Rihanna the billionaire

Robyn Fenty known to the world as R&B pop singer Rihanna becomes the richest female musician on the planet after she launched Fenty Beauty in 2017, the cosmetic company she sought to create cosmetics that made “Women everywhere feel included”.

Rihanna is now worth £1.22bn. (US$1.7bn} is the wealthiest female musician second only to Oprah Winfrey as the richest female entertainer.

The bulk of her wealth£1bn (US$ 1.4bn)  came from the value of Fenty Beauty, which she owns 50 per cent. Her stakes is mostly in her lingerie company, Savage x Fenty, worth an estimated US$270m .

Barbados-born Rihanna capitalised not only on her presence in social media-she has 101m followers on Instagram and 102.5 m on Twitter.

Fenty Beauty, which 50-50 joint venture with French luxury goods conglomerate LVMH RUN BY Bernard Arnault, the world’s second richest person , with global inclusivity.

” a lot of women felt there was no lines out there that catered to their skin tone. It was light, medium, medium dark, dark”  as Rihanna wanted into do beauty products to include everybody and thanks to the impressive multiples at which beauty companies are trading Fenty Beauty is worth about £3bn, and all signs point to the company continuing to grow. Fenty Skin which launched last year was off to a very promising start by generating unprecedented buzz and that Fenty Beauty “maintained its appeal as a premier makeup brand.”