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Published: 15:30, August 05, 2021 | Updated: 18:03, August 05, 2021
Singer Rihanna is officially a billionaire, Forbes says
By Reuters
Published:15:30, August 05, 2021 Updated:18:03, August 05, 2021 By Reuters

In this Nov 14, 2019 photo, Barbadian singer/actress/designer Rihanna arrives for the AFI Opening Night Gala premiere of "Queen & Slim" at the TCL Chinese Theatre in Hollywood. (FREDERIC J BROWN / AFP)

Pop star Rihanna’s net worth is estimated at US$1.7 billion, making her the richest woman musician in the world, but her music is not the primary source of her wealth, Forbes magazine said on Wednesday.

Rihanna ranks second behind Oprah as the richest female entertainer, Forbes said

The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated US$1.4 billion of her fortune from her 50 percent stake in the Fenty Beauty cosmetics line, Forbes reported.

The rest of Rihanna’s wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actress, the magazine said.

ALSO READ: Rihanna cracks male-dominated top 10 of UK's richest musicians

Rihanna’s beauty company, of which LVMH owns the other half, is known for its broad range of 50 skin tones, including dark shades for women of color, which were rare when it launched in 2017. This made it a leader in inclusivity in the industry.

The singer of Umbrella and Love the Way You Lie ranks second behind Oprah as the richest female entertainer, Forbes said.

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