On June 1, 2023, Forbes released their annual list of America’s richest self-made women, and there was a notable change in the rankings. Rihanna, the Barbadian singer and entrepreneur, surpassed Taylor Swift to become the second-richest woman on the list.

According to Forbes, Rihanna’s net worth is now 2.7billion, up from 600 million in 2022. This massive increase is largely due to the success of her beauty brand, Fenty Beauty, which launched in 2017. Fenty Beauty has been praised for its inclusive range of foundation shades and has quickly become one of the most popular beauty brands in the world.

In addition to Fenty Beauty, Rihanna has several other successful business ventures. She launched her luxury fashion brand, Fenty, in 2019 in partnership with LVMH. She also has a lingerie line, Savage X Fenty, which has gained a cult following for its inclusive sizing and diverse models.

Rihanna’s Rise to Fame

Rihanna moved to the United States at the age of 16 to pursue a music career and was discovered by record producer Evan Rogers. She made her first single, named “Pon de Replay,” which was released in 2005 and became a hit.

Over the next decade, Rihanna released several successful albums and became one of the biggest pop stars in the world. Her success include winning 9 Grammy Awards

In addition to her music career, Rihanna has also made a name for herself as a fashion icon. She has appeared on the covers of numerous magazines and has been praised for her bold fashion choices.

Fenty Beauty

In 2017, Rihanna launched Fenty Beauty with the goal of creating a makeup brand that was inclusive for all skin tones. The brand launched with 40 shades of foundation, which was a major departure from the limited shade ranges offered by other makeup brands.

Fenty Beauty was an instant success and quickly became one of the most popular beauty brands in the world. The brand’s success was due in part to its inclusive range of shades, but also to its high-quality products and sleek packaging.

In 2018, Fenty Beauty was named one of Time magazine’s best inventions of the year. The brand has also been praised for its marketing campaigns, which feature diverse models and celebrate individuality.

Fenty Fashion

In 2019, Rihanna launched her luxury fashion brand, Fenty, in partnership with LVMH. The brand offers high-end clothing and accessories that are inspired by Rihanna’s personal style.

Like Fenty Beauty, Fenty Fashion has been praised for its inclusivity. The brand offers sizes up to 3XL and features models of all shapes and sizes in its advertising campaigns.

Fenty Fashion has also been praised for its sustainability efforts. The brand uses eco-friendly materials and packaging and has made a commitment to reduce its carbon footprint.

Savage X Fenty

Rihanna’s lingerie line, Savage X Fenty, launched in 2018 and quickly gained a cult following. The brand offers lingerie in sizes up to 3X and features models of all shapes and sizes in its advertising campaigns.

Savage X Fenty has been praised for its inclusivity and diversity. The brand’s fashion shows feature models of all races, sizes, and genders, and celebrate individuality and self-expression.

In addition to its inclusive sizing and diverse models, Savage X Fenty has also been praised for its affordability. The brand offers lingerie at a range of price points, making it accessible to a wide range of customers.

Taylor Swift

Taylor Swift, who was previously the second-richest woman on Forbes’ list, now has a net worth of $2.3 billion. Swift’s wealth comes primarily from her music career, which has spanned over a decade and includes multiple platinum albums and sold-out tours.

Swift has also made money from endorsement deals with companies like Apple and Diet Coke. In addition to her music career and endorsement deals, Swift has also invested in real estate.

Diane Hendricks

The richest woman on Forbes’ list is still Diane Hendricks, the co-founder and chairman of ABC Supply, a roofing and building materials distributor. Hendricks has a net worth of $9.9 billion.

Hendricks started her career as a real estate developer but later co-founded ABC Supply with her late husband. Under her leadership, ABC Supply has become one of the largest roofing and building materials distributors in the United States.

Conclusion

Rihanna’s rise to the top of Forbes’ list is a testament to her entrepreneurial spirit and business acumen. She has proven that she is much more than just a pop star and has built an empire that includes successful beauty, fashion, and lingerie brands. Her commitment to inclusivity and sustainability has also been praised by fans and industry experts alike.

As Rihanna continues to expand her business ventures and build her wealth, it will be interesting to see how she continues to innovate and push boundaries in the fashion and beauty industries.

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