Rihanna is now a billionaire, but not because of her music - Action News
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Entertainment

Rihanna is now a billionaire, but not because of her music

Superstar Rihanna's net worth is nowestimatedat $1.7 billion US, Forbes magazine said on Wednesday, making her the richest woman musician in theworld. But despite her success in the industry, music is not the primary source of her wealth.

Singer's massive wealth comes primarily from Fenty fashion and beauty labels, reports Forbes magazine

Rihanna poses in front of products from her Fenty fashion line, Feb. 7, 2020 in New York City. The 33-year-old is now a billionaire, Forbes magazine reported on Wednesday, but not because of her music. ( Dimitrios Kambouris/Getty Images)

Superstar Rihanna's net worth is nowestimatedat $1.7 billion US, Forbes magazine said on Wednesday, making her the richest female musician in theworld. But despite her success in the industry, music is not the primary source of her wealth.

The Barbados-born singer, whose birth name is Robyn Fenty,derives an estimated $1.4 billion of her fortune from her 50 per centstake in the Fenty Beauty cosmetics line, Forbes reported.

The rest of Rihanna's wealth comes from her share of theSavage x Fenty lingerie company and her income as a singer andactor, the magazine said.

It's been years since the 33-year-old has released an album. Her most recent releases,AntiandUnapologetic,toppedBillboard's charts, but were released five and nine years ago respectively.

Instead, Rihanna has focused on her various business ventures. Herbeauty company, half of which is owned by the Frenchluxury goods groupLVMH, is known for its broad range of 50 skin tones,including dark shades for women of colour a rare option whenit launched in 2017.

Rhianna's Fenty Beauty on display at Sephora on Robson Street in Vancouver. (Richard Grundy/CBC)

This made it a leader in inclusivity in theindustry, while some critics heralded it as the first major fashion house of the Instagram age.

Her Savage xFenty line,meanwhile, has been credited with upending the industry, and toppling fellow company Victoria's Secret as the premiere lingerie brand.

Still, earlier this year LVMHand Rihanna announced the singer's Fenty fashion label would go on a hiatus "pending better conditions." Both pledged to continue the long-term development of the "Fenty ecosystem," and the continuation of Savage X Fenty, Fenty Beauty and FentySkin, the Rihanna's skincare line.

TheUmbrellaand Love the Way You Liesinger now rankssecond, behind only Oprah, as the richest female entertainer, Forbessaid.

With files from Reuters