Rihanna Becomes the World's Richest Female Musician

Alt: = "Rihanna placing her hand on her hair"

Rihanna's estimated net worth is  $1.7 billion 

Forbes has officially declared Rihanna a billionaire and richest female musician in the world. 

According to Forbes, the estimates net worth of the 33 year old musician cum businesswoman is put at $1.7 billion, making her the wealthiest female musician globally. 

With $1.7 net worth, Rihanna is now the second richest woman in the world after Oprah Winfrey, who is the world' richest female entertainer and richest woman of black decent.

He wealth mostly come from her beauty care business, although she started as a musician and music gave her popularity. She owns 50% share of Fenty Beauty, a skincare company.

Born as Robyn Fenty, the singer founded Fenty Beauty in 2017 in collaboration with the luxury goods company, LVMH. The brand's launch focused on inclusion with an unprecedented 40 foundation colors, triggering the "Fenty Effect" where other brands expanded their complexion products. 

Forbes estimates $ 1.4 billion of her worth came from Fenty Beauty and $ 270 million from her Savage X Fenty lingerie brand. The business magazine said the rest of the $ 1.7 billion came from the star's acting and music careers. , Rihanna and LVMH "have jointly decided to suspend the activity of Readytowear based in Europe until better conditions," said an email from LVMH at the time.

Members of Rihanna’s “Navy” fanbase excitedly shared news of the “Umbrella” singer’s financial status.

 “i stan a billionaire,” @anthnybuford wrote.

“THE REAL SELF-MADE!!! My queen @rihanna FORVER,” @hvymetalgirl wrote.

“So happy for Rihanna. All things are possible. It’s really wonderful to see women of colour conquer and rise. Setting the bar for all women,” @alegrafitzgera1 wrote.

 Rihanna’s Fenty Beauty company is further expanding by entering the fragrance industry. The brand announced last week it would be launching Fenty Parfum, a unisex scent inspired and created by Riri herself, in August.

With Fenty Beauty and Savage X Fenty keeping her so busy, fans are now left wondering when or if she will ever release another studio album. Since releasing her 2016 album “Anti,” the singer has only appeared as a feature on songs with Drake, DJ Khaled, and PartyNextDoor.

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