With a net worth of $1.7 billion, Rihanna officially joined Forbes’ list of billionaires Wednesday, and her Fenty Beauty cosmetics line has proved far more lucrative than the Grammy-winning performer’s platinum music career.
Fenty’s Fortune: Rihanna Is Now Officially A Billionaire via @forbes https://t.co/SzMt6XEg4e
— Dawn Chmielewski (@DawnC331) August 4, 2021
Born Robyn Fenty, the 33-year-old “Work” singer’s fortune makes her the wealthiest female musician in the world and second only to Oprah Winfrey as the world’s richest female entertainer, according to Fox Business.
Despite the entertainment designations, Rihanna’s 50% stake in her namesake Fenty Beauty, launched in 2017, accounts for the lion’s share of her wealth, or roughly $1.4 billion, Forbes reported.
Meanwhile, her stake in lingerie company Savage X Fenty is worth roughly $270 million, and her nearly 20-year musical career and acting credits round out the balance of her fortune, Fox Business reported.
.@Rihanna is now worth $1.7 BILLION (Forbes), making her the wealthiest female musician in the world... and second only to @Oprah as the richest female entertainer. A black woman breaking boundaries and paving the way for others -- #Rihanna should be studied in business classes. pic.twitter.com/TIIrFsaHJ4
— Mike Adam (@MikeAdamOnAir) August 4, 2021
Rihanna splits Fenty Beauty with French conglomerate LVMH, a luxury goods company helmed by Bernard Arnault, the world’s second-richest person, according to Forbes.
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