According
to
Forbers'
latest
report,
American
singer
Rihanna
has
become
the
richest
woman
musician
in
the
world.
The
singer
and
businesswoman
is
reportedly
worth
$1.7
billion,
approximately
Rs
12,700
crore.
Apart
from
her
songs,
her
make-up
and
fashion
empire
earnings
have
been
estimated
by
the
magazine.
The
Barbados-born
singer
is
best
known
for
global
hits
like
'We
Found
Love'
and
Umbrella',
a
collaboration
with
Jay-Z,
but
reportedly
derives
an
estimated
$1.4
billion
of
her
fortune
from
her
50%
stake
in
the
Fenty
Beauty
cosmetics
line,
a
partnership
with
French
fashion
giant
LVMH.
Fenty
Beauty,
which
was
launched
in
2017
with
the
goal
of
promoting
inclusivity,
produces
make-up
to
match
dozens
of
different
skin
tones.
The
company's
annual
report
for
2020,
said
Fenty
Skin,
a
new
sub-brand
that
launched
last
year,
was
off
to
a
"very
promising
start" and
"generated
unprecedented
buzz,"
and
that
Fenty
Beauty
"maintained
its
appeal
as
a
premier
makeup
brand."
Meanwhile,
the
rest
of
her
wealth
comes
from
her
share
of
the
Savage
x
Fenty
lingerie
company
which
has
been
estimated
at
$270
million
by
Forbes.
Reportedly,
Savage
x
Fenty
raised
$115
million
in
funding
which
has
been
valued
at
$1
billion.
Rihanna
maintains
a
30%
ownership
stake
in
the
company.
Rihanna
has
not
produced
an
album
since
2016,
her
global
hits
still
contribute
to
her
net
worth,
along
with
acting
credits
like
Ocean's
Eight
in
2018,
Home
in
2015,
Battleship
in
2012
and
more.
Rihanna
also
holds
sway
over
legions
of
fans,
with
more
than
100
million
followers
on
Instagram
and
Twitter.