American singers Rihanna, Beyoncé, and Taylor Swift are far ahead in their fantastic display of entrepreneurship. Not only in world music but in the year 2023 Forbes magazine’s prestigious list of self-made billionaires have also seen their strong presence. This year’s rankings showcase their remarkable achievements, reflecting their vast wealth and influence.
Celebrities such as singer Madonna, television personality Oprah Winfrey and Dolly Parton have also been added to this list, further establishing the identity of successful women.
Rihanna secured the 20th position ahead of her peers. She has got a ‘Self Made Score’ of 10. With an estimated net worth of $1.4 billion, she has contributed to her incredible success in the music and cosmetics industries.
Fenty Beauty, her cosmetics brand in collaboration with LVMH, doubled its revenue and made substantial profits. Also, Rihanna’s $1 billion ownership stake in Savage x Fenty lingerie has made her presence even stronger. Singer Swift is ranked 34th in this Forbes list. He has an income of 740 million dollars and a self-made score of eight.
Record-breaking music sales and musical tours have played a role in his financial success. Historically, she became the first artist in Billboard history to occupy the top 10 positions of the Billboard Hot 100. In addition, his Eras tour created a frenzy among fans, which crashed Ticketmaster’s system and led to a debate among US lawmakers about concert ticketing policies.
Meanwhile, legendary singer Beyoncé secured the 48th spot with an impressive self-made score of eight and $540 million. His three-decade-long career in music is the foundation of his extraordinary wealth. Notably, Beyoncé’s collaboration with fashion house Balmain is inspired by her critically acclaimed ‘Renshaw’ album.
The Forbes List of the Richest Self-Made Women also celebrates the achievements of other notable women in the entertainment industry. Celebrities like Oprah, Kim Kardashian, Kylie Jenner, Madonna, Celine Dion, Dolly Parton, Reese Witherspoon, Barbra Streisand, Serena Williams, and Shonda Rhimes have secured their place on this prestigious roster.