Barbadian singer Robin Fent, known to the world as Rihanna, is officially on the Forbes list of billionaires. It should be noted that the success of the singer was not due to his music career, but in 2017, the cosmetics brand he founded (Fenty Beauty).
According to official Forbes data, Rihanna’s fortune is $ 1.7 billion, making her the richest female singer in the world, and the second richest woman entrepreneur after Oprah Winfrey. Rihanna’s largest fortune, $ 1.4 billion, comes from the cosmetics company she founded, Fenty Beauty, $ 270 million from shares in the lingerie company Savage x Fenty, with the rest coming from the singer and actress’s career.
Cosmetics brand Fenty Beauty Rihanna founded in 2017, together with the owner of the French company LVMH Bernard Arno. The latter is the second richest man in the world. The success of the cosmetics company, along with the popularity of the singer, is due to the variety of products, which offer customers up to 50 color tonal bases for all skin types and tones.
In 2018, the year the brand was founded, the company had revenue of $ 550 million and became a significant competitor to other celebrities, including Kendall Jenner Kylie Cosmetics and Kim Kardashian KKW Beauty. According to the latest data, despite the pandemic, sales are growing and the company is valued at $ 2.8 billion.
In addition to Fenty Beauty, in February, Rihanna-produced lingerie line Savage x Fenty was valued at $ 1 billion. The singer introduced Savage x Fenty in 2018, with an investment of only $ 115 million at the time. Rihanna shares a 30% stake in the lingerie brand. Despite its success in the beauty industry, Rihanna’s fashion line, which was another joint project of the singer and the French LVMH, was not justified. Rihanna launched her own fashion line for the first time in 2019, and the last show took place at the end of last year.
The billionaire is currently fully focused on the beauty industry, which causes a kind of dissatisfaction among the singer’s fans. The Barbadian pop star released his last album in 2016. Nevertheless, Rihanna is also very popular on social networks. The singer has 103 million followers on Instagram and 102.5 million followers on Twitter.