Rihanna is now a billionaire, in case you were wondering. The singer behind such enormous hits as Umbrella and Pon de Replay and that absolutely baffling track FourFiveSeconds she did with Paul McCartney and Kanye West can now count herself as the richest female musician in the world.
Forbes Magazine, who absolutely cannot get enough of finding out every famous person on the planet’s net worth, estimate Rihanna’s fortune to be around 1.7 billion dollars. Most of that wealth comes from her cosmetics company, Fenty Beauty.
She launched Fenty in 2017 and owns 50% of the company, the other half is owned by the French luxury conglomerate LVMH. In the first year, the company was hitting $550 million worth of sales, more than any other celebrity-endorse makeup range. Yes, even more than the third lead of the High School Musical franchise, Ashley Tisdale’s now-defunct makeup brand. Hard to believe, but it’s true.
Throw all that money together with the value of Rihanna's 30% stake in the lingerie line Savage X Fenty and also the little ol’ business of being a chart-topping success for sixteen years and you’ve got yourself the recipe for becoming the second wealthiest female entertainer in the world after Oprah Winfrey. Oprah is worth an estimated $2.7 billion, and if Rihanna wants to have a chance at catching her she should think about investing in a second cosmetics company.
Cosmetics is a big way to make bank for those who want to become billionaires. That’s also how Kylie Jenner made a large chunk of her change. It doesn’t matter if you’re a phenomenal musical artist who produces hit after hit after hit like Rihanna you still need to diversify to get to that magic billion number. Pour one out for all the Holly Valance’s of the world who only had one hit and zero cosmetic lines.