With a net worth estimated at $1.7 billion, Barbados-born star Rihanna has been declared the richest female musician in the world by Forbes magazine.
Apart from being a pop sensation, Rihanna is also the most successful beauty entrepreneur, who has been capitalising on her social media presence with a whopping 101 million followers on Instagram and 102.5 million on Twitter.
According to the Forbes report published on Wednesday, Rihanna derives an estimated $1.4 billion of her fortune from her 50% stake in the Fenty Beauty cosmetics line she launched in 2017 in partnership with French luxury goods conglomerate LVMH, run by the world’s second-richest person, Bernard Arnault. This collaboration, it was said at the time, brought inclusivity to the beauty industry.
The rest of Rihanna’s wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actress, the magazine said.