Rihanna is Now the Richest Female Musician in the World

Rihanna’s estimated $1.7bn fortune is largely due to the dizzying success of Fenty Beauty

Th 33-year-old Rihanna is one of the biggest youth icons of our times. The name conjures up so many more images than just the biggest pop star of the planet. She has time and again broken the internet with her fashion choices, for speaking her mind and for promoting body positivity. Besides the many things that Rihanna is, she is now a bonafide billionaire and the richest female musician in the world. 

According to Forbes magazine Rihanna’s fortune estimated to be a whopping $1.7bn makes her the second richest female entertainer on the planet, the first being Oprah Winfrey with a fortune estimated at $2.7bn.

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And what’s surprising is that her fortune does not come from her chartbuster singles but from the dizzying success of Fenty Beauty, which has been named after her real name Robyn Fenty. that she launched in 2017 in collaboration with French luxury conglomerate LVMH. She owns 50% stake in Fenty Beauty, which according to Forbes magazine achieved sales of $550m in the first year itself. The magazine estimates that the company is now worth “a conservative $2.8bn”.

Her stake in in the company, along with a 30% stake in the lingerie line Savage X Fenty and the money she earned in her 16-year career as a pop star, take Rihanna’s fortune to $1.7bn, according to Forbes.

The singer has expressed in several of her interviews that she was driven to create a beauty brand that provided solutions to a variety of skin tones and types. The brand brought out foundation in 40 different shades when it first launched and has since increased the number to 50.