Saturday, November 27, 2021
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Forbes names singer and beauty mogul Rihanna a billionaire

Forbes have named Singer and beauty mogul, Robyn Rihanna Fenty popularly known as just Rihanna a billionaire, and subsequently the wealthiest female musician in the world, Oyogist.com reports.

Forbes said, Rihanna is now worth $1.7 billion (£1.2 billion), making her the second wealthiest female entertainer on the planet, behind Oprah Winfrey with $2.7billion (£1.9billion).

According to Forbes, the Rihanna’s fortune didn’t come from music, rather comes from the value of Fenty Beauty- a joint venture with French luxury goods conglomerate LVMH – and worth $2.8billion (£2billion) in total of which Forbes confirmed she owns 50 percent stake.

Rihanna has also earned the rest of her fortune from her lingerie company, Savage x Fenty, which is reportedly valued at $270m (£193m), and from her earnings as a chart-topping musician and actress.

With over 101 million followers on Instagram and 102.5 million followers on Twitter, Forbes also declared her the most successful beauty enterpreneur.

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