Is Rihanna a billionaire?
RIHANNA is one of the richest female musicians in the world.
The 34-year-old's success stems not only from her music career but also from her Fenty Beauty line and Savage X Fenty collection.
Is Rihanna a billionaire?
Thanks to the success of her music and beauty line, Rihanna officially became a billionaire in August 2021.
Forbes estimated, at the time, that Robyn Fenty, better known to the world as Rihanna, has a fortune of $1.7billion dollars.
However, as of 2023, her net worth has dropped slightly to $1.4billion - nevertheless keeping her title as the wealthiest female musician in the world - with Madonna right behind her with a fortune of $850million, according to .
The majority of Rihanna's wealth comes from her beauty line, which has confirmed she owns 50 percent of, while other parts of her wealth stem from her music career as well as her stake in her lingerie company, Savage X Fenty, Forbes reports.
What is Fenty Beauty?
Launched September 8, 2017, Fenty Beauty is a cosmetics brand famous for its broad inclusivity across skin tones and gender.
The company has over 50 shades of foundation for different skin tones.
"Rihanna was inspired to create Fenty Beauty after years of experimenting with the best-of-the-best in beauty—and still seeing a void in the industry for products that performed across all skin types and tones," according to her website.
"She launched a makeup line 'so that people everywhere would be included,' focusing on a wide range of traditionally hard-to-match skin tones, creating formulas that work for all skin types, and pinpointing universal shades."
The company is also owned by Bernard Arnault, 73, a French investor, businessman, and art collector who is the richest man in the world as of August 4, 2021.
Arnault is also the chairman and chief executive of Louis Vuitton SE.
What is Savage X Fenty?
Rihanna's billionaire status also comes from her lingerie line, Savage X Fenty, founded in 2018.
According to their website: "Savage X Fenty celebrates fearlessness, confidence and inclusivity."
"In partnership with a team assembled from the industry’s elite, the label has disrupted and redefined the marketplace with its accessible price point and extensive assortment of lingerie."
The company offers lingerie from everyday basics to more provocative pieces.
"Savage X means making your own rules and expressing your modd, character and style for you -- not for someone else," Rihanna said.
Forbes reported that Rihanna maintains a 30 percent ownership stake in the company.