Barbadian singer, Robyn Rihanna Fenty, known mononymously as Rihanna has set a new world record as she became the world’s wealthiest female musician. The business magazine, which trails and shares data on the world’s wealthiest individuals, disclosed that Rihanna has joined an exclusive group of celebrities as she became the newest billionaire and the world’s wealthiest female musician.
A 33-year-old pop singer has an estimated net worth of $1.7 billion. Presently, Oprah Winfrey becomes the wealthiest female entertainer before Rihanna. Furthermore, Fenty Beauty has the singer’s last name is currently estimated to be worth about $2.8 billion. It was established in 2017 with luxury goods giant LVMH. Rihanna also holds Fenty Skin and the lingerie line Fenty x Savage, which is estimated at $1 billion.
In addition to this, Rihanna also holds nearly 30% of Savage x Fenty and nearly 50% of Fenty Beauty, which is intended to offer customers a more comprehensive beauty firm that provides a broad range of skin types and colors. Since the start of the pandemic, every industry all around the world has experienced a decline in demands.
But demand for makeup firms has remained high. A 2020 yearly report from LVMH uncovered that the revenue dropped because of the pandemic, but the firm disclosed that it also demonstrated good spirit and a substantial improvement in developments in all its activities in comparison to the first nine months of 2020.