Celebrity Gossip Never Looked So Good ®
YBF on Twitter YBF on Facebook YBF on Instagram Feed

Rihanna Joins The Billionaires Club, Forbes Crowns Her As The World's Wealthiest Female Musician & 2nd To Oprah As Richest Female Entertainer

​ ​ ​ ​

Rihanna is reportedly worth a whooping $1.7 billion, ushering her into the Billionaires Club. Her earnings have pushed her to become the wealthiest female musician in the world and she's also the 2nd richest female entertainer after Oprah. Celebrate inside...

Rihanna's hit track "Work" has a whole new meaning now that she has entered the conveted Billionaires Club.

According to Forbes, Rihanna is now worth $1.7 BILLION, making her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer. In 2019, she was crowned as the world's richest female musician and she continues to hold the title.

Music didn't make the 9-time Grammy Award winner - real name Robyn Rihanna Fenty - a billionaire. She has evolved from a singer, to a style icon, and now a makeup/fashion entrepreneur. The bulk of her fortune (an estimated $1.4 billion) comes from the value of her popular cosmetics brand, Fenty Beauty. And get this...

The 33-year-old entertainer owns 50% of Fenty Beauty, which has been confirmed by Forbes. Major key!

The rest of her earnings come from her stake in her lingerie company, Savage x Beauty, which is worth an estimated $270 million, earnings come from her music and starring in movies.

Forbes reports:

Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVMH (run by Bernard Arnault, the world’s second richest person), launched in 2017 with the goal of inclusivity. Its products come in a diverse range of colors—foundation is offered in 50 shades, including harder-to-find darker shades for women of color—and are modeled in its advertising by an equally diverse group of people.

Available online and at Sephora stores, which are also owned by LVMH, the products were an instant success. By 2018, its first full calendar year, the line was bringing in more than $550 million in annual revenues, according to LVMH, beating out other celebrity-founded brands like Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Company.

Fenty Beauty is worth a conservative $2.8 billion, Forbes estimates. And all signs point to the company continuing to grow. In its annual report for 2020, LVMH said Fenty Skin, which launched last year, was off to a “very promising start” and “generated unprecedented buzz,” and that Fenty Beauty "maintained its appeal as a premier make up brand."

As you can see, it's only up for Rih from here!

As for Rihanna's Savage x Fenty lingerie line (which Forbes confirmed she owns 30%), the company is growing just like Fenty Beauty.

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.

While RiRi's beauty and lingerie companies survived the pandemic, her luxury brand FEИTY (a luxury collection in partnership with LVMH, the French luxury goods giant run by billionaire Bernard Arnault) shut down after it was launched in 2019. She became the first black woman at the helm of a LVMH Maison and the first woman to launch an original brand at the conglomerate.

Rihanna is clearly following her mentor Jay-Z's blueprint and its paying off with a MAJOR bag! Congrats Rih!

What's next? Fragrance!

Last week, Rihanna announced Fenty Eau de Parfum is coming down the pipeline. The new $120 fragrance isn't the Bajan beauty's first fragrance, but it's the first with the Fenty name, expanding her FENTY empire.

Welcome to the Fentyverse!

Photo: Debbie Wong/Shutterstock.com

​ ​
Categories:
​ ​
​ ​ ​
​ ​

Comments

WANT YOUR OWN AVATAR? GET IT HERE.

Log in to post a new comment

Log in to post a new comment

register
Sign in with Facebook