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.
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 splits Fenty Beauty with French conglomerate LVMH, a luxury goods company helmed by Bernard Arnault, the world’s second-richest person, according to Forbes.
©2021 Cox Media Group