Rihanna Is Now Officially A Billionaire! Rihanna‘s list of accomplishments just keeps growing. According to a new report from Forbes, Rihanna is now officially a billionaire.
While many people know Rihanna exclusively as a chart-topping musical artist, the bulk of her wealth actually comes from her numerous other ventures in the fashion, beauty, and lifestyle spaces. Forbes reports her makeup line Fenty Beauty, of which Rihanna owns fifty percent, is currently valued at $2.8 billion. The business mogul’s lingerie company, Savage x Fenty, is also worth an estimated $1 billion. Rihanna owns thirty percent of the lingerie company.
These astounding earnings have Rihanna’s personal wealth valued at $1.7 billion. This means she is now the richest female musician in the world. She falls only behind Oprah Winfrey as the wealthiest female entertainer.
Shannon Coyne, cofounder of consumer products consultancy Bluestock Advisors, tells Forbes that Fenty Beauty was one of the first makeup lines to release a wide variety of inclusive shades, making it a breakout success. “A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark,” Coyne explained. “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.’”
Coyne doesn’t expect Rihanna’s businesses to stop growing anytime soon, either, even though many of her fans would like to see her release a follow-up to her 2016 album Anti. “She is creating a brand outside of herself. It’s not just about Rihanna,” Coyne says. “Even if you don’t like her music, she’s created a real style in the fashion and beauty space.”
Called “America’s Number ONE Gossip Columnist” by The National Enquirer. Rob ‘Naughty But Nice’ Shuter breaks celebrity news every day on his website NaughtyGossip.com where he delivers all the dish about the stars we love in his naughty but nice signature style. You can also catch him co-hosting and breaking celebrity news on Good Day New York, The Today Show, The Talk, Wendy Williams Show, CNN, Extra and Z100’s ‘Elvis Duran.’ Previously, Rob was the Huffington Post’s only celebrity columnist and the former executive editor of OK! Magazine. Rob has also hosted his own Saturday night talk show on Mark Cuban’s channel and his own daily morning show, ‘The Gossip Table,’ on VH1! Breaking some of the biggest entertainment stories, including Jamie Lynn Spears’s pregnancy news, Britney’s first post-meltdown interview, Eva Longoria’s wedding, and baby exclusives for Jessica Alba, Tori Spelling and Mathew McConaughey’s tots, Rob always knows where to find the best scoop. Before Rob was one of the world’s most successful entertainment reporters, he was a publicist working for Jennifer Lopez, Alicia Keys, P. Diddy, Jessica Simpson and Jon Bon Jovi! Now he is bringing all this experience to his new show on I HEART MEDIA in his unique cheeky way, that is always a pinch and never a punch!
Rihanna Is Now Officially A Billionaire! Rihanna Is Now Officially A Billionaire!