What made Rihanna a billionaire?
Forbes attributed $1.4 billion of Rihanna's wealth to the success of the Fenty Beauty brand, of which she owns 50 percent, and the rest to her Savage X Fenty lingerie company and earnings from her career in music and film. The Washington PostRihanna is a billionaire now, but not because of her music
Is Rihanna a billionaire 2021?
Rihanna, the singer of hits such as Umbrella and We Found Love, is officially a billionaire and the world's richest female musician. However, most of her fortune, estimated on Wednesday by Forbes magazine to be $1.7bn (£1.2bn), does not come from chart-topping singles, but from the success of her cosmetics empire. The GuardianBillionaire Rihanna named world’s richest female musician
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RIHANNA has surpassed Kylie Jenner's financial status as the singer has reached a net worth of $1.7billion due to her Fenty Beauty makeup line.
The singer has been declared the wealthiest female entertainer in the world "second only to Oprah Winfrey" according to Forbes.
$1.4 billion of her massive fortune has come from her Fenty Beauty line, which she founded so that “women everywhere could feel included.”
The international star's lingerie line Savage x Fenty ranks in at a net worth of about $270 million, and the rest of her fortune amounts from her chart-topping music career.
Fenty Beauty has a 50/50 joint venture status with the French luxury goods conglomerate LVMH, and together they focus on providing 50 shades of foundation for people of all skin colors.
After their first calendar year, the line "was bringing in more than $550 million in annual revenues," Forbes revealed, beating out "Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Company."
The co-founder of Bluestock Advisors, Shannon Coyne explained: “A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium-dark, dark.
"We all know that’s not reality. She was one of the first brands that came out and said ‘I want to speak to all of those different people.’”
Forbes estimated that Fenty Beauty as a whole is worth a whopping $2.8billion and will likely continue to grow as LMVH said it has "maintained its appeal as a premier makeup brand."
Despite her unprecedented success in beauty and fashion, her new ventures have seemingly interrupted her music career.
After years of consistent album releases, Rihanna hasn't revealed a new music compilation since Anti in 2016.
“She is creating a brand outside of herself. It’s not just about Rihanna. Even if you don't like her music, she’s created a real style in the fashion and beauty space," Coyne claimed.
In June of 2020, Forbes revealed that Kylie Jenner was no longer a billionaire after she had "inflated the size and success of her business for years."
In 2019, the magazine claimed the Keeping Up With The Kardashian's star was the youngest self-made billionaire ever, and estimated her net worth as $1billion.
However, after a re-evaluation in May of 2020, they concluded that she was no longer worth that amount.
The publication explained that "a more realistic" account of her "personal fortune" is just under $900million.
Kylie slammed Forbes for going back on their original statement, writing on Twitter: "What am I even waking up to. I thought this was a reputable site.
"All I see are the number of inaccurate statements and unproven assumptions lol.
"'Even creating tax returns that were likely forged,' that's your proof? So you just THOUGHT they were forged? Like actually what am I reading."
In 2019, Kylie sold 51% of Kylie Cosmetics to Coty for $600 million, and as of 2021, the company is worth around $1.2billion.
Read full article at Page Six
04 August, 2021 - 04:00pm
04 August, 2021 - 11:55am
Jamaican sprinter Elaine Thompson-Herah may be fast, but she could not outrun Instagram’s copyright policy.
The 29-year-old said she was “blocked” by Instagram, where she has over 310,000 followers, after sharing footage of her defending her gold in the 100m and 200m sprints at the Tokyo Olympics.
The International Olympic Committee said the removal of certain social media content is automatic due to the Rights Holding Broadcasters (RHBs) owning exclusive rights to broadcast at the Olympic Games.
“This includes distribution on social media, where athletes are invited to share the content provided by the RHBs on their accounts but cannot post competition content natively,” the IOC told Reuters. “Should that occur, the removal of such content from social media platforms happens automatically.”
“I was blocked on Instagram for posting the races of the Olympic because I did not own the right to do so,” Thompson-Herah, where she has over 25,000 followers. “So see y’all in 2 days.”
Hours after her tweet, Thompson-Herah said the “block was cleared” in a post on her Instagram story.
Fans have not seen the last of Thompson-Herah in Tokyo. She’s set to compete in the women’s 4×100 relay on Thursday. If Jamaica qualifies for the final, she’ll hit the track again on Friday.
Thompson-Herah won the 100m in record time (10.61 seconds) over the weekend, beating Florence Griffith-Joyner’s 100m record cemented since the 1988 Seoul Games — making her the fastest woman in the world. Thompson-Herah’s Jamaican teammates took over the podium in the 100m final, with Shelly-Ann Fraser-Pryce earning silver and Shericka Jackson nabbing the bronze medal.