Today's News!

Rihanna Joins The Billionaire Club According To Forbes

Now I understand why the album has not released yet..

Rihanna is a singer, actress, designer, and business woman. She took the world by storm with her voice and charisma, but her smart business moves made her become a billionaire. According to Forbes, the singer did not become a billionaire thanks to performing.

The reason why Rihanna has joined the exclusive club of billionaire’s is due to Fenty Beauty. Robin Fenty owns 50% of Fenty Beauty. When Fenty Beauty hit the market in 2017, it became one of the most in demand global cosmetic brands. The cosmetic brand stood out with their makeup coming in 50 shades. After the launch of Fenty Beauty, many brands felt the need to hop on the inclusivity beauty train.

While being worth $1.4 billion, Rihanna also earns income from Savage X Fenty. Savage X Fenty, a lingerie company, is worth $270 million by itself. While Rihanna has capitalized off of skin, beauty, and fashion, it looks like she is not stopping anytime soon. The billionaire is planning to launch a perfume company launching in 2021.

Rihanna is an A-List celebrity who used her following on social media to cultivate the culture. Even if people are not fans of her music, they have to admit that she has her foot in the fashion industry. Rihanna is considered to be a game changer with her lingerie brand since it promotes all body sizes. The brand is regarded to take the place of Victoria’s Secret as being America’s favorite lingerie. “Rihanna maintains a 30% ownership stake, Forbes estimates. The latest round of funding will reportedly be used for customer acquisition and retail expansion”-Forbes.

Rihanna is a key example of monetizing the right way with a high status. I know this might be the wrong time to question Rihanna, but when is the album ever coming Robin?

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