Rihanna is now officially a billionaire
Written by tropixx105 on August 5, 2021
(CNN) – Robyn “Rihanna” Fenty is officially a billionaire, according to Forbes. The business magazine, which tracks and publishes data on the world’s wealthiest individuals, on Wednesday reported the 33-year-old pop star’s estimated net worth to be $1.7 billion, making her the wealthiest female musician and the second-richest woman in entertainment behind Oprah Winfrey.
It’s been five years since the “bad gal” from Barbados dropped a new album — her 2016 instant classic “Anti” spent 63 weeks on the Billboard charts. Instead she’s dedicated her time to building her business empire through her Fenty Beauty makeup line and her Savage x Fenty lingerie line.
Forbes estimates Fenty Beauty alone is worth $2.8 billion. In 2018, the makeup brand, which is sold at Sephora stores, was generating more than $550 million in annual revenues, earning more than Kim Kardashian West’s KKW Beauty, Kylie Jenner’s Kylie Cosmetics and Jessica Alba’s Honest Company, the magazine reported.
Forbes reported that Rihanna also owns 30% of Savage x Fenty, which raised $115 million in February after receiving a $1 billion valuation. LVMH CEO Bernard Arnault and rapper Jay Z are also principal investors in the lingerie brand.