IFRAME SYNC
Home » Entertainment » Celebrity » Rihanna Becomes The Richest Female Entertainer With US$1.7 Billion, According To Forbes
Rihanna Becomes The Richest Female Entertainer With US$1.7Billion According To Forbes

Rihanna Becomes The Richest Female Entertainer With US$1.7 Billion, According To Forbes

News reaching our desk this morning indicates that Barbadian-American singer Rihanna is now officially a billionaire and the wealthiest female musician in the world, according to Forbes.

Rihanna, launched Fenty Beauty in 2017, she sought to create a cosmetics company that made “women everywhere (feel) included.” A perhaps unintended consequence: The beauty line has helped her enter one of the world’s most exclusive ranks: Billionaire.

The pop star is worth $1.7 billion (£1.2 billion). With an estimated $1.4 billion coming from the value of her Fenty Beauty cosmetics company.

The rest of her fortune mostly comes from lingerie company, Savage x Fenty. This is worth an estimated $270 million, and her earnings from music and acting.

She is second only to Oprah Winfrey as the world’s richest female entertainer.

Rihanna – whose real name is Robyn Fenty – launched Fenty Beauty in 2017 in a partnership with luxury goods company LVMH.

At the time, she said the aim of the line was to appeal to “every type of woman”. She then launched 40 different foundation shades, which at the time was largely unprecedented. It led to the so-called “Fenty Effect” where rival brands broadened their shade ranges for make-up products.

The line brought in more than $550 million in annual revenue in its first year, LVMH said.

Not all of Rihanna’s business ventures have paid off, however.

Earlier this year, the 33-year-old agreed with LVMH to shut down her Fenty fashion label after less than two years in production.

The Barbadian singer has sold more than 250 million records but has not released a studio album since 2016’s Anti.

While Barbados-born Rihanna isn’t the only celebrity to capitalize on her social media presence—she has 101 million followers on Instagram and 102.5 million on Twitter—to build a beauty brand, she is the most successful beauty entrepreneur to do so.

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About Eninu William

Meet William, a seasoned news editor with a five-year experience in the fast-paced world of journalism. William's passion for storytelling and commitment to accuracy have propelled him through various roles. As a news editor, his responsibilities extend beyond just overseeing the day-to-day operations of a news team. He plays a crucial role in shaping the editorial direction of his publication, ensuring stories are not only timely and relevant but also adhere to the highest journalistic standards. With a finger on the pulse of current events and a deep understanding of the ever-evolving media landscape, William is always ahead of the curve.
Loading...
x

Check Also

Emmanuel Lwasa Declares He Has Run Bankrupt

I Didn’t Get The Money You Promised Me – Emmanuel Lwasa Tells President Museveni

Masaka businessman Emmanuel Lwasa is seeking money that President Museveni promised him when he had ...