Popstar Rihanna, born Robyn Fenty has been officially recognised as a billionaire by Forbes.
The money magazine announced on Wednesday (August 4) that the singer-come-beauty mogul is now worth $1.7 billion (£1.2 bn) by its calculation.
With the net worth, the 33-year-old becomes the wealthiest female musician in the world and the second richest female entertainer in the world, one place behind Oprah Winfrey.
However, despite the eight albums Riri has put out over the years (and the in-progress R9 that fans are desperately waiting for), it’s not music that’s responsible for her fortune.
Forbes estimates that a vast majority of her earnings ($1.4 billion) comes from her 50% ownership stake of make-up, hair and skincare line, Fenty Beauty and attributes a large part of the brand’s success to its core value of inclusivity. The other half of Fenty Beauty is owned by the luxury consumer group LVMH, which is run by the second richest person in the world, Bernard Arnault.
Other sources of income come from her music and acting career, as well as her stake in lingerie line Savage X Fenty which Forbes estimate contributes 30%.