Forbes’ Billionaires List: Kanye West, Jay-Z, and Rihanna are the first to be included
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It was previously claimed the bulk of her fortune ($1.4billion/PS1billion) comes from her 50 percent stake in her cosmetics line Fenty Beauty – a joint venture with French luxury goods conglomerate LVMH – and worth $2.8billion (PS2billion) in total.
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The mogul is a multi-millionaire thanks to her $270 million stake in Savage X Fenty lingerie and the wealth she has accumulated over 16 years of recording.
Fenty Beauty was founded by Rihanna in 2017 as a beauty brand. She wanted to make women feel included.
When it launched its first foundation line in 40 shades, it became a pioneer in diversity in the makeup market.
The makeup line that the You Da One singer launched was first sold at Sephora. It saw sales surpassing $100 million in its first week.
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