Forbes’ richest self-made women under 40 list includes Rihanna, Beyoncé, and Serena Williams

The women are recognized by 'Forbes' for making millions from their own efforts

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Black women are some of the wealthiest members of this year’s Forbes Richest Self-Made Women Under 40 List.

Last year Robyn “Rihanna” Fenty was certified by Forbes as the wealthiest female musician in the world. And now, with a net worth of $600M, Rihanna, 32, has made Forbes’ Richest Self-Made Women Under 40 list for the first time.

Read More: Serena Williams on money management: ‘When you work hard, you reap the benefits’

Most of Rihanna’s wealth lies in her cosmetics line, Fenty Beauty (a venture with luxury goods group LVMH), and her Savage x Fenty lingerie line, which is co-owned by Techstyle Fashion Company.

“We have this amazing emotional connection with customers who’ve never been able to find their shade of foundation before,” Rihanna told Vogue in 2017. “Seeing women crying at the makeup counter, it’s crazy to even think about.”

Rihanna is also making a huge difference with her charitable organization, Clara Lionel Foundation, which has donated $22.5M this year just for coronavirus relief.

Beyonce and Rihanna early on into amassing their self-made fortunes. (Getty Images)

Beyoncé Knowles Carter, 39, made the list with a net worth of $420M – a $20M increase since last year. Last month, after partnering with the NAACP, Beyonce donated $1M to assist Black-owned small businesses. According to Forbes, Beyoncé was the first Black woman to headline the Coachella festival, and her performance was the most-ever streamed Coachella Video on YouTube.

The Houston native’s Ivy Park partnership with Adidas and her voicing of Nala for the live-action Lion King remake also contributed to her wealth.

Tennis icon Serena Williams, 39, joins her music peers with a net worth of $225M. Prize money from the numerous titles Williams has won throughout her career has played an important role in her wealth. Additionally, her fashion line, ‘S by Serena’, and her numerous endorsements have also added to her bottom line.

Read More: A ‘WAP’ for your financial prosperity: ‘Wealth, Assets and Property’

The Forbes list features 13 women under 40 and also includes entertainers Taylor Swift and Lady Gaga, retired tennis star Maria Sharapova, and reality stars Kylie Jenner and Kim Kardashian West.

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