Fenty Beauty Is a Hit but Did It Make Rihanna a Billionaire? The Answer Won't Surprise You
Makeup and beauty lines have been the most lucrative projects for celebrities in recent years. Britney Spears has her perfume line that brings in a cool $50 million a year. Jessica Alba’s health and beauty company, The Honest Company, is now worth $2 billion.
And then there is Rihanna, who came out with her makeup line, Fenty Beauty, in 2017. Since the launch of Fenty Beauty, Rihanna has been flooded with rave reviews for her products. In fact, Fenty Beauty's sales in its first month of operation were five times higher than those of Kylie Cosmetics. So how much is Fenty Beauty worth, and is Rihanna now an actual billionaire? We have the details!
Rihanna is officially a part of the exclusive billionaire club.
According to Forbes, the entrepreneur can now add another impressive feat to her long list of accomplishments — billionaire. Yes, you read that correctly! Our favorite bad gal has accumulated a net worth of $1.7 billion.
This achievement has also made Rihanna the wealthiest female musician in the world and the second wealthiest female entertainer. (Oprah Winfrey in No. 1.) Now, this is what we call #BlackGirlMagic!
Of course, what brought Rihanna to this historic achievement is none other than Fenty Beauty. Per Forbes, Rihanna has been confirmed to own 50 percent of Fenty Beauty, which makes up $1.4 billion of her fortune.
Considering the fact that Fenty Beauty first hit the market in 2017, it’s very telling of how successful and influential Rihanna is in the industry.
The rest of her fortune comes from Savage Fenty, Rihanna’s lingerie brand that’s worth $270 million, and her success as a pop star and actress.
In 2020, Rihanna was said to be in the running to become the first British-based billionaire musician.
According to Mirror.UK, Rihanna qualified for the U.K. music “rich list” for the first time in 2020. At the time, she was ranked third on the list put together by the Sunday Times.
Paul McCartney and Andrew Lloyd Webber took the first and second spot on the list. However, due to COVID-19, there was speculation that Andrew Lloyd Webber's finances could take a big hit, which would have helped Rihanna pass him on the list for total earnings.
Rihanna dated a billionaire Saudi businessman.
Rihanna was linked to billionaire Hassan Jameel, a Saudi businessman and heir to Toyota. According to Business Insider, Hassan’s family owns Abdul Latif Jameel, the largest distribution company for Toyota in several Middle Eastern countries. He heads the company's domestic operations in Saudi Arabia. He handles automotive, land and real estate, and machinery operations.
Though it looks like the couple split in January 2020, for some time, Rihanna was quite serious about Hassan. "I got into a new relationship, and it matters to me," she told Interview Magazine, "It was like, 'I need to make time for this.' Just like I nurture my businesses, I need to nurture this as well. I'll shut things down for two days, three days at a time. On my calendar, we now have the infamous 'P,' which means personal days. This is a new thing."
Aside from Rihanna's romantic relationships, one thing the Barbados-born beauty has taught us is how to collect your coins and achieve lasting wealth.
Congratulations are definitely in order to Rihanna for reaching billionaire status!