Rihanna is officially a billionaire

Popstar Rihanna’s net worth is estimated at $1.7 billion, making her the richest woman musician in the world, but her music is not the primary source of her wealth, Forbes magazine said on Wednesday.

The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated $1.4 billion of her fortune from her 50% stake in the Fenty Beauty cosmetics line, Forbes reported.

The rest of Rihanna’s wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actor, the magazine said.

Rihanna’s beauty company, of which LVMH owns the other half, is known for its broad range of 50 skin tones, including dark shades for women of color, which were rare when it launched in 2017. This made it a leader in inclusivity in the industry.

The singer of Umbrella and Love the Way You Lie ranks second behind Oprah as the richest female entertainer, Forbes said.

In 2019, Rihanna had been named as the World's Richest Female Musician by the publication with an estimated fortune of $600 million with the bulk of that coming from her Fenty beauty range. She's overtaken Madonna and Beyonce, who previously topped the list, the BBC reported.

You could be forgiven for forgetting Rihanna even makes music - her last studio album Anti came out in 2016.

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