Rihanna joins the exclusive club of billionaire artists

Published 08/06/2021

The 33-year-old singer, whose real name is Robyn Rihanna Fenty, had no idea that her cosmetics line, launched in 2017, would make her the wealthiest woman musician in the world.

According to the prestigious American business magazine Forbes, the Barbadian-born songwriter, actress and fashion designer has an estimated fortune of $1.7 billion.

Fenty Beauty, which was launched in 2017 and aims to make "women around the world feel included", is valued at $2.8 billion, but is 50% owned by French billionaire Bernard Arnault and owner of LVMH group and 50% by the singer.

Rihanna, whose last album was released in 2016, recently raised $115 million for her lingerie brand Savage X Fenty, which is now valued at $1 billion and in which Mercy venture partners, the venture capital company co-founded by rapper Jay-Z, and L.Catterton, the private equity firm in which Bernard Arnault is also an investor, have taken respective shares.

Finally, Rihanna has sold 280 million albums and singles since the start of her career in 2005 and has also had 251 million downloads and ringtones, making her the highest selling digital artist of all time.