While many may conclude that her financial status estimated to be worth $1.7 billion stemmed from her successful music career, the publication is setting the record straight. According to the prestigious financial magazine, Rihanna gained a boatload of her wealth from her inclusive cosmetic company, Fenty Beauty, which launched in 2017. “The bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which Forbes can now confirm she owns 50%,” the publication shared. Also responsible for her riches is her game-changing lingerie company Savage x Fenty that launched in 2019 is already worth an estimated $270 million. 

Fenty Beauty was created in 2017 to provide beauty enthusiasts (of all walks of life) the ability to feel included by offering a collection of foundation in 50 shades, including darker shades for Black women. She has since expanded her makeup products using the same formula. The 50-50 joint venture with French luxury goods conglomerate LVMH has since been a success with millions shopping the pivotal collections. Forbes estimates Fenty Beauty is worth a conservative $2.8 billion.