Rihanna is officially a billionaire, Forbes says

Forbes announced Wednesday that Rihanna joins the ranks of Oprah Winfrey as

one of the richest entertainers in the world. The publication estimates her net worth

at $1.7 billion, with most of it coming from her cosmetic brand Fenty Beauty.

the singer-turned-entrepreneur, born Robyn Fenty, launched Fenty Beauty in 2017

in partnership with luxury goods conglomerate LVMH. The brand’s launch focused

on inclusivity with a then-unprecedented 40 shades of foundation, which prompted

the “Fenty Effect” in which other brands expanded their shade ranges for complexion

products.

Now the brand covers everything under the sun of makeup, from brushes and blushes

to lipsticks. Forbes estimates $1.4 billion of her worth comes from Fenty Beauty

and $270 million coming from her lingerie brand Savage X Fenty — the business

magazine said the rest of the $1.7 billion is sprinkled in from the Bajan star’s music and acting career.