Last Updated on: 8th July 2023, 01:28 am
How Much is Rihanna’s Net Worth in 2023?
Rihanna has officially achieved billionaire status!
The singer, née Robyn Fenty, has not only risen to the top as an artist but has also become an entrepreneur in recent years thanks to Fenty Beauty, the cosmetics company that focuses on “making women feel included”.
After its launch in 2017, Fenty Beauty is now the reason Rihanna became a billionaire.
Is She Officially Becomes A Billionaire At The Age Of 33
The 33-year-old Rihanna now has a Net Worth of around 1.7 Billion US Dollars in 2023, according to Forbes.
That not only makes her the richest music in the world, but Rihanna is also now the richest artist alongside Oprah Winfrey.
Her fortune is estimated at 1.7 Billion US Dollars thanks to Fenty Beauty, of which “Love On The Brain Singer” owns half.
The rest of her pieces come from her lingerie company, Savage x Fenty, which is worth around $270 million, and the rest can be attributed to the money she made as a musician and top-charter successes.
If people haven’t seen Rihanna as a mogul, now is the time to definitely start. The Barbadian native even benefited from her presence on social media with 101 million followers on Instagram and 102.5 million followers on Twitter.
Not only did her social media help her build a beauty brand, but she is also one of the most successful beauty entrepreneurs today.
Fenty Beauty is more than just a cosmetic brand. Rihanna created the line with one goal in mind: inclusion.
Products are available in a range of base colors in 50 shades, as well as darker shades for women of color who often struggle to find the makeup that fits them perfectly.
The 50-50 shared feature with French luxury goods company LVMH is often advertised by using a group as diverse as the makeup line.
In the company’s first full calendar year of 2018, Fenty Beauty generated more than $550 million in annual sales, ultimately outperforming other celebrity-founded brands such as Jessica Alba’s Honest Company, Kim’s KKW Beauty, Kardashian West, and Kylie Cosmetics de Kylie Jenner.
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As we previously reported, Rihanna’s successful Savage x Fenty brand has reached a milestone after launching a $115 million Series B funding round in February 2022, which reached a valuation of $1 billion.
