According to Forbes, Rihanna officially became a billionaire, and subsequently the wealthiest female musician in the world with a fortune of $1.7 billion (£1.2 billion).
Who is the richest female artiste?
Rihanna is the richest female artiste only second wealthiest female entertainer on the planet, behind Oprah Winfrey with $2.7billion (£1.9billion).
What is Rihanna’s Net-Worth?
The majority of the Barbadian singer and fashion mogul’s fortune ($1.4billion/£1billion) from her 50 percent stake in her cosmetics line Fenty Beauty – a joint venture with French luxury goods conglomerate LVMH – and worth $2.8billion (£2billion) in total.
What other businesses does Rihanna have?
Rihanna also earned the rest of her fortune from her lingerie company, Savage x Fenty, which is reportedly valued at $270m (£193m), and from her earnings as a musician and actor.
Forbes states that Fenty Beauty isn’t Rihanna’s only billion-dollar brand. In February her lingerie line Savage x Fenty raised $115 million in funding at a $1 billion valuation.
The company, which launched in 2018 as a joint venture with TechStyle Fashion Group, counts blue-chip investors like Jay-Z’s Marcy Venture Partners and private equity firm L. Catterton (in which Bernard Arnault is an investor) as shareholders. Rihanna maintains a 30% ownership stake, Forbes estimates.
In 2019, Rihanna told The New York Times Style Magazine that she did not name her brand after herself – Fenty is in the frame – as she did not want to become “oversaturated”.
“Every collaboration I did outside of music, I used Fenty so that you didn’t have to hear the word ‘Rihanna’ every time you saw something that I did,” she explained. “So Rihanna stayed the music, the person. But these other brands are called Fenty.”
The mogul’s fortune comes at an interesting time, however, with Rihanna having largely retreated from the industry that made her name.
It has been five years since the “Diamonds” singer released an album, and despite fans endlessly calling on her to unveil new music, she has been largely focused on her non-music businesses