RIHANNA was ranked the wealthiest female musician on Forbes 2022 billionaire list.
Her claim to wealth comes not only from her musical career but also from her business ventures.
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Rihanna is the face of her makeup and underwear brands
What is Rihanna’s net worth?
Rihanna was ranked as the world’s wealthiest female musician in Forbes 2022 annual report.
She was also ranked as the first billionaire in her home country, Barbados.
This is the first time Rihanna was ranked as a billionaire on Forbes’ list and she is now worth an estimated $1.7billion, earning her the rank of 1,729.
Her new status comes alongside another newcomer, Peter Jackson, the renowned film director of the Lord of The Rings trilogy and The Hobbit.
Rihanna’s wealth comes in part from her career in music, but mostly from her businesses Fenty Beauty and Savage X Fenty
Fenty Beauty is a makeup brand that in late 2020 branched out into skincare, and Savage X Fenty is a luxury underwear brand for women and men.
With both of these brands, Rihanna has been praised for her efforts to be inclusive and diverse in her representation of the brands’ images by doing things such as using a mix of models.
She is also cited as being part of a key turning point in modern beauty history.
When Fenty Beauty launched, the first foundation it released had 40 shades with a mix of undertones and a number of shades at the darker end of the spectrum.
The popularity of the launch, which saw people line up for hours just to gain access to shop in-store, has helped set a new beauty industry standard in terms of diversity.
Meanwhile, for the launch of Savage X Fenty, models with a mix of body sizes and from various communities were used to promote the underwear.
In October 2020, the model selection went viral again on Twitter after a male model with a larger body type was used in product imagery.
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Rihanna’s brands have been praised for their inclusivityCredit: AP:Associated Press
Tweets showed that it helped people feel more comfortable in their bodies.
How much of Savage X Fenty does she own?
Savage X Fenty and Fenty Beauty are co-owned by LVMH, a French luxury giant owned by billionaire Bernard Arnault.
Rihanna owns 50 percent of Fenty Beauty, according to The New York Post.
According to Forbes, Savage X Fenty is reportedly worth $270million as of March 2022.
It is expected to reach around $3billion as of April 2022 and she has a 30 percent ownership stake in Savage X Fenty.
What did Rihanna say about becoming a billionaire?
Rihanna was approached in New York City by a paparazzo who asked how she felt about becoming a self-made billionaire.
The 34-year-old artist and entrepreneur only responded, “God is good.”
Her previous comments about her career have been to stress the importance of taking time for herself and focusing on what she enjoys doing most.
“It’s only the last couple years that I started to realize that you need to make time for yourself, because your mental health depends on it,” she told Interview Magazine in 2019.
“If you’re not happy, you’re not going to be happy even doing things that you love doing. It’d feel like a chore. I never want work to feel like a chore.
“My career is my purpose, and it should never feel like anything other than a happy place.”
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