Rihanna makes Forbes billionaires list thanks to her dealings

New York, Aug 4 (EFE) .- Barbadian singer Rihanna, the world’s richest female musical artist, has entered Forbes magazine’s list of billionaires thanks to her fashion and beauty businesses, with an estimated net worth of 1,700 million dollars (more than 1,400 million euros).

With an article dedicated to the 33-year-old businesswoman, the publication reported on Wednesday that Rihanna also has the second largest global fortune among women dedicated to entertainment behind the American presenter Oprah Winfrey.

Robyn Rihanna Fenty – her real name – has grown her portfolio considerably since she was considered the richest singer in the world in 2019, mostly due to the profits of her beauty company, Fenty Beauty, in which she owns 50% of the capital.

About $ 1.4 billion of her estate corresponds to the value of Fenty Beauty, another $ 270 million is attributed to her lingerie firm, Savage x Fenty, and the rest to her income as a music star and actress.

The magazine also highlights Rihanna as the beauty entrepreneur who has been most successful using her social networks, where she has millions of followers, to boost her business.

The singer launched Fenty Beauty in 2017 together with the French luxury conglomerate LVMH with the aim of making inclusive products, offering a wide range of colors in their makeup bases – with about 40 shades – to reach a greater diversity of clients.

Since then she has expanded her lines: a year ago she presented a range for skin care, Fenty Skin, and will soon launch Fenty Parfum, a unisex fragrance created by the artist.

In 2019 he created Fenty, a “ready-to-wear” fashion and accessories brand under the LVMH umbrella, owner of firms such as Dior, Givenchy or Kenzo, but earlier this year he announced that he was suspending his activities “pending a improvement of the situation “due to the pandemic.

Regarding her musical career, the Grammy winner released eight studio albums before turning entirely to business, the last of them “Anti” (2016), although in recent months she has suggested that she is working on her ninth project.


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