Good lady gone billionaire? Barbadian vocalist Rihanna simply signed up with a special group of celebs as the most recent billionaire and the world’s most affluent female artist, Forbes reported Wednesday.
Rihanna’s fortune presently stands at about $1.7 billion, the financing publication arranged. Only Oprah Winfrey exceeds her as the most affluent female performer.
But while Rihanna might be understood for hits such as “Umbrella” and “Diamonds,” her fortune is mainly the outcome of the charm and style business she established.
Fenty Beauty — which originates from the vocalist’s surname — is presently valued at about $2.8 billion, and was established in 2017 with high-end products huge LVMH. Rihanna likewise owns Fenty Skin and the underwear line Fenty x Savage, which deserves $1 billion.
Forbes approximated that Rihanna owns about 30 percent of Savage x Fenty and about 50 percent of Fenty Beauty, which intends to offer customers with a more inclusive charm business that uses a large range of skin types and colors.
Demand for the makeup business has actually stayed relatively consistent even as the pandemic sent out shockwaves through the retail market. A 2020 yearly report from LVMH exposed reduced income as an outcome of the pandemic, however the business stated it likewise “showed good resilience” and “a significant improvement in trends in all its activities compared to the first nine months of 2020.”
Rihanna, who is 33 and initially from Barbados, is among about a lots Black billionaires in the United States.