Rihanna whose real name is Robyn Fenty, was officially declared a billionaire on Wednesday, according to a profile on her fortune in Forbes.
The singer whose musical success dates back to the early 2000s, is worth $1.7 billion, the magazine estimates.
The magazine revealed that when Rihanna launched Fenty Beauty in 2017, she sought to create a cosmetics company that made “women everywhere (feel) included.”
It also said the superstar’s wealth which according to the report is at least $1.4 billion comes from her cosmetics line.
Riri owns 50% of the business while she also has a stake in her lingerie company, Savage X Fenty, which has an estimated worth of $270 million.
The singer splits Fenty Beauty with LVMH, a luxury goods company in France that is run by Bernard Arnault, the world's second-richest person.
The performer's music and acting credits make up the rest of her fortune, added the report.
Rihanna’s riches make her the wealthiest female musician in the world and she is in the second spot, just behind Oprah Winfrey, as the richest female entertainer.