RIHANNA BECOMES
A BILLIONAIRE
Rihanna is worth an estimated $1.7 billion, making her the wealthiest female artist in the world and the second-richest female entertainer after Oprah Winfrey, according to Forbes.
Her earnings from music represent a mere fraction of her wealth—RiRi hasn’t released an album or a solo single since ANTI and “Love on the Brain” in 2016. The bulk of her fortune—an estimated $1.4b—comes from the $2.8b valuation of Fenty Beauty, of which she owns 50%. Her lingerie company, Savage x Fenty, is worth around $270m.
Four-year-old Fenty Beauty is a joint venture with French luxury-goods colossus LVMH (run by Bernard Arnault, the world’s second-richest person); it’s sold online and at Sephora, also owned by LVMH. In 2018, its first full year, the makeup line brought in north of $550m in annual revenues, according to LVMH, beating out both Kylie Jenner’s Kylie Cosmetics and Kim Kardashian West’s KKW Beauty.
CALL MY AGENT:
JOHN MARX His first concert was Buffalo Springfield at the Indio Date Fair. (9/15a)
 HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALLWe're manning the merch table. (9/13a)
| ||
THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
|
