Massive Net Worth Of Singer Rihanna Revealed By Forbes Billionaire List Along With Michael Lee-Chin

 

Forbes published Rihanna and Michael Lee-updated Chin’s net worth for their list of billionaires in 2022.

For the first time since becoming a billionaire, the 34-year-old singer and cosmetics mogul has made it onto Forbes’ annual billionaires list. Rihanna became a billionaire for the first time in 2021, with a net worth of $1.7 billion. The Fenty Beauty mogul’s new title is based on her music revenues as well as her successful fashion and beauty efforts under the Fenty Beauty brand.

Forbes claims that her Fenty Beauty stake, which she co-owns with luxury company LVMH, is the source of the majority of her riches. In 2020, that company generated $550 million in revenue.

Her 30 percent interest in Savage x Fenty, which raised $115 million in series B fundraising at a $1 billion valuation in early 2021, is another source of revenue.

None of her other titles, however, are as essential as the label of’mother.’ Rihanna is expecting her first child with rapper A$AP Rocky and is currently in her third trimester.

In a New York Times interview, she claimed she still marvels at the fact that she is the first Barbados billionaire.

“It’s tricky because it’s hard to even accept that’s where you’re at because I know where I’ve come from,” she said. “At the same time, it feels good to be able to inspire young women and boys, who like me, come from humble beginnings, who come from parents who are immigrants or who are immigrants themselves, to be able to do this.”

Rihanna is the second billionaire from the Caribbean to make the list. The first is Jamaican Michael Lee-Chin, who is still on the list as of Wednesday morning.

There are a total of 2,668 billionaires in the globe, including Michael Lee-Chin and Rihanna.

Lee-Chin is the chairman of the National Commercial Bank group, with a net worth of $1.9 billion, making him the 1,667th richest person on the list, ahead of Rihanna.

Meanwhile, with a net worth of $219 billion, tech tycoon Elon Musk, 50, is the world’s wealthiest individual.

With $171 billion, he is followed by Amazon’s Jeff Bezos, Bernard Arnault and his family, who own the LVMH luxury brand, Bernard Arnault and his family, who own the LVMH luxury brand, Bill Gates, co-founder of Microsoft, with $129 billion, and Warren Buffet, chairman of Berkshire Hathaway, with $118 billion.

Other billionaires on the list are Kanye West ($2 billion), his estranged wife Kim Kardashian ($1.8 billion), and Jay-Z ($1.4 billion); and first-timers Tyler Perry ($1 billion), Steven Spielberg ($3.7 billion), and Oprah Winfrey ($2.6 billion) round out the top celebs.