Rihanna has reportedly reached billionaire status thanks largely to her Fenty Beauty line, which she launched in 2017.
According to Forbes, the 33-year-old singer/entrepreneur amassed her estimated $1.7 billion net worth via Fenty Beauty profits. She is now the second-richest woman in entertainment behind Oprah Winfrey.
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The publication read: “The bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%. Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress.”
The Forbes article goes on to note: “By 2018, its first full calendar year, the line was bringing in more than $550 million in annual revenues, according to LVMH, beating out other celebrity-founded brands like Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Co.”