Rihanna.Photo: Dimitrios Kambouris/Getty
Rihannais a billionaire!
The multi-hyphenate musician, fashion designer and beauty mogul, 33, has joined the ranks of the ultra-wealthy, saysForbes, which reports that the star’s net worth is an estimated $1.7 billion. Rihanna’s impressive earnings secure her spot as the wealthiest female musician in the world. She’s also now the second-wealthiest female entertainer — right behind the one-and-onlyOprah Winfrey,Forbesreports.
While Rihanna’s wealth makes her the richest female musician, it’s her fashion and beauty businesses that make up the largest chunk of her earnings.
Forbesestimates that about $1.4 billion of Rihanna’s wealth comes from her 50% stake in Fenty Beauty, whichRihanna launched in Sept. 2017to high praise. Since first introducing her shade-inclusive makeup brand, Rihanna later expanded intoFenty Skinand now, asoon-to-be-launched Fenty fragrance.
Dimitrios Kambouris and Anna Webber, Getty Images
Another portion of Rihanna’s wealth (Forbesapproximates $270 million) comes from her size-inclusive lingerie line,Savage X Fenty, which the star debuted in 2018.
The Savage X Fenty billion-dollar valuation came just days after Rihanna announced that she and French luxury conglomerateLVMH Moët Hennessy Louis Vuittonmutuallyagreed to pauseher Fenty ready-to-wear label to focus on the Savage line.
“LVMH and Rihanna reaffirm their ambition to concentrate on the growth and the long-term development of the Fenty ecosystem focusing on cosmetics, skin care and lingerie,” LVMH and Rihanna said in a statement toWWD.
Rihanna/Instagram
The singer turned fashion and beauty mogul made history when she inked a deal with LVMH in May 2019, becoming “the first woman to create an original brand at LVMH and the first woman of color at the top of an LVMH maison,“The New York Timesreported
While Rihanna has been busy at work on her other business ventures, earlier this year she revealed her plans to go back to her roots (music!) very soon.
Rihanna posted avideoof the announcement on Instagram writing in the caption: “grateful to the most High for putting die hard supporters in my circle 🙏🏿 #Anti#WomensHistoryMonth 💪🏿congrats to everyone that contributed to this era, thank you team.”
In January, Rihannacelebrated the five-year anniversary ofAnti’srelease with a series of posts she shared on Instagram, including avideo montagefrom some of her music visuals.
Antiwas Rihanna’s eighth studio album — and last thus far, as her fans continue to anticipate the nine-time Grammy-winner’s next release. The Grammy-nominated album has seen incredible success since it came out in 2016, earning the No. 1 spot on theBillboard200 album chart, garnering more than 15 billion streams and selling more than 11 million copies. Fan-favorite songs on the album include “Work,” “Needed Me,” “Kiss It Better” and “Sex with Me.”
source: people.com
