Much of her fortune comes from her makeup brand, which she owns 50 percent.
The rest of her fortune comes from her lingerie line, Savage x Fenty, which has an estimated worth of $270 million. Her beauty venture is a 50-50 split with LVMH, which is run by the second richest person in the world, Bernard Arnault.
Forbes estimates, “Thanks to the impressive multiples at which beauty companies are trading, Fenty Beauty is worth a conservative $2.8 billion, And all signs point to the company continuing to grow.”
Its been 5 years since the singer dropped her critically acclaimed album, Anti, but with a 30 percent stake in Savage x Fenty, financially speaking she doesn’t have to drop any more music to sustain her wealth, even though we’re certain the Rihanna Navy would disagree. With this latest estimation, it now makes the 33-year-old star the worlds richest female musician, and the second richest entertainer, behind Oprah Winfrey.
Last week, the serial entrepreneur set the internet ablaze with the announcement of her latest business venture. In a post via her Instagram page, the Umbrella singer wrote, “#FENTYPARFUM COMING SOON”
YAS RIH! EXPAND ON THAT EMPIRE,” wrote one user. While another person chimed in, “Sis please stop murdering us with these fire looks I’m dead,” referring to the stunning photo. Details are still developing on what kind of fragrances the new line will feature but it’s important to note that Rihanna is certainly no stranger to the perfume world.
News Source: BlackAmericaWeb Reporter Credit: Justin Thomas
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.