Rihanna was declared a billionaire with an estimated net worth of $1.7 billion in a new report released by Forbes on Wednesday.
Rihanna was declared a billionaire with an estimated net worth of USD 1.7 billion in a new report released by Forbes on Wednesday.
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Pop star Rihanna’s net worth is estimated at US$1.7 billion, Forbes magazine said on Wednesday, making her the world’s richest female musician, but her music is not her primary source of wealth.
Forbes reported that the Barbados-born singer, whose birth name is Robin Fenty, has amassed an estimated US$1.4 billion of her fortune from her 50% stake in the Fenty Beauty cosmetics line.
The magazine said the rest of Rihanna’s wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actress.
Rihanna’s beauty company, of which LVMH owns the other half, is known for its broad range of 50 skin tones, including darker shades for women of color, which were rare when it launched in 2017. This made it a leader in inclusivity in the industry. .
The “Umbrella” and “Love the Way You Lie” singer ranks second as the richest female entertainer after Oprah, according to Forbes.
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