Aug 04, 2021 Entertainment

Rihanna Is Officially A Billionaire—And You’ll Never Believe Why She’s So Rich!!

rihanna Officially a billionaire and the richest female musician in the world!

Forbes The big announcement was made on Wednesday (August 4) through a story that welcomed the singer and business mogul to the billionaire club and highlighted his huge achievements overall. While many might conclude that his financial situation – an estimated $1.7 billion – stemmed from his successful music career, the publication is setting the record straight.

According to the prestigious financial magazine, Rihanna took the burden of her wealth from her inclusive cosmetic company, fenty beauty, which was launched in 2017.

Related | Fenty Beauty is worth $72M after only one month of sale

The publication shared, “The bulk of her fortune (estimated at $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%.”

Download File

Also responsible for his wealth is his game-changing lingerie company savage x fenty Launched in 2019, estimated to cost $270 million.

Related | Fenty Beauty is winning because Rihanna gave what black women were asking for

ICYMI: Fenty Beauty was created in 2017 to provide beauty enthusiasts (of all walks of life) the ability to feel included by offering a collection of foundations in 50 shades, including darker ones, for black women. She has since expanded her makeup products using the same formula: inclusion.

fbq('init', '1725845810983009'); fbq('init', '331289063738687');

//updated line fbq('init', '1178406992170491');

fbq('track', 'PageView'); .