Forbes: Rihanna is officially a billionaire

Forbes: Rihanna is officially a billionaire

Rihanna is now formally a billionaire, and also the richest female musician in the world.

According to Forbes, Rihanna is currently worth $1.7 billion (£1.2 billion), primarily thanks to the value of her groundbreaking cosmetics brand Fenty Beauty, which is calculated to be worth $1.4 billion.

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 musician and actor.

Rihanna the ‘Fenty Beauty’ was reportedly raking in $550 million during its first calendar year in 2018, apparently beating out other celebrities like Kylie Jenner’s Kylie Cosmetics and Kim Kardashian West’s KKW Beauty. 

Rihanna’s Savage x Fenty line has also shown to be profiting, raising approximately $115 million this past February at a $1 billion valuation.

The notable wealth comes five years since Rihanna released a music album, and notwithstanding fans tirelessly calling on the singer to release new music.

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