Forbes has officially announced Rihanna as billionaire

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Rihanna is officially a billionaire, and also the wealthiest female musician in the world.

According to Forbes, Rihanna is now worth $1.7 billion (£1.2 billion), primarily thanks to the value of her industry-shaking cosmetics brand Fenty Beauty, which is estimated to be worth $1.4 billion.

Rihanna has also earned the rest of her fortune from her lingerie company, Savage x Fenty, which is reportedly valued at $270m (£193m), and from her earnings as a musician and actor.

Fenty Beauty was reportedly racking in $550 million during its first calendar year in 2018, beating out other celebrity lines like Kylie Jenner’s Kylie Cosmetics and Kim Kardashian West’s KKW Beauty. 

Rihanna’s Savage x Fenty line has also proven to be a success, raising $115 million in funding this past February at a $1 billion valuation.

The mogul’s fortune comes five years since Rihanna released an album, and despite fans endlessly calling on the singer to release new music.