by Madeline BergW hen 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. 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%. Thanks to the impressive multiples at which beauty companies are trading, Fenty Beauty is worth a conservative $2.8 billion, Forbes estimates. Fenty Beauty isn’t Rihanna’s only billion-dollar brand. “Even if you don't like her music, she’s created a real style in the fashion and beauty space.”MORE FROM FORBES

Source: Forbes August 04, 2021 10:30 UTC