Rihanna has officially joined the billionaire club, with Forbes estimating her net worth at $1.7 billion. This accolade places her as the richest female musician globally and the second wealthiest female entertainer after Oprah Winfrey.

Interestingly, Rihanna’s wealth doesn’t primarily stem from her music career; the majority of her fortune, around $1.4 billion, comes from her stake in Fenty Beauty, co-owned with LVMH. Additionally, her 30% ownership of Savage x Fenty contributes significantly, valued at approximately $270 million. Fenty Beauty, launched in 2017, filled a gap in the market for beauty products catering to a diverse range of skin tones, a move that resonated with many overlooked consumers. The brand’s inclusive approach, coupled with effective marketing and quality products, has propelled its value to an estimated $2.8 billion.

Rihanna’s focus on inclusivity extends beyond cosmetics, as seen in her efforts to promote diversity in body shape, size, and disability through her businesses. Her success as a businesswoman has garnered praise from industry leaders like Bernard Arnault, LVMH’s chairman, who commended her entrepreneurial skills and leadership qualities. Despite the celebration of Rihanna’s achievement, it also prompts discussions about the ethical implications of extreme wealth and capitalism.

However, many argue that Rihanna’s conscientious approach to her businesses sets her apart from other billionaires, as she prioritizes uplifting marginalized communities and avoids unethical practices. In light of this, some suggest that while the concept of billionaires may be contentious, Rihanna’s positive impact justifies her inclusion in this elite group.