Rihanna earned a billion dollars and became the richest artist in the world

American pop singer and entrepreneur Rihanna has earned a billion dollars and officially became the richest artist globally. Information about this appeared on the website of Forbes publication on Wednesday, August 4.

According to experts, Rihanna’s fortune at the moment is $ 1.7 billion. At the same time, most of the revenue (approximately $ 1.4 billion) she got thanks to her own cosmetics company Fenty Beauty. It is known that half of the brand’s shares belong to the star and the other half – to the French conglomerate and luxury goods manufacturer LVMH.

It is noted that the cosmetics brand continues to grow. In 2020, LVMH representatives provided a report that emphasized that the Fenty Skin project “caused an unprecedented stir” and became a leading cosmetics brand.

In addition, part of the entrepreneur’s fortune is accounted for by her share in the underwear brand Savage x Fenty, which she owns jointly with the company TechStyle Fashion Group. The brand is estimated at $ 270 million.

“Even if you don’t like her music, it’s impossible to deny that Rihanna has created real trends in the field of fashion and beauty,” said Shannon Coyne, co-founder of the consulting company Bluestock Advisors.

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Author: Oleg Ceban
Graduated from University of Oxford. Previously, he worked in various diferent news media. Currently, it is a columnist of the world news section in the Free News editors.
Function: Editor
Oleg Ceban

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