Yes, Rihanna is the wealthiest female musician, but she did not make all her money from music. Instead, her beauty line, Fenty, was why she became a billionaire and the richest female musician. The status is not a surprise considering how well Fenty is doing as it became a success in no time.
Here is everything you need to know about Rihanna and her billionaire status.
Rihanna’s Net Worth
According to estimates done by Forbes, Rihanna’s net worth is around close to two billion dollars. It is estimated to be approximately $1.7. The figure makes her the richest female musician.
On the other hand, if you put her in the category of female entertainers, she comes second to none other than Oprah Winfrey. Most of her fortune, almost $1.4 billion, comes from Fenty Beauty. Forbes has also confirmed that Rihanna owns 50% of Fenty Beauty.
The rest of her fortune lies in her lingerie company known as Savage x Fenty, which is worth an estimate of $270 million. Of course, her earnings as a musician have also contributed to her fortune with time. All of these combined make her fortune and lead to her being the richest female musician globally.
Rihanna: The Beauty Mogul
Rihanna is not the first celebrity who has capitalized on her fame and started a business. She has more than 100 million followers on Instagram and Twitter, which has helped her become one of the most successful beauty entrepreneurs out there. Even Kylie Jenner started her makeup empire, but she is still not as close to Rihanna.
Fenty Beauty is a joint venture of LVMH (a French luxury goods empire) and Rihanna. Both of them own Fenty Beauty 50-50. The primary aim of the brand was to offer inclusivity and diversified beauty products to everyone.
When Fenty Beauty was launched, it became a success overnight, and it brought more than $500 million annual revenue in its first year. These figures beat all other beauty moguls out there, such as Kim Kardashian and Kylie Jenner.
The Net Worth Of Fenty Beauty
While the pandemic slowed down beauty sales around the world, it is all slowly bouncing back. Fenty Beauty is almost $3 billion by now, and it will continue to grow in the future. The brand has established itself as a luxury and premium makeup brand, which people will continue to invest in.
With Fenty Beauty and Savage x Fenty, Rihanna is busy being a boss, which means she hasn’t had time for her singing career. Her last album was released five years ago, and perhaps that is the only complaint fans have about her.
That was your complete guide to Rihanna’s net worth and Fenty Beauty. She first dominated the music industry, and now she has taken over the world of fashion and beauty. We can only wait and see what she has in store next for all her fans out there, as she always surprises everyone.