Rihanna Just Hit Billionaire Status Thanks To Her Fenty Empire

Rihanna is officially a billionaire. The singer and beauty boss is now worth $1.7 billion, according to Forbes, making her the world’s wealthiest musician and the second wealthiest female entertainer (behind Oprah).

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Her coins aren’t from her chart-topping music, however. They are actually from her ground-breaking Fenty Beauty cosmetics line, which is now valued at $1.4 billion. The rest of her coins are from her Savage x Fenty lingerie line, valued at $270 million, followed by her music and acting gigs.

Fenty Beauty made waves in 2017 for its inclusive advertising campaign that not just offered 40 (now 50) foundation shades for women, but also put Black women and other marginalized communities front and center. The launch also made carrying 40+ shades a must-have gold standard vs a nice-to-have by for all brands.

And, after widespread talks of her level of ownership in her partnership with LVMH, Forbes confirmed that Rihanna owns 50% of the company. Rihanna is the first Black woman to create an original brand at LVMH and was the first Black woman or WOC to head an LVMH fashion house.

While the Fenty Maison clothing line, which opened in 2019, is now on indefinite hold, Rihanna continues to pull up with new offerings. She is set to launch Fenty Parfum next week and she recently filed a trademark for Fenty Hair products, including “non-medicated hair care preparations, non-medicated dandruff shampoo, hair-styling preparations, hair-straightening preparations, hair-relaxing preparations, hair-waving preparations, non-medicated restoration lotions, hair-bleaching preparations, hair-coloring preparations, and hair glitter.”

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