The celebrity has reached fame after hits such as ’Umbrella’ and has been venturing into the world of business, creating beauty and fashion brands. Rihanna’s ambition and work ethic paid off as Forbes announced she is the newest billionaire, with $ 1.7 billion. The Barbados-born singer is the wealthiest female musician. Thanks to her desire to make females worldwide feel included, she decided to create Fenty Beauty and later become a billionaire.
Fenty Beauty and Savage x Fenty are a real success
Rihanna currently owns 50% of Fenty Beauty, and her lingerie company, Savage x Fenty is worth around $270 million. She is an entrepreneur and a successful businesswoman who managed to create a legacy. Fenty Beauty’s central message is inclusivity, and the company is co-owned by LVMH. The Fenty foundation is famous for providing a wide range of colours, with over 50 shades, including darker tones for women of colour. This has proven especially helpful, as there was not enough diversity to cover all skin types. Forbes magazine estimates that Fenty Beauty is worth $2.8 billion, and the future is even more promising.
Savage x Fenty
The lingerie line is estimated at $1.8 million, and it was created together with TechStyle Fashion Group. Rihanna has 30% of Savage x Fenty. Unfortunately, her high-end fashion accessories under Fenty were not successful, and it might be due to the prices and the covid pandemic. The last collection was released in November 2020. The idea behind it was to offer high-end accessories in a wider range of sizes.
Although Rihanna is doing well and became a billionaire, her fans also wonder when she might release a new album. It has been five years since ‘Anti’, and everyone is excited to listen to new hits.