Rihanna touted her power by becoming both a billionaire and the richest musician in the world. In a new report shared by Forbes Magazine, he estimated Rihanna's net worth is now $ 1.7 billion. She is now the richest musician in the world and has even followed Oprah Winfrey as the second richest female artist. Rihanna Height
However, the website also noted that the amount did not come just from her concerts as a singer. According to Forbes, $ 1.4 billion of her net worth came directly from her cosmetics business, Fenty Beauty, which she launched in 2017. She currently owns 50% of the company's value.
Meanwhile, part of the remaining percentage came from her lingerie company, Savage x Fenty. About $ 1.4 billion of Rihanna's net worth comes from the value of Fenty Beauty, which Rihanna launched in 2017 in partnership with luxury goods company LVMH (Moët Hennessy Louis Vuitton).
From the start, it was clear that Fenty Beauty was more than just a cash grab. Makeup enthusiasts praised Fenty Beauty for turning the shade game upside down with the launch of Pro Filt’r Soft Matte Longwear Foundation, initially available in 40 shades, with 10 more shades added later.
Following the confirmation of her new brand, several people close to her applauded her and expressed how proud they are of Rihanna.
“Everyone knows Rihanna as a great singer, but through our partnership with Fenty Beauty, I have discovered a true entrepreneur, a true CEO and a great leader,” said Bernard Arnault, CEO of LVMH.
Shannon Coyne, co-founder of Bluestocks Advisors, said: “A lot of women felt that there were no lines that matched their skin tone. It was light, medium, medium dark, dark. We all know that's not the reality. was one of the first brands to come out and say, "I want to talk to all these different people."
Although the vast majority of Rihanna's wealth comes from her businesses, her musical career has earned her the fame and status that has bolstered the success of Fenty Beauty and Savage X Fenty.
Rihanna was just 17 when she released Pon from Replay in 2005, after auditioning with American music producer Evan Rogers while visiting Barbados with his wife. After releasing 8 studio albums and selling over 250 million records worldwide, Rihanna has won 7 MTV Video Music Awards, 8 Billboard Music Awards, 9 Grammy Awards and 13 American Music Awards.
However, Rihanna hasn't released an album since Anti in 2016. Over the past five years, the Barbadian singer-turned-businesswoman has instead focused on her successful beauty empire.