Rihanna is now worth $1.7 billion, according to Forbes estimates—making her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer. But it’s not her music that’s made her so wealthy.
The majority of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty alone, of which Forbes can now confirm she owns 50%.
Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her current earnings from her career as a chart-topping musician and actress.
Fenty Beauty is available online and at Sephora stores exclusively, which are also owned by LVMH, the products were an instant success.
By 2018, its first full calendar year, the line was bringing in more than $550 million in annual revenues, according to LVMH, beating out other celebrity-founded brands like Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Co.
I have over 10 years of experience in the retail industry including expertise in marketing, operations, merchandising, buying, shopping and technology. I am a former senior managing director of The School of Retailing, University of Alberta. My education includes a Bachelor of Commerce Degree from The University of Alberta in Marketing, Certificate in Real Estate and a Diploma in Fashion Merchandising and Buying from LasSalle College, a Canadian private school founded in 1959 by fashion designer Jean-Paul Morin.