Hats off to the bad girl! Days after announcing her new perfume line, Rihanna is now officially a billionaire.
According to Forbes, the chart-topping, smash hit-making mogul is now worth a whopping $ 1.7 billion, making her the wealthiest female musician on the planet, a title she has held since 2019 when Forbes reported she had amassed a spectacular $ 600 million in net worth.
Worth noting, this new milestone for the Bajan singer is not solely from her music sales. The bulk of her fortune stems her monstrous Fenty Beauty line which she launched in 2017. The revolutionary beauty brand which she envisioned would perpetuate inclusivity in the industry has grown in popularity exponentially.Fenty Beauty bridged the gap between women of darker skin tones and foundation-it has 50 shades! Forbes confirms she owns 50% of the company. The renowned brand is a joint venture between the fashion-forward mogul and French luxury goods conglomerate LVMH.
The beauty line has subdued other A-list brands like Kylie Jenner’s Kylie Cosmetics and Kim Kardashian’s KKW lines.
Evidently, her loud absence from music can be attributed to her now business honcho status. Her last album Anti dropped in 2016 and as fans continue to yearn for new material from the star, she shows no signs of releasing any music soon.
