Bajan Entertainer Rihanna Joins Billionaire Club

Bajan pop star and fashion icon, Robyn “Rihanna” Fenty is officially a billionaire, according to business magazine Forbes.

According to Forbes, the Bajan cultural ambassador has a net worth of $1.7 billion, making her the world’s wealthiest female musician and second only to Oprah Winfrey as the world’s wealthiest female entertainment.

However, Rihanna is not just wealthy because of her music; she is also affluent because of her beauty and fashion companies.

Fenty Beauty is worth $2.8 billion, according to Forbes, and RiRi owns 50% of the company. Fenty Beauty accounts for $1.4 billion of RiRi’s fortune. Her lingerie brand, Savage x Fenty, is worth an estimated $270 million, while the remainder of her money comes from her profession as a musician and actor, in which she owns 30% of the company.

Rihanna has been one of the most successful celebrity entrepreneurs to go into the beauty business, with Fenty Beauty being one of the most profitable celebrity-founded beauty companies, with over $550 million in yearly earnings. According to the magazine, she defeated Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty, and Jessica Alba’s Honest Co.

Rihanna’s success is based on her acceptance of various genders, shapes, sizes, and skin tones. She has defied society’s rigorous beauty standards and carved her own path, promoting her products to a wide range of demographics under the unifying concept that “different is beautiful.”

“A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark,” Shannon Coyne, co-founder of consumer products consultancy Bluestock Advisors told Forbes. “We all know that’s not reality. She was one of the first brands that came out and said, ‘I want to speak to all of those different people.”