Rihanna joins billionaires club, credits God

1535
Rihanna attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the Heavenly Bodies: Fashion and the Catholic Imagination exhibition May 7 in New York. (Photo by Charles Sykes/Invision/AP)

BY AFRO Staff

That Bajan girl did good.

Barbados-born Rihanna has joined the now-expected Oprah Winfrey on Forbes’ annual listing of America’s richest self-made women, which was published this week.

The multi-talented entertainer came in at No. 16 on the list, also joining the elite grouping of 26 billionaires. 

Valued at $1.7 billion, the pop star is the wealthiest female musician in the world—second only to Winfrey as the richest female entertainer.

“God is good,” Rihanna replied, when asked by a paparazzo about her newly-minted status while shopping with boyfriend A$AP Rocky in New York.

Though a fan favorite—she has 101 million followers on Instagram and 102.5 million on Twitter—Rihanna does not make the bulk of her money from her music. Instead, the mogul—born Robyn Fenty—garnered most of her fortune (an estimated $1.4 billion) from her 50% stake in Fenty Beauty.

Launched in 2017, the company was founded with an eye toward inclusivity. A 50-50 joint venture with French luxury goods conglomerate LVMH, the company offers a broad spectrum of colors—including hard-to-find foundation shades for darker-hued women—and features models of different races, sizes and shapes.

“A lot of women felt there were no lines out there that caterhased to their skin tone. It was light, medium, medium dark, dark,” said Shannon Coyne, cofounder of consumer products consultancy Bluestock Advisors, about the brand’s popularity to Forbes. “We all know that’s not reality. She was one of the first brands that came out and said, ‘I want to speak to all of those different people.’”

The fashionista also rakes in dough from her lingerie company Savage x Fenty, worth an estimated $270 million.

Help us Continue to tell OUR Story and join the AFRO family as a member – subscribers are now members! Join here!