Rihanna now ranks second behind American television talk-show host Oprah as the richest female entertainer.
POP star 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 reported on Wednesday.
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.
The singer ranks second behind American television talk-show host Oprah as the richest female entertainer.
The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated US$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 actress, the magazine said.
Rihanna`s beauty company is part owned by LVMH. The brand 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.
Rihanna was able to add the profits from her successful beauty brands to her fortunes earned from her chart-topping music career and acting roles. She earned 14 No. 1s and 31 top-10 singles in the U.S. alone.
Her iconic songs include “Diamonds,” “Umbrella” and “We Found Love.”
The famed pop singer has earned nine Grammys over the course of her career, though the singer has not released a new album since “Anti” in 2016.
For now, she is continuing to prioritize her beauty and fashion brands. Her Twitter teased the launch of a Fenty Perfume line, which would bring her full circle to some of her first forays into beauty products.
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