Rihanna, the 34-year-old Barbados native, has officially reached billionaire status. Most probably know Rhianna as the pop star that brought you “Diamonds,” “Umbrella,” and “Disturbia.” However, you may not have known that she is an exceptional entrepreneur. The majority of her wealth is not contributed to her musical career but to her vastly growing business ventures.
Rihanna’s Cosmetic Line
According to reports, Rihanna’s cosmetic line, Fenty Beauty, attributes to the majority of her wealth. Rihanna launched Fenty Beauty on September 8th, 2018. The brand’s main attraction is its broad inclusivity across skin tones and genders; it reportedly generated more than 550 million in revenue in 2020. Since its launch, Fenty Beauty has continued to grow year over year. Rihanna co-owns Fenty Beauty with her business partner, luxury conglomerate LVMH.
In addition to Fenty Beauty, Rihanna is a 30% stakeholder in Savage x Fenty. Savage x Fenty is a lingerie line that caters to women of all sizes. Rihanna intends to create the most comfortable lingerie to make women feel more beautiful and confident. When it’s all said and done, Rihanna ranked 1,726 out of 2,668 billionaires globally. Her net worth came in at a whopping $1.7 billion.
Other Artists Along Side Rihanna Crack Forbes Billionaire List
Rihanna is not the only celebrity that ranked among the 2,668 billionaires in the world. Fellow artists Kayne West and Jay Z were on the list as well. Kayne West ranked no.1,513 with $2 billion, and Jay Z no. 2,076 with $1.4 billion. The trio truly meant it when they said they run this town on their Grammy-nominated single “Run This Town” by Jay Z, featuring Kayne West and Rihanna.
As for the top 5 richest globally, Elon Musk started the list off at number 1. His net worth came in at $219 billion. Amazon founder Jeff Bezos was second at $171 billion. Then the top 5 rounded off with no. 3 Bernard Arnault at $158 billion, followed by Bill Gates at $129 billion, and finally Warren Buffet at no. 5 with $118 billion.