Its products come in a diverse range of colors-foundation is offered in 50 shades, including harder-to-find darker shades for women of color-and are modeled in its advertising by an equally diverse group of people.Īvailable online and at Sephora stores, which are also owned by LVMH, the products were an instant success. Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVMH (run by Bernard Arnault, the world’s second-richest person), launched in 2017 with the goal of inclusivity. While Barbados-born Rihanna isn’t the only celebrity to capitalize on her social media presence-she has 101 million followers on Instagram and 102.5 million on Twitter-to build a beauty brand, she is the most successful beauty entrepreneur to do so. Much of the rest lies in her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her career as a chart-topping musician and actress. 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%. But it’s not her music that’s made her so wealthy. Rihanna is now worth $1.7 billion, Forbes estimates-making her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer.
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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 world’s most exclusive ranks: Billionaire.