Rihanna is formally a billionaire at 33 years outdated, in accordance with Forbes
Singer-turned-beauty and style mogul Rihanna is formally a billionaire, Forbes introduced on Wednesday. Her internet value is now an estimated $1.7 billion — about 4 years after launching her profitable magnificence line, Fenty Magnificence, making her the richest feminine musician on the earth.
It was her enterprise — not her music profession — that boosted her to billionaire standing. She not solely owns 50% of Fenty Magnificence, which is called after her given identify, Robyn Rihanna Fenty, however she additionally has a stake in lingerie model Savage X Fenty.
Together with her stake within the cosmetics firm valued at $1.4 billion and her stake within the lingerie firm value an estimated $270 million, Rihanna is now the second wealthiest feminine entertainer, after Oprah, in accordance with Forbes. Cash comprised of her music profession additionally provides to her portfolio.
The 33-year-old was born in Barbados and launched her first studio album in 2005. She has since launched seven extra albums and received 9 Grammys. She’s recognized on Instagram, the place she has 103 million followers, as “badgalriri,” and she or he typically makes use of the platform to promote her manufacturers to the lots.
When she launched her make-up line in 2017, it initially stood out for its various vary of colours, providing foundations in all kinds of pores and skin tones. French luxurious items conglomerate LVMH, which additionally owns main style manufacturers like Louis Vuitton, owns the opposite 50% of Fenty Magnificence. The model introduced in additional than $550 million in its first 12 months, beating related manufacturers like Kylie Jenner’s Kylie Cosmetics, in accordance with Forbes.
Earlier this 12 months, Rihanna’s different model, Savage X Fenty raised $115 million in funding at a $1 billion valuation, Forbes reviews. TechStyle Vogue Group is part-owner, and Forbes estimates Rihanna owns 30% of the corporate.
Along with her general internet value, Forbes estimates Rihanna made $46 million in 2020, in accordance with their highest-paid celeb listing, the place she ranked 60 general.
