Rihanna becomes second-wealthiest female entertainer behind Oprah Winfrey
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Rihanna is reportedly a billionaire, after raking in the cash from her Fenty Beauty line, as well as her music and her Savage x Fenty fashion brand.
The ‘Work’ hitmaker is believed to have joined the billionaire club, as Forbes magazine has reported the star’s set worth at an estimated $1.7 billion, thanks to her hugely popular music career as well as her fashion and beauty brands.
The publication claims Rihanna’s impressive earnings make her the wealthiest female musician in the world, and is the second-wealthiest female entertainer behind Oprah Winfrey.
And while the 33-year-old singer is listed as the wealthiest female musician, it’s her fashion and beauty businesses that make up the largest chunk of her earnings.
Forbes has reported around $1.4 billion of Rihanna’s wealth comes from her 50 percent stake in Fenty Beauty, which she launched in September 2017.
Since first introducing her shade-inclusive makeup brand, Rihanna has expanded into Fenty Skin and a soon-to-be-launched Fenty fragrance.
Another portion of her earnings, around $270 million, is believed to have come from her size-inclusive lingerie line, Savage X Fenty, which the star debuted in 2018.
Rihanna’s impressive wealth even comes as she has pressed pause on her music career, with her most recent album, ‘Anti’, being released back in 2016.
The ‘Needed Me’ singer teased earlier this year that new music was coming “soon”, but has remained tight-lipped on any further news.
And Rihanna also revealed the COVID-19 pandemic has been “humbling” and has helped her “appreciate the little things in life” like going for a walk or cooking.
She said: “I’ve enjoyed doing the little things I wouldn’t normally have time to do, like cooking, going for a walk and riding my bike. It’s been humbling, too. [The pandemic] has affected so many people in horrendous ways – it’s reminded me that it’s important to appreciate the little things in life.”
But the star admitted she has struggled with staying at home because she “likes to feel in control”.
She added: “I’m someone who likes to feel in control and last year was tough in that, like so many of us, I felt like that wasn’t the case.
“That’s why it’s so important to be kind to yourself. A pamper evening, a chilled night where you order in your favourite food – whatever makes you feel good. For me, that’s a movie night and ice cream.”