Thirty three year-old Barbados native Robyn Fenty, best known to the world as singing superstar Rihanna, through the success of her smash hits and cosmetics company Fenty Beauty, has officially become a billionaire.
According to Forbes, Rihanna is now worth $1.7 billion, which makes her the wealthiest woman musician on the planet.
Although Rihanna has ruled the global music charts with hits like “Umbrella,” “The Only Girl In the World,” “Diamonds,” and “Work,” the bulk of her assets come from Fenty Beauty ($1.4 billion) and her lingerie offshoot Savage x Fenty (approximately $270 million).
Forbes estimated that Rihanna owns about 30 percent of Savage x Fenty and about 50 percent of Fenty Beauty, which works to provide consumers with inclusive beauty products that work for a wide range of skin types and colors.
Rihanna has used her amassing wealth to support and create several charities, such as her Clara Lionel Foundation, which she founded in 2012 in honor of her grandparents.
CLF supports and funds education initiatives and emergency response to natural disasters, and advocates for policy and systems change to improve the quality of life for communities across the globe.
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[…] worldwide brands, she also has developed an organization to help those in need. In 2012, Rihanna created the Clara Lionel Foundation, and two years after, a charity event known as the Diamond Ball. Rihanna’s philanthropy work […]
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