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Rihanna’s secret to becoming a billionaire – El Sol de México

Barbadian singer Rihanna, the world’s richest female music artist, has entered Forbes magazine’s billionaires list for her fashion and beauty businesses, with an estimated net worth of $ 1.7 billion.

With an article dedicated to the 33-year-old businesswoman, the publication reported on Wednesday that Rihanna also has the second largest global fortune among women dedicated to entertainment behind the American presenter Oprah Winfrey.

Robyn Rihanna Fenty – her real name – has grown her portfolio considerably since she was considered the richest singer in the world in 2019, mostly due to the profits of her beauty company, Fenty Beauty, in which she owns 50% of the capital.

About 1.4 billion of her assets correspond to the value of Fenty Beauty, another 270 million are attributed to her lingerie firm, Savage x Fenty, and the rest to her income as a musical star and actress.

The magazine also highlights Rihanna as the beauty entrepreneur who has been most successful using her social networks, where she has millions of followers, to boost her business.

The singer launched Fenty Beauty in 2017 together with the French luxury conglomerate LVMH with the aim of making inclusive products, offering a wide range of colors in their makeup bases – with about 40 shades – to reach a greater diversity of clients.

Since then she has expanded her lines: a year ago she presented a range for skin care, Fenty Skin, and will soon launch Fenty Parfum, a unisex fragrance created by the artist.

In 2019 he created Fenty, a fashion brand under the command of LVMH, which owns brands such as Dior, Givenchy and Kenzo, but earlier this year announced that it was suspending its activities “pending an improvement in the situation” due to the pandemic.

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Regarding her musical career, the Grammy winner released eight studio albums before turning entirely to business, the last of them “Anti” (2016), although in recent months she has suggested that she is working on her ninth project.

With information from .

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