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Rihanna is officially a billionaire

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Rihanna is officially a billionaire

The singer has become the richest female musician in the world but not because of her music.

Celebrity multi-hyphenate Robyn Fenty was officially declared a billionaire on Wednesday, Forbes reported.

The magazine estimates that the 33-year-old singer of “Work” is worth $1.7 billion.

Rihanna’s fortune is not solely due to her music career. The majority of her wealth comes from her Fenty Beauty company. It was launched in 2017 by the author.

She is also the world’s wealthiest female musician, according to Forbes. She is also the world’s second-richest female entertainer, trailing only Oprah Winfrey.

Rihanna’s cosmetics line is estimated to be worth $1.4 billion, according to Forbes. The outlet reports that she owns 50 percent of the company, as well as Savage X Fenty, which is estimated to be worth $270 million.

Acting and singing credits account for the remainder of the performer’s net worth.

A report claims that Rihanna is splitting Fenty Beauty with LVMH, a luxury goods company run by Bernard Arnault, the world’s second-richest person.

Bluestock Advisors co-founder Shannon Coyne pointed out that Fenty Beauty has a wide range of products for different skin tones.

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