Photo: Instagram
in ,

Pop star Rihanna is now officially a billionaire

American business magazine Forbes announced on Wednesday, August 4, 2021, that music star Rihanna is now a billionaire, a lofty achievement made achievable in large part by her successful Fenty Beauty brand.

Photo: Instagram

Rihanna’s Fenty Beauty is currently valued at $2.8 billion, according to Forbes. The brand brings in $1.4 billion for the Pop star because she owns a 50% part in the company.

Rihanna’s lingerie company, Savage x Fenty, also raised $115 million in finance in February, valued at $1 billion. According to Forbes, Rihanna owns a 30% share in the company after opening it up to investors such as JAY Z’s Marcy Venture Partners. Savage x Fenty reportedly accounts for $270 million of Rihanna’s fortune.

Rihanna is the world’s wealthiest female artist and the second-wealthiest female entertainer, after Oprah Winfrey, with a net worth of $1.7 billion.

 

View this post on Instagram

 

A post shared by Forbes (@forbes)


Author

  • All posts written under this username are created by entertainment publicists, staff writers and authors, interns and guest contributors, and edited by Richardine Bartee.

Young Dolph sets free PRE compilation mixtape ‘Paper Route Illuminati’, along with Key Glock music video ‘Mister Glock 2’

South Africa’s Sun-EL Musician and Msaki perform ‘Ubomi Abumanga’ for the Recording Academy: Watch