is officially a billionaire! Songstress, 33, racks up $1.7billion ...

is officially a billionaire! Songstress, 33, racks up $1.7billion ...
Rihanna is officially a billionaire! Songstress, 33, racks up $1.7billion ...

Rihanna is now officially a billionaire and the richest female musician in the world, thanks to the huge success of her Fenty Beauty line.

The Umbrella hitmaker, 33, is now worth an estimated $1.7billion (£1.2billion), Forbes reports, making her the second wealthiest female entertainer on the planet, behind Oprah Winfrey with $2.7billion (£1.9billion).

It is claimed the bulk of the popstar's fortune ($1.4billion/£1billion) comes not from music, but from her 50 percent stake in her acclaimed cosmetics line Fenty Beauty - a joint venture with French luxury goods conglomerate LVMH - and worth $2.8billion (£2billion) in total.

Wow: Rihanna is now officially a billionaire and the richest female musician in the world, thanks to the huge success of her Fenty Beauty line (above promoting Savage X Fenty lingerie)

Wow: Rihanna is now officially a billionaire and the richest female musician in the world, thanks to the huge success of her Fenty Beauty line (above promoting Savage X Fenty lingerie)

Her $270million (£190million) stake in the wildly successful Savage X Fenty lingerie line and her wealth from her 16 year recording career all make up the mogul's mass wealth.   

Mogul Rihanna founded acclaimed beauty brand Fenty Beauty back in 2017 with a desire to 'make women everywhere (feel) included'.

It became a leader in providing diversity in the makeup industry when it first launched 40 shades for its foundation line 

The You Da One singer first put out her makeup line at Sephora, racking up sales eclipsing $100 million over the course of its first few weeks 

$1.7bn girl: It is claimed the bulk of the popstar's fortune ($1.4billion/£1billion) comes not from music, but from her 50 percent stake in her acclaimed cosmetics line Fenty Beauty (pictured in 2018)

$1.7bn girl: It is claimed the bulk of the popstar's fortune ($1.4billion/£1billion) comes not from music, but from her 50 percent stake in her acclaimed cosmetics line Fenty Beauty (pictured in 2018)

She said 'Make-up is there for you to have fun with. It should never feel like pressure. It should never feel like a uniform. Feel free to take chances, and take risks, and dare to do something new or different.' 

By the end of its first full calendar year in 2018, LVMH said the brand took home $550million (£394million) in annual revenues, trouncing celebrity cosmetics brands such as Kylie Cosmetics and KKW Beauty. 

The high-end brand turned into a billion dollar business in less than four years, and with the launch of Fenty Skin last year, looks set to grow even further.    

Fenty Skin had sales of $30million in under four months on its e-store, WWD reports.   

Rihanna's Savage X Fenty lingerie line, which she has a 30 per cent stake in, is also worth $1billion (£717million).

On top of the world: Rihanna's Savage X Fenty lingerie line is now worth $1 billion (£719 million) and she owns a 30 percent stake

On top of the world: Rihanna's Savage X Fenty lingerie line is now worth $1 billion (£719 million) and she owns a 30 percent stake

MAKE-UP, LINGERIE AND MUSIC: How Rihanna amassed $1.7bn fortune

FENTY BEAUTY - $1.4BILLION

Rihanna founded the acclaimed beauty brand back in 2017 with a desire to 'make women everywhere (feel) included.'

 She said 'Make-up is there for you to have fun with. It should never feel like pressure. It should never feel like a uniform. Feel free to take chances, and take risks, and dare to do something new or different.' 

The beauty brand is a 50-50 joint venture with French luxury goods conglomerate LVMH.

The You Da One singer first put out her makeup line at Sephora, racking up sales eclipsing $100 million over the course of its first few weeks

The high-end brand turned into a billion dollar business (now valued at $2.8 billion) in less than four years with the bulk of the star's fortune coming from this. 

Fenty Skin also launched last year - with the company set to grow even further. 

SAVAGE X FENTY - $270million

Rihanna launched her wildly popular lingerie line back in May 2018 - and it is now worth an estimated $1billion - with Rihanna maintaining a 30% stake in the business.   

A second round of funding for the brand back in February secured a whopping $115 million for Savage X Fenty, with L Catterton, a private equity firm that fashion house LVMH has a stake in, taking a percentage of the line.

The line was launched in 2018 and is anticipated to be the market's leader by 2025.

Last year, Savage X Fenty saw revenue growth of more than 200% and 'increased its active VIP member base by more than 150%.' 

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