Current Events > Rihanna is officially a billionaire

(+) Yeah! (+)

how do I wife?

https://mobile.twitter.com/Forbes/status/1422875071648043008

anyway, it's mostly because of her Fenty brand

---

Man I don't even remember the last time she released a song

---

Rihanna only dates foreign rich dudes

---

^ right now, she's dating A$ap Rocky

---

Fuck yeah.

---

SSJ2GrimReaper posted...

Rihanna only dates foreign rich dudes

She herself is a foreign rich dude

---

well-deserved accomplishment tbqh, her work ethic is unparalleled.

---

I really like Only Girl in the World, so this is fair.

---

I wonder how many of the doc marten wearing marxist chicks I'm hot for are gonna "yaaaaas queen" about this


---

Are we pretending she didn't kick and punch a man while he was driving a car? Chris Brown is shit. And so is Rhianna.

the article said she's the richest female musician, and second after Oprah as far as female entertainers go:

When Robyn Fenty, known to the world as Rihanna, launched Fenty Beauty in 2017, she sought to create a cosmetics company that made women everywhere (feel) included. A perhaps unintended consequence: The beauty line has helped her enter one of the worlds most exclusive ranks: Billionaire.
Rihanna is now worth $1.7 billion, Forbes estimatesmaking her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer. But its not her music thats made her so wealthy. 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%. Much of the rest lies in her stakein her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress.
While Barbados-born Rihanna isnt the only celebrity to capitalize on her social media presenceshe has 101 million followers on Instagram and 102.5 million on Twitterto build a beauty brand, she is the most successful beauty entrepreneur to do so. Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVMH (run by Bernard Arnault, the worlds second-richest person), launched in 2017 with the goal of inclusivity. Its products come in a diverse range of colorsfoundation is offered in 50 shades, including harder-to-find darker shades for women of colorand are modeled in its advertising by an equally diverse group of people.

Available online and at Sephora stores, which are also owned by LVMH, the products were an instant success. By 2018, its first full calendar year, the line was bringing in more than $550 million in annual revenues, according to LVMH, beating out other celebrity-founded brands like Kylie Jenners Kylie Cosmetics, Kim Kardashian Wests KKW Beauty and Jessica Albas Honest Co.

A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark, says Shannon Coyne, cofounder of consumer products consultancy Bluestock Advisors. We all know thats not reality. She was one of the first brands that came out and said, I want to speak to all of those different people.

While cosmetics sales slowed during the pandemic, beauty companies are worth as much as ever. Stocks of larger beauty conglomerates like Este Lauder and LOral have bounced back, reaching all-time highs and trading at impressive 7.5 (or more) times annual revenues. Meanwhile, independent brands like Beautycounter and Charlotte Tilbury inked deals with investment firms earlier this year at billion-dollar valuations.

That is good news for Rihanna. Thanks to the impressive multiples at which beauty companies are trading, Fenty Beauty is worth a conservative $2.8 billion, Forbes estimates. And all signs point to the company continuing to grow. In its annual report for 2020, LVMH said Fenty Skin, which 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.

Fenty Beauty isnt Rihannas only billion-dollar brand. In February her lingerie line Savage x Fenty raised $115 million in funding at a $1 billion valuation. The company, which launched in 2018 as a joint venture with TechStyle Fashion Group, counts blue-chip investors like Jay-Zs Marcy Venture Partners and private equity firm L. Catterton (in which Bernard Arnault is an investor) as shareholders. Rihanna maintains a 30% ownership stake, Forbes estimates. The latest round of funding will reportedly be used for customer acquisition and retail expansion.

Not that everything Rihanna touches turns to gold. In February, LVMH and Rihanna confirmed in a statement to Forbes that they had shut down their other venture, a high-end fashion and accessories house also called Fenty. Launched in 2019, Fenty sought to extend Rihannas brand of inclusivity and offer styles in a range of sizes. But like many luxury fashion brands, the high-priced line suffered during the pandemic, releasing its last collection in November 2020.

The only complaint some fans may have about her career as a fashion and beauty mogul? It keeps her busy. The singer, who used to release an album almost every year, hasnt released a new album since 2016s Anti.

From a financial perspective, that may be just fine: She is creating a brand outside of herself. Its not just about Rihanna, says consultant Coyne. Even if you dont like her music, shes created a real style in the fashion and beauty space.

---

Hell yeah, good for her

---

That picture looks like a GTA loading screen

---

Awards posted...

Are we pretending she didn't kick and punch a man while he was driving a car? Chris Brown is shit. And so is Rhianna.

