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Rihanna Is Officially A Billionaire And The Wealthiest Female Musician On The Planet

Dominic Smithers

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Rihanna Is Officially A Billionaire And The Wealthiest Female Musician On The Planet

Featured Image Credit: PA

Rihanna is officially a billionaire, making her the wealthiest female musician on the planet.

The singer, real name Robyn Fenty, is, of course, a global phenomenon, but it might come as a surprise to some that she is as rich as she is.

Well, according to Forbes, the 33-year-old boasts a fortune totalling an eye-watering $1.7 billion (£1.2bn), or roughly 4.8 billion Freddo bars.

The publication states this is in large part down to her beauty company Fenty Beauty, in which she owns a 50 percent stake.

The rest of her wealth reportedly comes from her lingerie firm Savage x Fenty, which is worth a whopping $270 million (£190m), and her music career.

Credit: PA
Credit: PA

She is now only second to Oprah as the richest female entertainer in the world.

Shannon Coyne is the co-founder of consumer products consultancy Bluestock Advisors and praised Fenty Beauty's line of products for various skin tones.

She said: "She was one of the first brands that came out and said, 'I want to speak to all of those different people'."

But RiRi isn't the only one who's been enjoying a thickening of their wallet of late.

Credit: PA
Credit: PA

Earlier this year, it was revealed that Conor McGregor had taken the top spot on Forbes' highest-paid athlete list - earning a staggering $180 million (£129m) over the space of 12 months.

McGregor beat the likes of Lionel Messi, Cristiano Ronaldo and Lewis Hamilton, having made a huge £106m ($147m) for selling whiskey brand Proper 12, the Mirror reports.

On top of that, he made £15m ($20m) in the ring, making him the first Irishman to top the elite list.

His earnings can also be attributed to his long list of endorsements including the game Dystopia: Contest of Heroes, DraftKings, and campaigns with Burger King and Monster Energy.

Credit: PA
Credit: PA

It was the third time ever that an athlete had made more than £49.5m ($69m) via endorsements while competing in their chosen sport, with former stars reaching those heights including Tiger Woods and Roger Federer.

Since the coronavirus pandemic, just three other athletes have hit $100m in earnings, despite sporting activity being curbed by lockdown and leading to fewer sponsorship deals.

Lionel Messi and Cristiano Ronaldo join McGregor in the top spot, alongside NFL quarterback Dak Prescott from the Dallas Cowboys.

Other familiar faces featuring in the top 10 list included F1 star Sir Lewis Hamilton, NBA's LeBron James, Tom Brady and Kevin Durant.

Forbes put together the list by calculating the earnings, which include prize money, salaries and bonuses, of sports stars annually. This year, it was calculated on earnings between May 2020 and May 2021.

Topics: World News, Entertainment, Money, US News, Rihanna

Dominic Smithers
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