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Rihanna Becomes Richest Woman in Music

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She has a net worth of $1.7 billion

Rihanna, a US singer, is now a self-made billionaire reports Forbes, an American business journal.

According to the publication, Rihanna made this feat thanks to her cosmetics firm, Fenty Beauty, which she founded in 2017.

Rihanna is currently the world's wealthiest female musician, with a net worth of $1.7 billion. She is only second in wealth to Oprah Winfrey, the richest female performer in the world.

The singer owns 50% of Fenty Beauty, which contributed $1.4 billion to her net worth, with the rest coming primarily from her singing career.

LVMH, a French luxury goods behemoth, owns the remaining 50% of the cosmetics company.

Savage x Fenty, her lingerie company, has garnered $115 million in investment since its inception in 2018.