Are you fucking kidding me dude

---

Dope. Thats so cool

---

Again and again I am astounded at how lucrative the cosmetics industry is. Absolute fortunes are made in them.

---

pinky0926 posted...

Are you fucking kidding me dude

Did you not read the police report? She punched and kicked him while he was driving a car. Why would you go and do that? Do you think that's okay?

theAteam posted...

Again and again I am astounded at how lucrative the cosmetics industry is. Absolute fortunes are made in them.

yea iirc, it almost made Kylie Jenner a billionaire, too.

---

Awards posted...

Did you not read the police report? She punched and kicked him while he was driving a car. Why would you go and do that? Do you think that's okay?

You mean this police report?

"A verbal argument ensued and Brown pulled the vehicle over on an unknown street, reached over Robyn F. with his right hand, opened the car door and attempted to force her out. Brown was unable to force Robyn F. out of the vehicle because she was wearing a seat belt. When he could not force her to exit, he took his right hand and shoved her head against he passenger window of the vehicle, causing an approximate one-inch raised circular contusion.
"Robyn F. turned to face Brown and he punched her in the left eye with his right hand. He then drove away in the vehicle and continued to punch her in the face with his right hand while steering the vehicle with his left hand. The assault caused Robyn F.'s mouth to fill with blood and blood to splatter all over her clothing and the interior of the vehicle.
"Brown looked at Robyn F. and stated, 'I'm going to beat the sh-- out of you when we get home! You wait and see!' "
The detective said "Robyn F." then used her cell phone to call her personal assistant Jennifer Rosales, who did not answer.
"Robyn F. pretended to talk to her and stated, 'I'm on my way home. Make sure the police are there when I get there.'
"After Robyn F. faked the call, Brown looked at her and stated, 'You just did the stupidest thing ever! Now I'm really going to kill you!'
"Brown resumed punching Robyn F. and she interlocked her fingers behind her head and brought her elbows forward to protect her face. She then bent over at the waist, placing her elbows and face near her lap in [an] attempt to protect her face and head from the barrage of punches being levied upon her by Brown.
"Brown continued to punch Robyn F. on her left arm and hand, causing her to suffer a contusion on her left triceps (sic) that was approximately two inches in diameter and numerous contusions on her left hand.
"Robyn F. then attempted to send a text message to her other personal assistant, Melissa Ford. Brown snatched the cellular telephone out of her hand and threw it out of the window onto an unknown street.
"Brown continued driving and Robyn F. observed his cellular telephone sitting in his lap. She picked up the cellular telephone with her left hand and before she could make a call he placed her in a head lock with his right hand and continued to drive the vehicle with his left hand.
"Brown pulled Robyn F. close to him and bit her on her left ear. She was able to feel the vehicle swerving from right to left as Brown sped away. He stopped the vehicle in front of 333 North June Street and Robyn F. turned off the car, removed the key from the ignition and sat on it.
"Brown did not know what she did with the key and began punching her in the face and arms. He then placed her in a head lock positioning the front of her throat between his bicep and forearm. Brown began applying pressure to Robyn F.'s left and right carotid arteries, causing her to be unable to breathe and she began to lose consciousness.
"She reached up with her left hand and began attempting to gouge his eyes in an attempt to free herself. Brown bit her left ring and middle fingers and then released her. While Brown continued to punch her, she turned around and placed her back against the passenger door. She brought her knees to her chest, placed her feet against Brown's body and began pushing him away. Brown continued to punch her on the legs and feet, causing several contusions.
"Robyn F. began screaming for help and Brown exited the vehicle and walked away. A resident in the neighborhood heard Robyn F.'s plea for help and called 911, causing a police response. An investigation was conducted and Robyn F. was issued a Domestic Violence Emergency Protective Order."
At the end of his statement, Andrews said Brown sent a text message nine days later apologizing.
"In the text message, Brown apologized for what he had done to Robyn F. and advised [Rihanna's assistant] Ford that he was going to get help."

That one?

---

This is simply amazing I have been following Fenty Beauty for a long time because it proves an ethical business model can be successful. One of the tenets of her company is to have a female of color majority workforce and to pay a minimum wage of 20 dollars an hour she literally lifted thousands of people out of poverty thanks to her company. Her company is carbon neutral zero waste and makes all natural products for all women. She wanted to have the most ethical company in the world and she succeeded it is amazing and I love it the future really is female.
Meanwhile we have these old white men who continue to exploit workers and the environment all to get another penny while Rhianna proves you can be rich and ethical.

ArianaGrandSlam posted...

