Rihanna is officially a billionaire, according to Forbes. The business magazine on Wednesday reported the 33-year-old pop star's estimated net worth to be US$1.7 billion, making her the wealthiest female musician.
Forbes estimates Fenty Beauty alone is worth $2.8 billion. In 2018, the makeup brand, which is sold at Sephora stores, was generating more than $550 million in annual revenues, earning more than Kim Kardashian West's KKW Beauty, Kylie Jenner's Kylie Cosmetics and Jessica Alba's Honest Company, the magazine reported.standards of beauty
. One of the keys to Rihanna's success has been marketing products to women of all shapes, sizes and skin shades, according to Shannon Coyne, cofounder of Bluestock Advisors, a consumer products consultancy. "She was one of the first brands that came out and said 'I want to speak to all of those different people,'" Coyne told Forbes. "A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark. We all know that's not reality."in February after receiving a $1 billion valuation. LVMH CEO Bernard Arnault and rapper Jay Z are also principle investors in the lingerie brand.
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