Continued from page 2

Young & Rich

Originally posted Thursday July 12, 2007 12:00 PM EDT

Photo by: Roberto D'Este / Island Def Jam

Rihanna

Singer, Age: 19

IN THE MONEY: The Barbados-bred singer topped the global charts in 2005 and 2006 and now has a new summer smash: the No. 1 single "Umbrella." Her latest CD, Good Girl Gone Bad, sold more than 200,000 copies its first two weeks out. While she's still under her initial multi-album contract with pal Jay-Z's Def Jam label, she also snagged six-figure endorsement deals with CoverGirl cosmetics and Venus razors.

SPEND OR SAVE?: "Both, actually," says Rihanna, who has two younger brothers. "I don't like to waste money. I buy things that I'm going to get my money's worth out of, things I'm going to use a lot. I like to splurge on makeup and shoes – Louboutins! My mom loves bags. I bought her a Fendi."