August 04, (THEWILL) – Popular financial magazine, Forbes, has stated that music star, Rihanna, is now worth $1.7 billion, which makes her eligible to join the billionaire league because of her success in her cosmetic company, Fenty.
Forbes stated that Rihanna is now the richest female musician in the world and second only to Oprah Winfrey as the richest female entertainer.
“The bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%,” Forbes said in its latest editorial. “Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress.”
THEWILL writes that Fenty Beauty, which was launched in 2017, is a 50-50 joint venture with French luxury goods conglomerate LVMH.
Forbes also estimates that Fenty Beauty is worth a conservative $2.8 billion.
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