Rihanna has reached billionaire status.
The multi-hyphenate, whose real name is Robyn Fenty, was officially declared a billionaire on Wednesday, according to a profile on her fortune in Forbes.
The “Work” singer, 33, who has a catalog of hits dating back to the early 2000s, is worth $1.7 billion, the magazine estimates.
However, Rihanna’s fortune isn’t 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.
Rihanna’s riches also make her the wealthiest female musician in the world, Forbes reports, and she’s in the second spot, just behind Oprah Winfrey, as the richest female entertainer.
Forbes notes that an estimated $1.4 billion of Rihanna’s wealth comes from her cosmetics line. 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.
The performer’s music and acting credits make up the rest of her fortune.
The singer splits Fenty Beauty with LVMH, a luxury goods company in France that is run by Bernard Arnault, the world’s second-richest person, according to the report.
Shannon Coyne, the co-founder of Bluestock Advisors, pointed to Fenty Beauty’s wide-ranging line of products for various skin tones.
“She was one of the first brands that came out and said, ‘I want to speak to all of those different people.’” Coyne said of the star.
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$1.7B? Nuff Sir Grantley’s!
Good for you Rihanna. You are now welcomed into that exclusive club of Billionaires.
Congratulations my sister. Now look after your money and sign your own cheques. Please get married and have some children to leave all that money to.
Right. But i hope that she doesnt marry an american.
There have to be bout 40 man inna Barbados ah smell dem finga and ah cry
Get wealthy in the kingdom of God . That is the first step.
Amen 🙏🏿
Who cares…with all that money I hope you put it to good use.
Rhianna is the definition of no matter where u come from once u work hard u can make it
Work smart not hard. How many hard working doctors are billionaires?
.
Rhianna is a God fearing young lady and gives towards ministries in Barbados…Her favourite saying is “God is good” and she would say it to anyone great or small..May God continue to bless her and her relationship with A$SAP..
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