Her stake in in the company, combined with a 30% stake in the lingerie line Savage X Fenty and money generated during her 16-year career as a recording artist, take Rihanna’s fortune to $1.7bn, according to Forbes. Forbes magazine estimates that the company is now worth “a conservative $2.8bn”. In its first year, Fenty Beauty achieved sales of $550m, far more than other celebrity-endorsed makeup ranges. Rihanna, 33, launched the beauty brand, of which she owns 50%, with the French luxury conglomerate LVMH in 2017.
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The brand boasted foundation in 40 different shades when it first launched to “make skin look like skin” and has since expanded to 50.
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The singer, who has described makeup as her “weapon of choice for self-expression” while growing up, said she was driven to create her own range because established brands did not provide a full choice of products for all varieties of skin types and tones.
Rihanna – real name Robyn Fenty – launched Fenty Beauty in 2017 with a dream to create a cosmetics company that made “women everywhere included”. However, most of her fortune, estimated on Wednesday by Forbes magazine to be $1.7bn (£1.2bn), does not come from chart-topping singles, but from the success of her cosmetics empire.
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