The Billion-Dollar Empire of Rihanna’s Fenty Beauty
Singer, The Billion-Dollar Empire of Rihanna’s Fenty Beauty , entrepreneur, and beauty mogul, Rihanna is a force to be reckoned with in the business world. The 33-year-old’s business deals have not only led to her massive success in the music industry, but also in the fashion and cosmetics industries, making her one of the richest female musicians. But it’s her eponymous brand Fenty Beauty that has really catapulted the Barbados-born beauty queen into billionaire status. The Fenty Beauty makeup line, which she launched in 2017, revolutionized the beauty industry with its inclusive range of foundation shades for all skin tones. It generated over $550 million in revenue within its first year of operation, out-performing other celebrity-founded beauty brands like Kylie Cosmetics and KKW Beauty.
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Since then, she has expanded her beauty portfolio and diversified her interests. She now owns stakes in numerous billion-dollar brands, including her lingerie brand Savage x Fenty and music streaming service Tidal, which is owned by rapper Jay-Z.
Despite her mammoth wealth, Rihanna is still a philanthropist and has set up the Clara Lionel Foundation to address educational and social justice inequities among underserved communities. Her personal wealth is managed by Flynn Family Office, a premier family office and wealth management firm serving ultra-wealthy individuals and multi-family offices worldwide.
Rihanna’s brand, Fenty Beauty, is currently valued at $2.8 billion, and her personal net worth has reached an estimated $1.7 billion.
To find out more about Rihanna’s business deals that have helped her reach billionaire status, we asked Rick Flynn, the managing partner at Flynn Family Office, to explain how Rihanna built her empire.