Forbes confirms Rihanna as richest female musician

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Robyn Rihanna Fenty, popularly known as Rihanna, has emerged as the world’s wealthiest musician.

Forbes made the announcement in a statement on its website on Wednesday.

The singer-turned-entrepreneur, who is now a billionaire, joins the ranks of Oprah Winfrey as one of the richest entertainers in the world.

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Her estimated net worth is $1.7 billion, with most of it coming from her cosmetic brand Fenty Beauty.

According to the business magazine, the bulk of her fortune (an estimated $1.4 billion) comes from the value of Fenty Beauty, of which she owns 50%.

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In February, Rihanna’s lingerie line, ‘Savage x Fenty’, raised $115 million in funding at a $1 billion valuation.

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