Rihanna has not only become an icon of music: she is also a successful businesswoman in the world of makeup, and was recently recognized as the richest singer in the world. With a fortune of 600 million dollars, Riri is ahead of Madonna, Céline Dion and Beyoncé, as reported by the magazine Forbes in his most recent publication.
However, although Rihanna is known for successes like Umbrella, Diamonds and We Found Love, his net fortune does not come entirely from music but because he maintains a partnership with the French luxury goods company of billionaire Bernard Arnault, LVMH. Thanks to that, Fenty Beauty entered the market in September 2017 in the hands of Sephora and months later it became a success that accumulated more than 100 million dollars in sales, only in its first two weeks.
A couple of months ago he also opted to open a boutique in Paris with his fashionable clothes called Fenty. This fact made her the first woman of color to create an original brand for LVMH, since previously only brands such as Christian Dior, Givenchy and Louis Vuitton belonged to the company.
According Forbes, the personal care and clothing industry has generated an income of 570 million dollars in its first 15 months. While LVMH gets half the profits and Rihanna only 15 percent, it is still an impressive percentage that makes her a multimillionaire woman.
To make matters worse, Rihanna companies have gained popularity because they celebrate the inclusion: with its line Fenty Beauty launched 40 basic shades so that no woman had difficulty choosing a color for her skin tone; and as for the lingerie line, the designs were created for all sizes and body types.
His empire continues to grow. In May the partners announced that Fenty would have a new line of high-end clothing, shoes and jewelry. During an interview for The New York Times Style Magazine, Rihanna said excitedly:
They extended the offer to me and it was a no-brainer because LVMH is a machine. Bernard Arnault trusts me and I in his vision. What Fenty Beauty did to beauty is the same as Fenty will make it fashionable.