Crazy that she hasnt made a good album in 14 years but still kept making money

Once you have a lot of money it's a lot less effort to make much more.

---

excuse my hypocrisy, you guys, but as far as my principles go, I make an exception for Rihanna.

always

---

16-BITTER posted...

Last week - "Billionaires should not exist!"

seems opportune to post this;

https://www.youtube.com/watch?v=0G6RF5ChKYQ

---

---

Its sad that so much money is spent on makeup. Who are these women buying all this shit? I feel like none of the women I know wear makeup/lipstick on a daily basis.

---

radical rhino posted...

Its sad that so much money is spent on makeup. Who are these women buying all this shit? I feel like none of the women I know wear makeup/lipstick on a daily basis.

have you ever heard of "no makeup makeup"

---

"And in today's exciting news, a rich person got richer. More at 11."

---

Honestly it's fucking nuts when people celebrate this stuff.

Guys, celebrate when someone earns enough to look after their family, upgrade their lifestyle, pay off their mortgage, go on holiday, give their kids a headstart in life. Maybe don't celebrate when a single person has enough personal wealth to literally sink countries or buy islands.

---

g0ldie posted...

yea iirc, it almost made Kylie Jenner a billionaire, too.

Kylie Jenner's make up line was a scam. She was shipping used applicators to customers. Even bottles of nail polish were sealed improperly with the shit dried up on the inside.

---

So is she and Paul McCartney the only billionaire musicians? I know Ringo is up there too
---

toadfan64 posted...

So is she and Paul McCartney the only billionaire musicians? I know Ringo is up there too

Jay Z and Kanye

---

BB mofo posted...

Kylie Jenner's make up line was a scam. She was shipping used applicators to customers. Even bottles of nail polish were sealed improperly with the shit dried up on the inside.

smh @ her

---

the0rebirth posted...

"And in today's exciting news, a rich person got richer. More at 11."

i was in my work's breakroom and saw GMA talking about this and how happy they were about it. It was horrifying in a way.

they were like "we have some great news about rihanna: she's got a BILLION dollars!"

me at my low-paying job: '....yay?'

no matter how ethical a person is, I'm not gonna celebrate them getting a billion dollars.

---

didnt ask dont care

---

TIL: Rihanna is a stage name and not her first name or something
---

PizzaPatty posted...

This is simply amazing I have been following Fenty Beauty for a long time because it proves an ethical business model can be successful. One of the tenets of her company is to have a female of color majority workforce and to pay a minimum wage of 20 dollars an hour she literally lifted thousands of people out of poverty thanks to her company. Her company is carbon neutral zero waste and makes all natural products for all women. She wanted to have the most ethical company in the world and she succeeded it is amazing and I love it the future really is female.
Meanwhile we have these old white men who continue to exploit workers and the environment all to get another penny while Rhianna proves you can be rich and ethical.

Yeah, they really should take notes.

But I guess getting that sixth mansion in the Bay Area is more important.

---

toadfan64 posted...

So is she and Paul McCartney the only billionaire musicians? I know Ringo is up there too

kanye west

p. diddy and dr. dre are close

---

PizzaPatty posted...

This is simply amazing I have been following Fenty Beauty for a long time because it proves an ethical business model can be successful. One of the tenets of her company is to have a female of color majority workforce and to pay a minimum wage of 20 dollars an hour she literally lifted thousands of people out of poverty thanks to her company. Her company is carbon neutral zero waste and makes all natural products for all women.

Yo, is this true? Because my respect goes up if so.

---

cuttin_in_farm posted...

Yo, is this true? Because my respect goes up if so.

It's true. Her brand is pretty famous due to how they conduct business and promotion of body positivity (yes, including plus size male models.)

Good for her. I've always liked her. One of the few celebs i can look at and say "she aint doing it all for publicity"

---

lolife67 posted...

It's true. Her brand is pretty famous due to how they conduct business and promotion of body positivity (yes, including plus size male models.)

Wow. I always thought Rihanna was overrated as far as her songs and beauty goes, but thats really awesome. My friends like to use her brand, but didnt know that much about it.

---

pinky0926 posted...

Honestly it's fucking nuts when people celebrate this stuff.

Guys, celebrate when someone earns enough to look after their family, upgrade their lifestyle, pay off their mortgage, go on holiday, give their kids a headstart in life. Maybe don't celebrate when a single person has enough personal wealth to literally sink countries or buy islands.

The news doesn't follow Paul Breadwinner

---

teep_ posted...

TIL: Rihanna is a stage name and not her first name or something

It is her name though. Same with Fenty.

---