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Rihanna is all about her coins and it’s paying off!

According to Forbes, Bad Gal RiRi is a billionaire, making her the richest female musician in the world.

Rihanna achieved her billionaire status due to her Fenty Beauty brand, which is a joint feature between the singer and French luxury goods conglomerate LVMH. It was launched in 2017 with the goal of inclusivity.

 

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By the end of its first calendar year, the line brought in more than $550 million in annual revenue. She has a 50% stake in the company that’s valued at $1.4 billion.

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She also owns 30% of her Savage x Fenty brand that’s worth an estimated $270 million. Back in February, the lingerie brand raised $115 million in funding, placing it at a $1 billion valuation. Savage x Fenty is a joint venture with TechStyle Fashion Group.

Money made from her music career also boosted her portfolio. In 2020, Rihanna made $46 million.

This all puts her as the second wealthiest female entertainer, after Oprah.

Source: Forbes

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Rihanna Is Officially A Billionaire According To Forbes  was originally published on 92q.com

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