Rihanna is reportedly a billionaire
Pop superstar and entrepreneur Rihanna is reportedly a billionaire.
The Work hitmaker is believed to have joined the billionaire club, as Forbes magazine has reported the star’s worth at an estimated US$1.7 billion, thanks to her hugely popular music career, as well as her fashion and beauty brands.
The publication claims Rihanna’s impressive earnings make her the wealthiest female musician in the world, and is the secondwealthiest female entertainer behind Oprah Winfrey.
And while the 33-year-old singer is listed as the wealthiest female musician, it’s her fashion and beauty businesses that make up the largest chunk of her earnings.
Forbes has reported that around $1.4 billion of Rihanna’s wealth comes from her 50 per cent stake in Fenty Beauty, which she launched in September 2017.
Since first introducing her shade-inclusive make-up brand, Rihanna has expanded into Fenty Skin and a soon-to-be-launched Fenty fragrance. Another portion of her earnings, around $270 million, is believed to have come from her size-inclusive lingerie line, Savage X Fenty, which the star debuted in 2018. Rihanna’s impressive wealth even comes as she has pressed pause on her music career, with her most recent album, Anti, being released back in 2016.
NEW MUSIC
The Needed Me singer teased earlier this year that new music was coming “soon,” but has remained tight-lipped on any further news.
And Rihanna also revealed that the COVID-19 pandemic has been “humbling” and has helped her “appreciate the little things in life,” like going for a walk or cooking.
She said: “I’ve enjoyed doing the little things I wouldn’t normally have time to do, like cooking, going for a walk, and riding my bike. It’s been humbling, too. [The pandemic] has affected so many people in horrendous ways, it’s reminded me that it’s important to appreciate the little things in life.”
But the star admitted she has struggled with staying at home because she “likes to feel in control”. She added: “I’m someone who likes to feel in control and last year was tough, in that, like so many of us, I felt like that wasn’t the case. That’s why it’s so important to be kind to yourself.”