SingerRihanna has officially become a billionaire at the age of 33, with a net worth of $1.7 billion.
According to Forbes, American Singer, Rihanna, is now worth an estimated $1.7 billion (£1.2 billion), making her the world’s second-wealthiest female entertainer.
the Umbrella hitmaker, 33, is now worth an estiated $1.7 billion (£1.2 billion), giving her the world’s second wealthiest female artist behind Oprah Winfrey, who is worth $2.7 billion (£1.9 billion).
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The majority of the popstar’s riches ($1.4 billion £1billion) is said to come from her 50 percent interest in her acclaimed cosmetics line Fenty Beauty, which is valued $2.8 billion (£2 billion) and is a joint venture with French luxury goods company LVMH.
Her $270million (£190million) stake in the wildly successful Savage X Fenty lingerie line and her wealth from her 16 year recording career all make up the mogul’s mass wealth.
Rihanna established the popular beauty brand Fenty Beauty in 2017 with the goal of “making women everywhere (feel) included.”
Read official statement Forbes shared on its official Instagram page below,
When Robyn Fenty, known to the world as Rihanna, launched Fenty Beauty in 2017, she sought to create a cosmetics company that made “women everywhere (feel) included.” A perhaps unintended consequence: The beauty line has helped her enter one of the world’s most exclusive ranks: Billionaire. Rihanna is now worth $1.7 billion, Forbes estimates—making her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer. But it’s not her music that’s made her so wealthy. The bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%. Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress. While Barbados-born Rihanna isn’t the only celebrity to capitalize on her social media presence —she has 101 million followers on Instagram and 102.5 million on Twitter—to build a beauty brand, she is the most successful beauty entrepreneur to do so. Tap the link in bio for more on the new billionaire.
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