Rihanna Makes Her Debut On Forbes Bullionaires List, Singer Described As Barbados’ First Billionaire!
Rihanna was valued by Forbes at 1.7 billion dollars
Rihanna has been making waves in Hollywood ever since she announced her pregnancy with boyfriend A$AP Rocky. The singer has now appeared on Forbes’ annual billionaire’s list for the year 2020, and she is also a businesswoman and also has a cosmetics line Fenty Beauty and a fashion line Savage X Fenty.
Interestingly, this marks the first time that Riri has appeared on the Forbes list of billionaires.
Riri, who is currently expecting her first child with rapper A$AP Rocky, was valued by Forbes at 1.7 billion dollars.
Her success was credited to her music and cosmetics fashion line. As per Forbes, the majority of her earnings were made from her 50% stake in Fenty Beauty, which she co-owns with luxury conglomerate LVMH.
Meanwhile, the magazine also noted that Rihanna also owns an estimated 30% of the Savage X Fenty lingerie line, which raised $125 million in January and is now reportedly weighing an IPO at a $3 billion valuation.
Riri was also described her as the first billionaire from the Caribbean island nation of Barbados. It comes after the singer was declared the country’s 11th ‘National Hero’ at a ceremony in November that marked its transition into a Republic nearly 400 years after it became a British colony.
The 34-year-old actor has also spoken about being the country's first billionaire in an interview with New York Times in September last year.
She had said, “It’s tricky because it’s hard to even accept that’s where you’re at because I know where I’ve come from. At the same time, it feels good to be able to inspire young women and boys, who like me, come from humble beginnings, who come from parents who are immigrants or who are immigrants themselves, to be able to do this.”
Apart from Rihanna, another name from the entertainment industry debuted on the Forbes' list this year. Lord of the Rings director Peter Jackson was valued at $1.5 billion.
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