Step aside, Kylie - there's a new billionaire in town. This past week, Rihanna became the latest star to join the nine-digits club. But the reason behind her swanky new status might just surprise you (psst, it's not thanks to her music). Keep scrolling.
On Wednesday, August 4, Forbes broke the big news after accounting for the singer's recent earnings. As they put it, RiRi's net worth now sits at an estimated $1.7 billion. Aaaand suddenly we've never felt more broke. As for how she managed to secure the hefty paycheck? One word: Fenty.
For those who haven't yet caught Rihanna's face in Sephora or Ulta, the artist has been blessing us with some of the best beauty products in the game ever since 2017. Sure enough, after launching Fenty Beauty - a cosmetics line intended to make "women everywhere (feel) included" - the singer's gone on to change more lives than those using her best-selling products.
In fact, as Forbes put it, Fenty Beauty is also to thank for RiRi's newfound fortune: about $1.4 billion of her recent wealth can actually be credited to the cosmetics line, which she's got a 50% stake in - as the website reports. As for where the rest of Rihanna's millions are coming from?
From her size-inclusive lingerie line, Savage X Fenty (worth an estimated $270 million), to, of course, her time as a record-breaking musician, the Barbados beauty has made lots of business moves over the years. But she's not the only one pocketing a pretty penny over in Hollywood. In fact, while she might now be the wealthiest female musician in the world, she's only 2nd when it comes to the wealthiest female entertainer...
Any guess who's sitting in first place? No, not Kylie (though she certainly comes close). As Forbes revealed, Oprah Winfrey is currently the richest female entertainer in the world. Not only is she the queen of daytime, but she's also worth almost double RiRi's Fenty earnings: about $2.7 billion, according to the website. But given Rihanna's rumored upcoming album (that's supposedly coming "soon," as she teased), we've got a feeling her bank account isn't done growing...
Stay tuned.
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