Rihanna is now a billionaire, and second only to Oprah Winfrey as wealthiest female entertainer (2024)
Good girl gone billionaire? Barbadian singer Rihanna just joined an exclusive group of celebrities as the newest billionaire and the world’s wealthiest female musician, Forbes reported Wednesday.
Rihanna’s fortune currently stands at about $1.7 billion, the finance magazine tabulated. Only Oprah Winfrey surpasses her as the wealthiest female entertainer.
But while Rihanna may be known for hits such as “Umbrella” and “Diamonds,” her fortune is largely the result of the beauty and fashion companies she founded.
Fenty Beauty — which comes from the singer's last name — is currently valued at about $2.8 billion, and was founded in 2017 with luxury goods giant LVMH. Rihanna also owns Fenty Skin and the lingerie line Fenty x Savage, which is worth $1 billion.
Forbes estimated that Rihanna owns about 30 percent of Savage x Fenty and about 50 percent of Fenty Beauty, which aims to provide consumers with a more inclusive beauty company that offers a wide range of skin types and colors.
Demand for the makeup company has remained fairly steady even as the pandemic sent shockwaves through the retail market. A 2020 annual report from LVMH revealed decreased revenue as a result of the pandemic, but the company said it also “showed good resilience” and “a significant improvement in trends in all its activities compared to the first nine months of 2020.”
Rihanna's fortune currently stands at about $1.7 billion, the finance magazine tabulated. Only Oprah Winfrey surpasses her as the wealthiest female entertainer. But while Rihanna may be known for hits such as “Umbrella” and “Diamonds,” her fortune is largely the result of the beauty and fashion companies she founded.
Winfrey, 69, best known for her talk show The Oprah Winfrey Show (1986 to 2011), sits at the top with US$2.5 billion (S$3.4 billion). In second place with US$1.4 billion is singer Rihanna, who made the bulk of her fortune from her make-up line Fenty Beauty, which saw its sales double in 2022.
The world's richest black woman, Oprah Winfrey worth $2.8 billion(Forbes) is set to wrap up her nearly 10-year tenure on the board of Weight Watchers, marking a significant chapter in her association with the weight management company.
In fact, they are on Forbes' list of the 15 richest female celebrities. Forbes released its list last week. Rihanna is worth a staggering $1.4 billion. Taylor Swift has a net worth of $740 million, and Beyonce is at $540 million.
Rihanna's estimated net worth is $1.4 billion in 2023. She became America's youngest self-made female billionaire in 2022. Much of Rihanna's wealth has been attributed to her successful makeup company, Fenty Beauty, which she co-owns with French luxury retailer LVMH.
1. George Lucas. Star Wars director George Lucas has been a billionaire for years, but thanks to a wise sale of his production company LucasFilm to Disney in 2012, he is raking it in today.
That title belongs to none other than Aliko Dangote of Nigeria. Along with being the richest Black man with a net worth of $11.2 billion (as of the time of publishing this article), he's also Africa's richest person, and the 158th richest person in the world when you don't filter for race.
Aliko Dangote is the richest man in Africa and the richest Black man in the world, with an estimated net worth of around $13.4 billion in 2024. 1 His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.
The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune.
Perhaps the most surprising star that ranked ahead of Swift on this year's list was Kim Kardashian, who came in at No.6 with a reported net worth of $1.7 billion. Of course, the reality star's Skims shapewear line has allowed her to make a bulk of money in recent years, as it was valued at $4 billion in 2023.
Rihanna launched Fenty Beauty in 2017, when she was 29 years old. Previously, she had collaborated with MAC Cosmetics, as well as released 10 fragrances via Parlux Ltd, but Fenty Beauty was her first solo cosmetics brand.
Swift landed at No.34 with a net worth of $750 million; Judy Sheindlin, aka Judge Judy, is at No. 56 with $480 million and Winfrey at No. 13 with $2.5 billion.
Introduction: My name is Nathanael Baumbach, I am a fantastic, nice, victorious, brave, healthy, cute, glorious person who loves writing and wants to share my knowledge and understanding with you.
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