Photo by Samir Hussein/WireImage By Brooklyn White ·August 4, 2021August 4, 2021
Entrepreneur and pop singer Rihanna has made billionaire status according — she’s now worth $1.7 billion. How exactly? Her Fenty empire.
In 2017, the 32-year-old launched Fenty Beauty, an inclusive cosmetics line that made waves for catering to a wide range of individuals. Rihanna owns 50% of the company and has brought in $1.4 billion in less than 5 years. It is under the LVMH conglomerate, which made her the first Black woman under the historical, multinational group.
Since then, she has led Savage x Fenty, a lingerie line, Fenty, a since shuttered clothing operation, Fenty Skin, a skin care company that works in tandem with her beauty line and an upcoming venture called Fenty Parfum, a fragrance due out next week.
Savage x Fenty accounts for the majority of the rest of Rih’s treasure chest according to Forbes.
Her streetdata-type="article" data-id="15555">wears a furry hat? We all wear furry hats. So it was to the world’s glee when she became the temporary creative director of German sportswear line Puma in 2015, giving us a taste of what we could expect from her as a fashion and beauty leader.
“I’ve been slowly evolving throughout the fashion world. First wearing it, buying it, being recognized for my >New York Times in 2019.
Read about Rih’s upcoming Fenty parfum here.
Rihanna is the world’s wealthiest musician and the second highest-earning woman in entertainment, only under Oprah.
Rihanna was featured on the Jan/Feb 2021 cover of ESSENCE. Read about it here.
TOPICS: beauty fenty beauty Rihanna
The post Rihanna Is Officially A Billionaire appeared first on Essence.
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