Rihanna Fenty's net worth has surpassed $1.7 billion dollars, making her the world's richest female musician. She was also added to Forbes' list of billionaires throughout the world.
Surprisingly, it was her company that enabled her land a spot on the magazine's list rather than her music career that made her a billionaire.
Her net worth is $1.4 billion because to her participation in the Fenty Beauty Cosmetics Company. According to Forbes, the majority of her net worth comes from her $270 million investment in lingerie firm Savage x Fenty and profits from her acting and singing careers.
Rihanna, who was born in Barbados, has used social media to successfully build her beauty brand. She has over 101 million Instagram followers and over 102.5 million Twitter followers.
Fenty Beauty is a cosmetics company founded by Rihanna.
In 2017, the Fenty Beauty Cosmetics Company was founded. Rihanna and LVMH, a French luxury goods behemoth, have formed a 50-50 joint venture.
Bernard Arnault, the world's second richest man, is the CEO of LVMH.
The cosmetics firm sells a wide range of items. Its items are available both online and at Sephora stores.
It was through this enterprise that Rihanna was able to achieve her goal of becoming a billionaire.