Forbes just released their ‘richest self-made women under 40 list,‘ and for the fifth consecutive year in a row, Kylie Jenner has been named as the youngest millionaire on the list, followed by Taylor Swift, and Rihanna.

 

 

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Below are Forbes’ ‘richest self-made women under 40.’

 

1. Kylie Jenner

Age: 24

Net worth: $600 million

Source of wealth: Cosmetics

Self-made score: 7

“Jenner, half-sister to Kim Kardashian and longtime member of the cast of the former TV show “Keeping Up With The Kardashians,” started her makeup business Kylie Cosmetics in 2015 with $250,000 earned from modeling and expanded it by marketing to her 110 million Instagram followers. In early 2020, she sold a 51% stake in the company to publicly-traded Coty for $600 million; Forbes estimates that she got $340 million after paying taxes. Last year they introduced paraben-free and vegan formulas, but the popularity of the product seems to have waned. That and the stock market plunge, which pushed down values for the cosmetics sector, led to Jenner’s fortune declining to an estimated $600 million this year, down from $620 million last year.”

 

 

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2. Lucy Guo

Age: 27

Net worth: $440 million

Source of wealth: Artificial intelligence

Self-made score: 8

3. Taylor Swift

Age: 32

Net worth: $570 million

Source of wealth: Music

Self-made score: 8

“The pop star, who has nearly 56 million monthly listeners on Spotify, made history in 2021 by notching four No. 1 albums in less than 16 months. She managed the feat by re-recording two of her early albums as Red (Taylor’s Version) and Fearless (Taylor’s Version), in response to the sale of her original catalog to a private-equity group without her knowledge. Swift has the rights to these new master recordings, allowing her to rebuild her catalog. The singer-songwriter still owns publishing rights to her early work, worth an estimated $200 million.”

 

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4. Whitney Wolfe Herd

Age: 32

Net worth: $740 million

Source of wealth: Dating app

Self-made score: 8

5. Rachel Carlson

Age: 33

Net worth: $500 million

Source of wealth: Online education

Self-made score: 8

 

6. Rihanna

Age: 34

Net worth: $1.4 billion

Source of wealth: Music and cosmetics

Self-made score: 10

 

 

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7. Maria Sharapova

Age: 35

Net worth: $220 million

Source of wealth: Tennis

Self-made score: 9

 

8. Neha Narkhede

Age: 37

Net worth: $490 million

Source of wealth: Software

Self-made score: 8

 

9. Huda Kattan

Age: 38

Net worth: $400 million

Source of wealth: Cosmetics

Self-made score: 9

“The chair of Huda Beauty is looking to expand her $200 million (est. 2021 revenue) cosmetics company by adding new skin care and fragrance lines. She sold a minority stake in the business to private equity firm TSG Consumer Partners in a 2017 deal that valued it at $1.2 billion.”

 

 

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10. Emma Grede

Age: 39

Net worth: $360 million

Source of wealth: Apparel

Self-made score: 9

 

11. Rachel Drori

Age: 39

Net worth: $350 million

Source of wealth: Meal delivery service

Self-made score: 8

 

 

Forbes also revealed their “America’s Richest Self-Made Women” list, which includes Sandra Bullock, Emma Grede, and Oprah.

 

 

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Click here for the full list.

Filed under: Forbes, Kylie Jenner, Rihanna, Taylor Swift