Rihanna replaces Kylie Jenner to be declared the youngest self-made billionaire as reality star's net worth PLUMMETS | The Sun

RIHANNA has surpassed Kylie Jenner as the youngest self-made woman millionaire, according to Forbes.

The 34-year-old earned the title as she ranked with a net worth of $1.4billion.




Forbes released their annual list of successful entrepreneurs, with Rihanna ranking in the top spot for the third consecutive year.

The new mom nabbed the 21st spot on the list overall and is the list's only billionaire under the age of 40.

A portion of the singer's fortunes is credited to her Grammy-award-winning career with hits such as "Umbrella" featuring Jay-Z and "Run This Town," another collaboration with the rapper and Kanye West.

A majority of her earnings, however, have been accumulated from her numerous retail brands: Fenty Beauty, Fenty Skin, and Savage X Fenty.

Meanwhile, 24-year-old Kylie used to hold the crown due to her multiple business ventures and impressive bank account.

The mom of two founded the makeup company Kylie Cosmetics started Kylie Baby and Kylie Skin and has many other collaborations under her belt.

In 2019, the makeup mogul was declared the youngest self-made billionaire, unseating Facebook founder Mark Zuckerberg, who earned the title at 23-years-old.

Kylie's billionaire status has since been scrubbed as a year later her net worth was documented to be only $900million.

Most read in TV

BACKLASH

Love Island hit by almost 800 Ofcom complaints in one month from furious fans

JUST PEACHY

Casa Amor girl Cheyanne’s 8 week body transformation before Love Island villa

COCO WHO

Casa Amor’s Coco looks unrecognisable before Love Island villa

'DOG PILED'

Love Island fans beg producers to step in as Casa Amor girls ‘gang up’ on lad

Forbes also reported that the reality star's paychecks were not as high as she claimed.

BUSTED

The publication accused the Hulu personality and her mother, Kris Jenner, 66, of lying about Kylie's net worth and earnings.

“Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe,” the magazine said in their report.

The mother-daughter duo was accused of submitting forged draft tax returns with inflated numbers to the magazine to better Kylie's odds for the cover.

“While we can’t prove that those documents were fake (though it’s likely), it’s clear that Kylie’s camp has been lying,” Forbes said.

At the time, the Keeping Up With the Kardashians alum acted unfazed by the claims in a series of tweets.

"what am i even waking up to. i thought this was a reputable site.." she wrote.

"all i see are a number of inaccurate statements and unproven assumptions lol. i’ve never asked for any title or tried to lie my way there EVER. period."

Representatives of Kylie and Kris later sent a letter to the publication, denying the accusations.

The letter read: "The accusations that the Jenners, and/or their accountants, falsified tax returns and then lied about their 2016 revenues for the last four years, are absolutely false."

'SIBLING RIVALRY'

Sources close to the famous family told The Post that their fame is motivated by "sibling rivalry," and they strive to surpass one another's fortunes.

“All the Kardashian girls are screaming for attention. Amongst the Kardashian-Jenner family, there’s always a discussion about which of the girls would be the most successful and who has the most talent," the insider said.

Read More On The Sun

I’m a mom of twins who are only half-sisters – even doctors are blown away

Kylie's half-sister Kim Kardashian, 41, made the Forbes cover in 2016, which was said to fuel the TV star's drive to perform better.

Kim, however, this year has come out in front with a whopping $1.8million net worth, while Kylie is reported to earn just $600million.



    Source: Read Full Article