Published: 2021-08-05 14:14
Last Updated: 2021-12-04 16:16
According to Forbes Wednesday, 33-year-old pop star Rihanna is now officially a billionaire and the wealthiest female musician in the world.
Rihanna is now the world's second richest female entertainer after Oprah Winfrey.
She is worth USD 1.7 billion, with around USD 1.4 billion coming from the value of her Fenty Beauty cosmetics company. As for the rest of her fortune, it mostly comes from lingerie company, Savage x Fenty, worth an estimated USD 270 million, in addition to her earnings from music and acting.
In 2017, Rihanna launched Fenty Beauty in a partnership with luxury goods company LVMH.
In its first year only, the line brought in more than USD 550 million in annual revenue.
However, not all of Rihanna's business ventures have paid off. Earlier this year, she agreed with LVMH to shut down her Fenty fashion label after less than two years in production.
Rihanna has sold over 250 million records, but has not released a studio album since 2016's Anti. However, she was recently spotted shooting a music video with rapper A$AP Rocky, who is her boyfriend.