It’s Official: Rihanna Is Now a Billionaire
Rihanna was recently dubbed a billionaire, as the singer’s net worth increased tremendously over the years, according to Forbes. The grammy-winning artist is now the richest female musician with a net worth of $1.7 billion.
Her cosmetics brand, Fenty Beauty, which she owns 50% of, is worth an estimated $2.8 billion. The company made $550 million in annual revenues back in 2018, which surpassed Kylie Cosmetics, KKW Beauty, and Honest Company.
Meanwhile, she also has a stake in her lingerie brand, Savage x Fenty, which is worth an estimated $270 million. On top of that, Rihanna launched Fenty Skin, which made its debut last year.
Her empire continues to expand as it is also venturing into the perfume industry. It can be recalled that Fenty Beauty recently announced that it will be launching a unisex scent created by Rihanna in August called, Fenty Parfum.
A portion of her fortune comes from her career in the music industry. But apart from being the wealthiest musician, she is also the second richest entertainer who now falls behind Oprah Winfrey.
Rihanna is also making waves on social media, as the singer has already garnered 101 million followers on Instagram and 102.5 million on Twitter.
The Barbadian singer was known for her chart-topping single Umbrella and other songs such as Rude Boy, Only Girl, We Found Love, and Diamonds. She also starred in the movies Ocean’s 8, Battleship, Valerian and the City of a Thousand Planets, and Annie.
*Cover Photo/Thumbnail Photo taken by Danny Moloshok from Reuters