Rihanna is officially a billionaire, according to Forbes who just recently announced this today! With an estimated net worth of $1.7 billion, this makes RiRi the richest female musician..wow.
Fenty Beauty helps Rihanna earn the title
Rihanna can thank her cosmetics brand, Fenty Beauty, which she launched in partnership with luxury goods conglomerate LVMH in 2017 for contributing her brand new financial title.
According to Forbes, they believe $1.4 billion of her net worth comes from Fenty Beauty, while the other $270 million derives from her lingerie brand Savage X Fenty. The remainder of her net worth comes from her music and acting career (which has been forever since Rihanna dropped another album.)
Additionally, Rihanna continued to make breakthroughs with her LVMH partnership…this also involves her Fenty fashion line, which made her the first person since 1987 to launch a new house with LVMH. Rihanna has also been named the first woman to create an original brand there and the first woman of color at the top of an LVMH Maison.
Nicki Minaj welcomes her to the “Billionaire Club”
While many of Rihanna’s loyal fans ambushed her comment section congratulating her on the milestone, Nicki Minaj posted a massive congratulations to Rihanna on her IG. Nicki posted a screenshot of a tweet that read, “Rihanna is officially a billionaire. Her net worth is an estimated $1.7 billion making her the wealthiest female musician in the world and second to Oprah as the richest female entertainer.”
“a BILLI-ON here, a BILLI-ON there- Little Bajan bih w/ green [eyes] – dat bag is a different size,” Nicki Minaj wrote on her Instagram story and added #IfthisDontInspireYou.
Before this news was announced, Rihanna was already planning major deals with the Fenty brand and announced last month that Fenty perfume was coming soon. We have to applaud her for having all of her bags secured, but fans are dying to hear R9…an album that not even her label has received any updates on.
Way to go RiRi!
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