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Rihanna reaches billionaire status, named richest female musician by Forbes

According to a new profile on the singer and entrepreneur by Forbes, 33-year-old Rihanna has officially become a billionaire and is worth $1.7 billion. Forbes reported on Wednesday that Rihanna’s fortune comes primarily from her Fenty Beauty makeup line, which she has a 50% stake in. Rihanna’s other earnings come from her Savage x Fenty lingerie line, Fenty Skin line and her earnings as a singer and actress. Rihanna is now considered the wealthiest female musician in the world and is the second richest female entertainer in the world, behind Oprah Winfrey.

Rihanna landed a deal with French luxury group LVMH in April 2016 to launch Fenty Beauty, with a makeup line released in 2017. LVMH also partners with Rihanna on Fenty Skin. She launched her Fenty x Puma clothing line in 2016 and announced her clothing partnernship with LVMH in May 2019. Rihanna is the first woman to create an original brand at LVMH and is the first woman of color to head an LVMH maison.

On the music front, Rihanna hasn’t released an album since 2016’s ‘Anti’. She teased new music in February 2020, last appearing on PartyNextDoor’s “Believe It” in March 2020.

Forbes Officially Crowns Rihanna a Billionaire

Editorial credit: Andrea Raffin / Shutterstock.com

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