translated from Spanish: Rihanna entered forbes’ list of billionaires for her fashion and beauty businesses

The Barbadian singer Rihanna, the richest female musical artist in the world, has entered the list of “billionaires” of Forbes magazine thanks to her fashion and beauty businesses, with an estimated wealth of 1,700 million dollars. With an article dedicated to the 33-year-old businesswoman, the publication reported Wednesday that Rihanna also has the second largest global fortune among women dedicated to entertainment behind American host Oprah Winfrey.Robyn Rihanna Fenty – her real name – has swelled her portfolio considerably since she was considered the richest singer in the world in 2019 , mostly on the profits of its beauty company, Fenty Beauty, in which it owns 50% of the capital. Some 1,400 million of her assets correspond to the value of Fenty Beauty, another 270 million are attributed to her lingerie firm, Savage x Fenty, and the rest to her income as a musical star and actress. The magazine also highlights Rihanna as the beauty entrepreneur who has been most successful using her social media, where she has millions of followers, to boost her businesses. The singer launched Fenty Beauty in 2017 with the French luxury conglomerate LVMH with the aim of making products inclusive, offering a wide range of colors in its makeup bases – with about 40 shades – to reach a greater diversity of customers. Since then it has expanded its lines: a year ago it presented a range for skin care, Fenty Skin, and will soon launch Fenty Parfum, a unisex fragrance created by the artist. In 2019 he created Fenty, a ready-to-wear fashion and accessories brand under the umbrella LVMH, owner of firms such as Dior, Givenchy and Kenzo, but earlier this year announced that it was suspending its activities “pending an improvement in the situation” due to the pandemic. As for her music career, the Grammy winner released eight studio albums before fully turning to business, the latest being “Anti” (2016), although in recent months she has suggested she’s working on her ninth project.

Original source in Spanish