{"id":520,"date":"2021-11-11T03:51:41","date_gmt":"2021-11-11T08:51:41","guid":{"rendered":"https:\/\/www.virlan.co\/trends\/?p=520"},"modified":"2023-03-06T07:29:14","modified_gmt":"2023-03-06T12:29:14","slug":"rihanna-net-worth","status":"publish","type":"post","link":"https:\/\/www.virlan.co\/trends\/celebrity\/rihanna-net-worth\/","title":{"rendered":"Rihanna Tops $1 Billion in Net Worth – Rihanna Is Now Officially A Billionaire"},"content":{"rendered":"\n

Rihanna net worth<\/h2>\n\n\n\n

The Billionaire’s Club Has A New Member: Rihanna<\/h2>\n\n\n

Rihanna told us all along she was calling the shots. Out there, collecting money from all manner of … people.<\/p>\n

Now it turns out the singer<\/strong>, actress<\/strong>, cosmetics<\/strong> and lingerie mogul is a billionaire<\/strong>.<\/p>\n

Not only that, she’s become “the wealthiest female musician in the world and second to Oprah as the richest female entertainer,” according to Forbes.<\/p>\n

The publication, which has been crunching the numbers behind the Barbadian star’s empire, estimates her net worth at a whopping $1.7 billion.<\/p>\n

Surprisingly, the vast majority of it has nothing to do with her record-breaking hits. In fact, most of it \u2014 approximately $1.4 billion –has been accumulated one lipstick, mascara tube, and blush brush at a time: the oodles of cash raked in from her Fenty Beauty makeup line launched in 2017 in a 50-50 partnership with luxury brand LVMH.<\/p>\n

The brand bucked traditional cosmetic industry standards when it was first unveiled and drew praise for the daring step of including 40 shades of foundation that would provide coverage from deep skin tones to albino skin, and anyone in between. The strategy sparked a movement to be more inclusive within the industry.<\/p>\n

Forbes says the rest of Rihanna<\/strong>‘s fortune stems from her stake in Savage x Fenty, her lingerie company. That is estimated at $270 million. There’s also Fenty Skin, which debuted last year and, of course, the revenue that comes from her steady stream of global hits as well as her acting career.<\/p>\n

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Bad Girl Riri<\/strong> fans have been delighting in the news of her mega-wealth, including some of her musical peers.<\/p>\n<\/blockquote>\n

Nikki Minaj congratulated her with what could be a rap lyric: “a BILLI-ON here, a BILLI-ON there- Little Bajan bih w\/ green [eyes] – dat bag is a different size,” Minaj wrote in an Instagram post.<\/p>\n

It’s been more than five years since Rihanna<\/strong>, whose full name is Robyn Rihanna Fenty, released an album. And it seems no one, not even her record label, knows when R9, her rumored and long-awaited reggae album will drop.<\/p>\n

For now, fans will have to make due with a new line of products. Last week, Rihanna told her Twitter followers to prepare for Fenty Parfum.<\/p>\n\n\n

<\/div>\n\n\n\n

Rihanna Is Now Officially A Billionaire<\/h2>\n\n\n

How the singer became the richest female musician on the planet. Hint: It wasn\u2019t from performing.<\/p>\n

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when Robyn Fenty, known to the world as Rihanna<\/strong>, launched Fenty Beauty<\/strong> in 2017, she sought to create a cosmetics company that made \u201cwomen everywhere (feel) included.\u201d A perhaps unintended consequence: The beauty line has helped her enter one of the world\u2019s most exclusive ranks: Billionaire<\/strong>.<\/p>\n

Rihanna is now worth $1.7 billion, Forbes estimates\u2014making her the wealthiest female musician in the world<\/h3>\n

and second only to Oprah Winfrey as the richest female entertainer. But it\u2019s not her music that\u2019s made her so wealthy. The bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%. Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress.<\/p>\n

While Barbados-born Rihanna<\/span> isn\u2019t the only celebrity<\/strong> to capitalize on her social media presence\u2014she has 101 million followers<\/strong><\/a> on Instagram and 102.5 million on Twitter\u2014to build a beauty brand, she is the most successful beauty entrepreneur to do so. Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVMH (run by Bernard Arnault, the world\u2019s second-richest person), launched in 2017 with the goal of inclusivity. Its products come in a diverse range of colors\u2014foundation is offered in 50 shades, including harder-to-find darker shades for women of color\u2014and are modeled in its advertising by an equally diverse group of people.<\/p>\n

Available online and at Sephora stores, which are also owned by LVMH, the products were an instant success. By 2018, its first full calendar year, the line was bringing in more than $550 million in annual revenues, according to LVMH, beating out other celebrity-founded brands like Kylie Jenner\u2019s Kylie Cosmetics, Kim Kardashian West\u2019s KKW Beauty and Jessica Alba\u2019s Honest Co.<\/p>\n

\u201cA lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark,\u201d says Shannon Coyne, cofounder of consumer products consultancy Bluestock Advisors. \u201cWe all know that\u2019s not reality. She was one of the first brands that came out and said, \u2018I want to speak to all of those different people.\u2019\u201d<\/p>\n

While cosmetics sales slowed during the pandemic, beauty companies are worth as much as ever. Stocks of larger beauty conglomerates like Est\u00e9e Lauder and L’Or\u00e9al have bounced back, reaching all-time highs and trading at impressive 7.5 (or more) times annual revenues. Meanwhile, independent brands like Beautycounter and Charlotte Tilbury inked deals with investment firms earlier this year at billion-dollar valuations.<\/p>\n

That is good news for Rihanna.<\/h5>\n

Thanks to the impressive multiples at which beauty companies are trading, Fenty Beauty is worth a conservative $2.8 billion, Forbes estimates. And all signs point to the company continuing to grow. In its annual report for 2020, LVMH said Fenty Skin, which launched last year, was off to a \u201cvery promising start\u201d and \u201cgenerated unprecedented buzz,\u201d and that Fenty Beauty “maintained its appeal as a premier makeup brand<\/strong>.”<\/p>\n