Rihanna Hits Billionaire Status, Becoming Richest Female Musician

Rihanna at arrivals for OCEAN'S 8 Premiere, Alice Tully Hall at Lincoln Center, New York, NY June 5, 2018. Photo By: Derek Storm/Everett Collection – Stock Editorial Photography

At just 33 years old, Rihanna is officially a billionaire and now the richest female musician in the world.

Forbes published an article Wednesday stating the “Diamonds” artist is now worth an estimated $1.7 billion thanks to the value from the cosmetics line Fenty Beauty she launched in 2017.

“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,” Forbes said.

The combination of her entrepreneurial efforts and her music career have now put Rihanna, whose full name is Robyn Rihanna Fenty, as the second-richest woman in entertainment after Oprah Winfrey.

Related Story: Rihanna Explains Why She Declined Super Bowl Halftime Gig

Some social media users want Rihanna’s business acumen studied in college courses.

@runwayrihbackup tweeted: “She’s only 33 and she’s a BILLIONAIRE. Rihanna and her career need to be studied in school for business and marketing majors.”

@goldengateblond tweeted: “Rihanna created lines of shade-inclusive makeup and size-inclusive lingerie and now she’s filthy rich so there’s today’s business lesson, class dismissed.”

Fenty Beauty is a 50-50 joint venture with French luxury goods conglomerate LVMH and offers foundation in 50 different shades to promote its goal of inclusivity in the beauty industry.

According to Forbes, Fenty Beauty amassed $550 million in annual revenues during its first year on the market, surpassing fellow celebrity beauty brands such as Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Co.