Rihanna is a Billionaire, and the Richest Female Musician in the World

Rihanna is a Billionaire, and the Richest Female Musician in the World

Robin Rihanna Fenty is now a billionaire.

The multi-talented artist is worth $1.7 billion, Forbes reports, making her the second wealthiest female entertainer, after Oprah, and the richest female musician in the world.

While Rihanna, 33, may have gotten her start in music — selling 250 million records globally — her makeup brand is what pushed her into the billionaire’s club. Fenty Beauty launched in 2017 with a message of inclusivity; the makeup brand has more than 50 shades of foundation, often modeled by a diverse group.

The brand is a 50-50 joint venture with luxury goods conglomerate, LVMH, +0.12% run by the world’s richest person, Bernard Arnault. Forbes estimates that as much as $1.4 billion of the artist’s wealth comes from Fenty Beauty.

Fenty Beauty, sold online and at Sephora (also owned by LVMH), was an instant success. LVMH reported $550 million in annual revenue during the brand’s first full calendar year in 2018.

Fenty Skin has also been a hit, despite launching in the middle of the COVID-19 pandemic. In its annual report, LVMH said the brand “generated unprecedented buzz during the pandemic” and “is off to a very promising start.”

Rihanna has also found success in the lingerie industry. Her Savage x Fenty line raised $115 million in funding with a $1 billion valuation earlier this year. The brand launched in 2018 as a joint venture between Rihanna and Techstyle Fashion Group, but quickly raised capital from investors including rapper Jay-Z’s venture firm Marcy Venture Partners LLC and Avenir Growth Capital.

Of course, the massive fan base (including her 103 million Instagram followers) that helped rocket RiRi’s businesses into the billions is sorely missing her music. After churning out eight studio albums in a decade, the Barbadian artist hasn’t released a new one since her 2016 album, Anti. Fans wonder when, if ever, the artist will drop another banger.

Previous MAYBE TOMORROW (Part 2)
Next Kito Alert: Ibeju-Lekki Is Becoming A Kito Red Zone In Lagos

About author

You might also like

The Happenings 8 Comments

‘Shut up, you old bigot’: Piers Morgan savages man who says homosexuality is a ‘sinful abomination’

Piers Morgan is usually criticised for shouting over his guests on Good Morning Britain, but recently his anger seemed totally justified. The presenter clashed with a man who claimed homosexuality

The Happenings 7 Comments

“Biafra Will Be Restored, And If You’re Gay, You Better Repent Or Look For Another Country.” Nigerian Man Rants On Facebook

It appears the first order of business for the yet-to-be-formed Biafran country has been identified. And that is to hunt down the gays. At least, that is what Facebook netizen,

The Happenings 11 Comments

Amy Schumer’s Parody of Beyoncé’s ‘Formation’ Pissed Off a Lot of People

Amy Schumer took to Instagram on Monday, October 24, to respond to the harsh backlash she received for her parody of Beyoncé’s “Formation” music video. “You know you that bitch


  1. Kiwi
    August 14, 13:39 Reply

    And that’s on balanced diet!


Leave a Reply