{"id":134311,"date":"2021-08-04T10:49:42","date_gmt":"2021-08-04T14:49:42","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=134311"},"modified":"2021-08-04T10:49:42","modified_gmt":"2021-08-04T14:49:42","slug":"rihanna-is-officially-a-billionaire","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/rihanna-is-officially-a-billionaire\/","title":{"rendered":"Rihanna is officially a billionaire"},"content":{"rendered":"
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Rihanna<\/a>\u00a0has reached\u00a0billionaire<\/a>\u00a0status.<\/p>

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The multi-hyphenate, whose real name is Robyn Fenty, was officially declared a billionaire on Wednesday, according to a profile on her fortune in\u00a0Forbes<\/a>.<\/p>\n

The \u201cWork\u201d\u00a0singer<\/a>, 33, who has a catalog of hits dating back to the early 2000s, is worth $1.7 billion, the magazine estimates.<\/p>

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However, Rihanna\u2019s fortune isn\u2019t all due to her career in music. The superstar has her Fenty Beauty company to thank for a majority of her wealth. She launched it in 2017.<\/p>

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Rihanna\u2019s riches<\/a>\u00a0also make her the wealthiest female musician in the world, Forbes reports, and she\u2019s in the second spot, just behind Oprah Winfrey, as the richest female entertainer.<\/p>\n

Forbes notes that an estimated $1.4 billion of Rihanna\u2019s wealth comes from her\u00a0cosmetics line<\/a>. The outlet reports she owns 50% of the business while she also has a stake in her lingerie company, Savage X Fenty, which has an estimated worth of $270 million.<\/p>

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The performer\u2019s music and acting credits make up the rest of her fortune.<\/p>\n

The singer splits Fenty Beauty with LVMH, a\u00a0luxury goods company<\/a>\u00a0in France that is run by Bernard Arnault, the world\u2019s second-richest person, according to the report.<\/p>

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Shannon Coyne, the co-founder of Bluestock Advisors, pointed to Fenty Beauty\u2019s wide-ranging line of products for various skin tones.<\/p>

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\u201cShe was one of the first brands that came out and said, \u2018I want to speak to all of those different people.\u2019\u201d Coyne said of the star.<\/p>\n

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Rihanna\u00a0has reached\u00a0billionaire\u00a0status. The multi-hyphenate, whose real name is Robyn Fenty, was officially declared a billionaire on Wednesday, according to a profile on her fortune in\u00a0Forbes. The \u201cWork\u201d\u00a0singer, 33, who has a catalog of hits dating back to the early 2000s, is worth $1.7 billion, the magazine estimates. However, Rihanna\u2019s fortune isn\u2019t all due to her […]<\/p>\n","protected":false},"author":3,"featured_media":10986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-134311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-regional"],"yoast_head":"\nRihanna is officially a billionaire - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/rihanna-is-officially-a-billionaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rihanna is officially a billionaire\" \/>\n<meta property=\"og:description\" content=\"Rihanna\u00a0has reached\u00a0billionaire\u00a0status. The multi-hyphenate, whose real name is Robyn Fenty, was officially declared a billionaire on Wednesday, according to a profile on her fortune in\u00a0Forbes. The \u201cWork\u201d\u00a0singer, 33, who has a catalog of hits dating back to the early 2000s, is worth $1.7 billion, the magazine estimates. 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