The richest music in the world is now worth $ 1.7 billion.
Beauty and fashion mogul Rihanna is officially a billionaire, Forbes announced on Wednesday. Her net worth is estimated at $1.7 billion, about four years after launching her successful beauty line, Fenty Beauty, which makes her the most popular musician in the world.
Her business, not her music career, that took her to billionaire status. Not only does she own 50% of Fenty Beauty, named after her first name Robyn Rihanna Fenty, but she also owns a stake in the Savage X Fenty lingerie brand. BET Presents 51st NAACP Image Awards Show Rihanna attends the 51st NAACP Image Awards presented by BET at the Pasadena Civic Auditorium on February 22, 2020, in Pasadena, California.
PARAS GRIFFIN / GETTY IMAGES PARA With her participation in the At the $1.4 billion cosmetics company and her stake in the lingerie company valued at an estimated $270 million, Rihanna is now the second-richest artist after Oprah, according to Forbes. The money from his music career also enriches his portfolio.
Rihanna is now officially a billionaire and the richest musician in the world, according to Forbes. Rihanna is now officially a billionaire and the richest musician in the world, according to Forbes. Rihanna is now officially a billionaire and the richest musician in the world, according to Forbes. The pop star is worth $1.7 billion (£1.2 billion) with an estimated $1.4 billion coming from the value of his Fenty Beauty.
Cosmetics company. The rest of her fortune comes mostly from lingerie company Savage x Fenty, valued at $270 million, and its music and drama revenues. She is the second-richest actress in the world after Oprah Winfrey. Rihanna, whose real name is Robyn Fenty, launched Fenty Beauty in 2017 in partnership with luxury goods company LVMH.
At the time, she said the line's goal was to appeal to "all types of women" and released 40 different foundation colors that were unprecedented at the time. This led to the so-called “Fenty Effect”, in which competing brands expanded their color palettes for make-up products. The line had annual sales of more than $550 million in its first year, LVMH said.
But not all of Rihanna's business ventures have paid off. Earlier this year, 33-year-old singer LVMH agreed to close her fashion label Fenty after less than two years of production. The Barbadian singer has sold more than 250 million records, but has not released an anti-sync studio album from 2016.