement of funds and improper representation by her ex-accountant whom she later sued for managing funds incorrectly, keeping an unfair amount of profits, and not properly filing taxes, according to the HuffPost.

Rihanna went on to win the lawsuit against Berdon LLP in 2012, coming out on top with a $10 million settlement.

5years later she partnered with luxury conglomerate LVMH birthing 3 lucrative retail companies that is Fenty Beauty, Fenty Skin and Savage X Fenty in which Robin is the CEO and majority shareholder in all companies.

And that was the beginning of how Rihanna amassed her $1.4 billion net worth. The 34-year-old superstar made Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall.


She’s the only billionaire under 40 on the list, making her now the youngest SELF-MADE billionaire woman in the US!

The nine-time Grammy Award winner pledged to share her wealth and resources with causes that matter saying;
“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

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