It’s been 5 years since Rihanna released her last album, Anti, but her business ventures in the beauty and fashion industries are proving to be much more lucrative. At just 33, Rihanna whose real name is Robyn Fenty has been certified a billionaire by Forbes Magazine!
According to Forbes, the Diamonds hitmaker has now grown a fortune estimated at around $1,7 billion(R24,4 billion), making her the richest female musician in the world. It also makes the muso the second richest female entertainer, behind only Oprah. The majority of her wealth an estimated $1.4 billion (R20.1 billion) comes from the value of Fenty Beauty, of which Forbes confirmed she owns 50%.
She launched Fenty Beauty in 2017, establishing an approach to the beauty and cosmetic industry that privileged inclusivity while departing from old narratives of beauty. The brand is popular for its extensive inclusivity across skin tones and gender. Fenty Beauty is a 50-50 joint venture with the French luxury goods empire LVMH.
The rest of her wealth lies in her stake in the lingerie company, Savage x Fenty, which is estimated to be worth $270 million(R3,9 billion), and her income from her career as a chart-topping musician and actress.
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