Forbes reports that Rihanna is worth an estimated $1.7 billion making her the wealthiest female musician. The singer turned beauty mogul is trailing behind Oprah Winfrey, the richest female entertainer.
A bulk of her billion-dollar fortune comes from her Fenty empire which is valued at an estimated $1.4 billion, which the outlet confirms she owns 50% of.
The rest of her fortune comes from her $270 million Savage X Fenty lingerie company, and the earnings from her music career.
Fenty shook up the beauty world when it was launched in 2017 and the company’s mission was to make “women everywhere (feel) included.”
“A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark,” says Shannon Coyne, cofounder of consumer products consultancy Bluestock Advisors. “We all know that’s not reality. She was one of the first brands that came out and said ‘I want to speak to all of those different people.’”