Rihanna becomes wealthiest female musician with estimated worth of $1.7b

Rihanna becomes wealthiest female musician with estimated worth of $1.7b
Rihanna officially joins 'billionaires club'

Fashion designer and businesswoman, Robyn Rihanna Fenty popularly has officially become a billionaires.

According to Forbes, the 33-year-old is currently worth an estimated $ 1.7 billion (£ 1.2 billion), making her the wealthiest female musician.

This new feat puts her in the second spot, just behind Oprah Winfrey.

However, Rihanna's fortune isn't all because of her career in music, the 'work' singer has her Fenty Beauty company which she launched in 2017  to thank for.

Forbes notes that an estimated $1.4 billion of Rihanna's wealth comes from her cosmetics line. The outlet reports she owns 50% of the business while she also has a stake in her lingerie company, Savage X Fenty, which has an estimated worth of $270 million.

The performer's music and acting credits make up the rest of her fortune.

The singer splits Fenty Beauty with LVMH, a luxury goods company in France that is run by Bernard Arnault, the world's second-richest person, according to the report.

Shannon Coyne, the co-founder of Bluestock Advisors, pointed to Fenty Beauty's wide-ranging line of products for various skin tones.

"She was one of the first brands that came out and said, 'I want to speak to all of those different people.'" Coyne said of the star.

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