The richest female artist in the world has amassed her fortune through a cosmetics company.
Barbadian artist Rihanna is now officially a billionaire and the richest female musician in the world, says the financial media Forbes.
Rihanna, real name Robyn Rihanna Fentyn, assets are valued at approximately US $ 1.7 billion, equivalent to approximately US $ 1.4 billion.
The artist has released eight albums during his career. Rihanna surfaced in 2005 with the release of the single Pon de Replay and the first album Music of the Sun..
He has won a Grammy Award eight times.
The albums have been a sales success, with 14 singles reaching the top of the U.S. hit charts.
It’s time for the latest album. Anti was released in 2016.
Although his music career has been successful, it hasn’t elevated Rihanna to a billionaire.
Most of Rihanna’s wealth comes from her cosmetics company, Fenty Beauty.
The artist founded the company in 2017. According to Forbes, he currently owns half of it. For Rihanna’s wallet, the share means about $ 1.4 billion (€ 1.2 billion).
Fenty Beauty revolutionized the world of cosmetics with its inclusion. For example, make-up creams are available in 50 different shades. The shades pay special attention to those people for whom it has been challenging in the past to find a suitable make-up cream because of their skin color. There has also been a wider variety of people in the ads than usual.
This led to the so-called Fenty effect, as several cosmetic brands increased the color accordion of their make-up creams.
The cosmetics company was an immediate success, and in its first calendar year, it generated $ 550 million and outperformed brands created by other well-known celebrities, including Kylie Jenner, Kim Kardashian Westin and Jessica Alban creations.
Forbes cautiously estimates the company would currently be worth $ 2.8 billion. Its value is expected to rise further in the future.
Also the other business has been, to put it mildly, successful for Rihanna. The lingerie brand Savage x Fentyn is estimated to account for approximately $ 270 million (€ 228 million) of the artist’s assets.
This company is also worth billions. Admittedly, Rihanna owns less than a third of the lingerie business, 30 percent, making its share of the artist’s assets significantly smaller than that of the cosmetics company.
The rest of Rihanna’s wealth has been accumulated through music and acting.
Rihannan business has also accommodated misfortune. A luxury clothing brand that speaks for body positivity, Fenty, was founded a few years ago. The pandemic hit the luxury brand, leaving the brand’s life cycle for a couple of years.
As early as 2019, it was reported that Rihanna is the richest female artist in the world. Now he is also a billionaire. At the same time, Rihanna is the second richest woman in the entertainment world, only Oprah Winfrey there is more property.