Rihanna is Officially a Billionaire – Forbes Report

Barbados and American musician and beauty queen Robyn Fenty, known to the world as Rihanna is now officially a billionaire according to Forbes magazine.

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%.

Rihana

The magazine report, 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.

Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVM, launched in 2017 with the goal of inclusivity.

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