Culture

Rihanna Is Officially a Billionaire

She is now the world’s wealthiest female musician.

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Rihanna Is Officially a Billionaire

She is now the world’s wealthiest female musician.

A result of her successful musical career and coveted Fenty and Fenty Beauty brands, Rihanna is now officially a billionaire, according to Forbes.

The publication estimates the artist to be worth $1.7 billion USD, making her the richest female musician in the world. She closely follows Oprah Winfrey as the wealthiest female entertainer. Forbes reports that a large part of Rihanna’s wealth actually comes from her Fenty Beauty label, of which she owns 50 percent, as well as her Savage X Fenty lingerie line.

While her social media following has played an important role in the success of Fenty Beauty, the brand quickly became a favorite for its focus on inclusivity. The label, co-owned by LVMH, was one of the first to offer its foundation in 50 shades and reported over $550 million USD in annual revenue in its first year.

“She is creating a brand outside of herself. It’s not just about Rihanna,” Bluestock Advisors‘ cofounder Shannon Coyne commented. “Even if you don’t like her music, she’s created a real style in the fashion and beauty space.”

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