All the Rihanna fans out there there, we have a great piece of news for you! And this time it is not related to any of her next/upcoming albums. Rather it is about her fortune.
The pop icon Rihanna has now entered her name into the billionaires’ list. According to Forbes, the pop star is now a billionaire, officially.
Rihanna has now become the richest female musician in the world. Rihanna is now also the second-richest female entertainer in the world, the first being Oprah Winfrey.
Rihanna is now a Billionaire, according to Forbes
As per Forbes estimates, Rihanna’s net worth is $1.7 billion (£1.2 billion) which includes a major contribution coming from her Fenty Beauty cosmetics company amounting to $1.4 billion.
The remaining part of her wealth attributes to her Savage X Fenty lingerie company contributing around $270 million and the earnings she makes from her music as well as acting in films.
Rihanna keeps sharing posts on Instagram at times about her Savage and Fenty products. Here is a very recent post from the singer:
Robyn Fenty which is the real name of Rihanna has introduced her beauty brand Fenty Beauty in 2017 by collaborating with the French luxury goods company LVMH. Rihanna entered into a 50-50 partnership with LVMH.
One more recent post:
Fenty Beauty is popular for its broad inclusivity across different skin tones and gender. Originally the foundation was launched in 40 shades which was later expanded to 50 shades thereby including all skin types and tones.
Rihanna said then that the aim of her beauty brand is to appeal to each and every type of woman with her cosmetic products.
Rihanna’s Fenty Beauty Brand
LVMH said that the cosmetic brand has been successful in the very first year of its launch by generating over $550 million annual revenue.
However, it has to be noted that all of Rihanna’s business ventures have not been successful.
Check out one more post from Rihanna on her official Instagram handle:
In June 2019, during a conversation with Sarah Paulson, her co-star in ‘Oceans 8’ for Interview magazine, the 33-year old Barbadian singer said that “with every business outlet, I’m making something from a vision to a reality, and that’s the thing I really enjoy. Music had led me to these other outlets, and to things that I genuinely love. My mom pretty much worked in the beauty and perfume industry for a long time — she did makeup for people and was a makeup artist — so I always loved that.”
Rihanna and Her Music Albums
Rihanna also revealed in another interview why she was not able to come out with albums like before as she has to manage and balance her different business ventures.
She said, “I used to be in the studio, only the studio, for three months straight, and an album would come out.” She further added, “Now, it’s like a carousel. I do fashion one day, lingerie the next, beauty the next, then music the next. It’s like having a bunch of kids, and you need to take care of them all.”
Rihanna has been successful in selling over 250 million records. However, she has not come up with any studio album after her last release ‘Anti’ in January 2016.
Recently, the pop singer was spotted filming a music video with American rapper ASAP Rocky, who is also her boyfriend.
Well, seems like fans still need to wait for some more time to get treated with Rihanna’s next album!
