Rihanna is the richest female musician in the world

On the other hand, her Fenty fashion label did not contribute to her billion-dollar fortune, as it was shut earlier this year due to its failure.

Rihanna is now officially a billionaire and the world’s richest female musician, as per ‘Forbes’. The actor-singer is worth $1.7 billion, with an estimated $1.4 billion coming from the value of her Fenty Beauty cosmetics company. The other major part of the pop star’s earnings comes from her lingerie company, Savage x Fenty, worth an estimated $270 million.

Her singing and acting jobs also add to her fortune, even though she hasn’t released an album since 2016’s ‘Anti’. However, the 33-year-old was recently spotted shooting for a music video with boyfriend A$AP Rocky.

On the other hand, her Fenty fashion label did not contribute to her billion-dollar fortune, as it was shut earlier this year due to its failure.

According to the BBC, RiRi is second only to talk show host Oprah Winfrey as the world’s richest female entertainer.

When the ‘Diamonds’ singer launched Fenty Beauty in 2017, her aim was to cater to “every type of woman”. The Barbadian star came up with 40 different foundation shades, which was not common at the time. It led to the so-called “Fenty Effect” where rival brands broadened their shade ranges for makeup products.

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