You already knew Rihanna was a boss onstage, onscreen and in the studio. But the singer is also now officially a boardroom billionaire. According to Forbes magazine, RiRi has reached rarified pop air thanks to her mega-successful four-year old Fenty Beauty brand, which it estimates has pushed her personal fortune to $1.7 billion.
The gaudy figure gives Rihanna the bragging rights as the wealthiest female musician in the world and puts her just behind Oprah Winfrey as the richest female entertainer on the planet. The magazine estimates that the bulk of Rih’s fortune is not from her music career, but from the value of Fenty Beauty, which she launched in 2017 and owns 50% of; Forbes eyeballed her half-stake in Fenty as being worth around $1.4 billion.
Much of the rest of her fortune is reportedly from the singer’s stake in her lingerie company, Savage x Fenty, which is worth an estimated $270 million and has an estimated valuation of $1 billion, as well as her career earnings as a musician and actress in such films as Ocean’s Eight and Battleship; Rihanna reportedly retains an estimated 30% ownership stake in Savage x Fenty.
Fenty Beauty is a 50-50 joint venture with French luxury goods behemoth LVMH that focuses on inclusion through a diverse range of products — including typically hard-to-find darker shades for women of color — that are available online and in LVMH-owned Sephora stores.