It looks like Fenty Beauty’s foundation is really that good. Singer and businesswoman Rihanna is now a billionaire. On Wednesday (August 4, 2021), Forbes announced the news, making all the RiRi fans proud of the singer. Rihanna is in the music industry for a long time, and she has proved herself several times. However, after starting Fenty Beauty in 2017, the Umbrella singer gained another level of recognition. Robyn Fenty, popularly known as Rihanna, started Fenty cosmetics to make women worldwide feel included. And now, the love and support from all around the globe are showing in Riri’s bank account. As per the reports, Fenty beauty has the upper hand in turning Rihanna into a billionaire.
Rihanna’s beauty line has welcomed her into a new stage called billionaire. The singer is now worth $1.7 billion, making her the first female musician in the world to hold the rank. Also, she is second in rank to Oprah Winfrey on the list of wealthiest female entertainers. It looks like Rihanna has been doing a lot of Werk Werk Werk… Forbes released the essential aspects of her earnings, showing that almost $1.4 billion comes from Fenty alone. Clearly, the cosmetic line is a blessing for the singer.
Rihanna is Now A Billionaire: Thanks To Fenty
The bulk of the singer’s income comes from Fenty Beauty. And Forbes confirmed that Rihanna holds 50% power in the business. Furthermore, her income and net worth add up from her lingerie line Savage x Fenty, worth around $270 million. In addition to this, her career as a musician and actress is also a part of her new success.
Fenty Beauty is a 50-50 joint venture with French luxury goods conglomerate LVMH, which entered the markets in 2017. LVMH is run by Bernard Arnault, who is the second richest man in the world. With her entrepreneurial skills and social media presence, Rihanna introduced Fenty to the world.
The brand is all about inclusivity. Fenty produces goods for a diverse group of people and also uses them for advertising the products. Moreover, Fenty makes foundation shades in 50 colors; some are even the hardest to find for women-of-color. Thus, Rihanna truly deserved the “billionaire” tag. And, along with her chart-topping hits, we hope to see her empire grow.
You can buy the products on Sephora online/offline and from Fenty’s original website.