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Singer Rihanna is formally a billionaire, Forbes says


Aug 4 (Reuters)Pop star Rihanna’s web price is estimated at $1.7 billion, making her the richest lady musician on the planet, however her music is just not the first supply of her wealth, Forbes journal mentioned on Wednesday.

The Barbados-born singer, whose beginning title is Robyn Fenty, derives an estimated $1.Four billion of her fortune from her 50% stake within the Fenty Magnificence cosmetics line, Forbes reported.

The remainder of Rihanna’s wealth comes from her share of the Savage x Fenty lingerie firm and her revenue as a singer and actress, the journal mentioned.

Rihanna’s magnificence firm, of which LVMH LVMH.PA owns the opposite half, is thought for its broad vary of 50 pores and skin tones, together with darkish shades for ladies of shade, which had been uncommon when it launched in 2017. This made it a pacesetter in inclusivity within the business.

The singer of “Umbrella” and “Love the Means You Lie” ranks second behind Oprah because the richest feminine entertainer, Forbes mentioned.

(Writing by Cynthia Osterman; Modifying by Dan Grebler)

((Cynthia.osterman@thomsonreuters.com;))

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