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Rihanna declared billionaire

Barbadian singer and fashion designer Robyn Rihanna Fenty, known mononymously as Rihanna is now the wealthiest female musician in the world and the second richest female entertainer behind Oprah Winfrey.

According to Forbes on Wednesday, her estimated net worth is $1.7 billion, with most of it coming from her cosmetic brand Fenty Beauty.

The singer-turned-entrepreneur, launched Fenty Beauty in 2017 in partnership with luxury goods conglomerate LVMH. The brand’s launch focused on inclusivity with a then-unprecedented 40 shades of foundation, which prompted the “Fenty Effect” in which other brands expanded their shade ranges for complexion products.

 

Now the brand covers everything under the sun of makeup, from brushes and blushes to lipsticks.

While she became famous for hits such as Umbrella, Diamonds and Rude Boy, it was the success of her Fenty Beauty business that launched her to billionaire status.

By Afia Owusu/Myxyzonline.com|Ghana
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