Sign in
Download Opera News App

News Entertainment

 

Gossip Celebrity

 

Rihanna is currently the richest female musician in the world, with a net worth of $1.7 billion.

Rihanna declares in one of her most successful songs that someone "better have my money." It turns out she did get it.


Robin Rihanna Fenty has amassed a fortune of $1 billion.


According to Forbes, the multi-talented singer is worth $1.7 billion, making her the world's richest female musician and the second wealthiest female entertainment after Oprah.

Rihanna, 33, began her career in music and has sold 250 million CDs worldwide, but it was her makeup line that propelled her into the billionaire club. Fenty Beauty debuted in 2017 with an inclusive message; the beauty line features more than 50 foundation tones, which are frequently modeled by a diverse group.

The brand is a 50-50 joint venture with the luxury goods firm LVMH LVMH, +0.19%, which is led by Bernard Arnault, the world's richest person. According to Forbes, Fenty Beauty accounts for up to $1.4 billion of Rihanna's net worth.

Fenty Beauty, which is available online and at Sephora (which is also controlled by LVMH), was an immediate hit. In 2018, LVMH claimed $550 million in yearly revenue for the first full calendar year of its existence.

Despite being released during the COVID-19 pandemic, Fenty Skin has been a success. According to LVMH's annual report, the brand "created unparalleled buzz throughout the epidemic" and "is off to a very good start."

Rihanna has also made a name for herself in the lingerie sector. Her Savage x Fenty line received $115 million in investment earlier this year, with a $1 billion valuation. The brand began as a joint venture between Rihanna and Techstyle Fashion Group in 2018, but it swiftly attracted investors such as musician Jay-venture Z's firm Marcy Venture Partners LLC and Avenir Growth Capital.

Of course, RiRi's vast fan following (which includes her 103 million Instagram followers) is missing her songs. The Barbadian singer hasn't released a new studio album since her 2016 record "Anti," after eight in a decade.

Content created and supplied by: Emerald (via Opera News )

Forbes Rihanna Robin Rihanna Fenty

COMMENTS

Load app to read more comments