Rihanna is making it rain. And, per new reports, it’s to the tune of over $1 Billion.
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According to Forbes, the singer-turned entrepreneur has now officially earned billionaire status – and it’s largely due to her Fenty Beauty empire.
Per the publication, RiRi is now worth an estimated $1.7 billion.
This renders her the second richest female entertainer, with only Oprah Winfrey pipping her to the top spot.
Word is that the largest portion of her worth comes from the value of her stake in Fenty Beauty – which is $1.4 billion. The company itself is worth $2.8 billion. Forbes has confirmed that Rih now owns 50% of the business.
The remaining millions are accrued from her chart-topping music career and other entrepreneurial ventures such as her lingerie line Savage X Fenty – which she owns a 30% stake of. That company is worth a whopping $270 million.
Suffice to say, the Bajan belle is an undeniable force! And an inspirational one too.
It also figures why music has taken a backseat. She’s carving out quite the legacy and fiscal footprint in a way that understandably sees her business interests lay at the core of her focus.