Entertainment
Rihanna is officially a billionaire, Forbes says – and the world’s richest female musician
US singer, Robyn Fenty aka Rihanna, has been declared a billionaire by American business magazine, Forbes.
The magazine stated that Rihanna attained the feat due to a cosmetic company, Fenty Beauty, which she launched in 2017.
With a worth of $1.7 billion, Rihanna is now the wealthiest female musician in the world. She comes second to Oprah Winfrey who is the richest female entertainer in the world.
The singer owns 50 per cent of Fenty Beauty which produced an estimated $1.4 billion of her wealth, with the rest coming mostly from music.
The other 50 per cent of the cosmetic company is controlled by French luxury goods conglomerate LVMH.
Her lingerie line, Savage x Fenty, which was launched in 2018 raised $115 million in funding.
However, it is not everything touched by the singer that turns to gold.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
