Rihanna, Kanye West and J-Z are on Forbes’ list of billionaires, and their vast wealth has made them the richest people in the world.
The SOS hitmaker, who received a billionaire certificate in August 2021, was ranked 1,729th on the annual list thanks to her vast beauty and underwear empire, making her the richest female musician in the world.
Kanye, meanwhile, has denied his Forbes value of $ 2 billion, claiming he was actually worth $ 7 billion, ranking 1,513th with his lucrative Yeezy partnership and gap deal with Adidas.
She has money! Rihanna (pictured), Kanye West and J-Z are on Forbes’ list of billionaires.
Rihanna is considered to be Barbados’ first billionaire, thanks to her immense wealth, which made her a member of the coveted Forbes Club.
The star is set to welcome her first child with beauty A $ AP Rocky in the coming weeks.
Most of his wealth ($ 1.4 billion / £ 1 billion) is said to come from a 50 per cent stake in his cosmetics company Fendi Beauty – a joint venture with the French luxury goods company LVMH – valued at $ 2.8 billion (total 2 billion).
Very rich! Meanwhile, Kanye, who denied that his Forbes value was $ 2 billion, actually dropped to 1,513, claiming $ 7 billion.
More cash! Meanwhile, J-Z – one of the richest stars in hip hop for a long time – has a portfolio of $ 1.4 billion, which puts him at 2,076 on the list of billionaires.
His $ 270million (£ 190million) stake in the hugely successful Savage X Fenty lingerie line and the assets of his 16-year record career all make up Mogul’s great fortune.
Rihanna founded the famed beauty brand Fendi Beauty in 2017.
Was at the forefront of providing diversity in the makeup industry, first introducing 40 shades to its foundation
The You Da One singer first unveiled her makeup line at Sephora, which grossed over $ 100 million in its first few weeks.
Stellar: Rihanna, thanks to her vast beauty and lingerie empire (pictured in her Fendi Line), became a billionaire in August 2021, dropping to 1,729 on the annual chart
Monetization: The vast majority of Rihanna’s wealth ($ 1.4 billion / £ 1 billion) comes from a 50 percent stake in her famous cosmetics brand, Fendi Beauty.
At the end of its first full calendar year in 2018, the LVMH brand took home $ 550 million (£ 394 million) in annual revenue, beating out popular cosmetics brands such as Kylie Cosmetics and KKW Beauty.
The high-end brand has grown into a billion-dollar business in four years, and with the launch of Fenty Skin last year, it will grow even more.
WWD reports that Fenty Skin has sold $ 30 million in four months on its e-store.
Rihanna’s Savage X Fenty lingerie line, in which she owns 30 percent of the stock, is valued at $ 1 billion (£ 717million).
Makeup, lingerie and music: How Rihanna amassed $ 1.7bn in assets
Fendi Beauty – $ 1.4 billion
Rihanna founded the acclaimed beauty brand in 2017, with the motto ‘Include women (feeling) everywhere’.
She said ‘You have makeup to have fun with. It should never feel stressful. It should never feel like a uniform. Do not hesitate to take opportunities, take risks and have the courage to do something new or different. ‘
The Beauty brand is a 50-50 joint venture with LVMH, a French luxury goods company.
The You Da One singer first unveiled her makeup line at Sephora, which sold over $ 100 million in its first few weeks.
The high-end brand turned into a $ 1 billion business (now worth $ 2.8 billion) in four years.
Fendi Skin launched last year – the company will grow further.
SAVAGE X FENTY – $ 270 million
Rihanna relaunched her most popular underwear in May 2018 – it is now worth $ 1 billion – and maintains a 30% stake in Rihanna Business.
Savage X Fenty received $ 115 million in second round funding for the brand in February, with Fashion House LVMH acquiring a stake in L Catterton, a private equity firm.
The line was launched in 2018 and is expected to be the market leader in 2025.
Last year, Savage X Fenty saw revenue growth of over 200% and increased its active VIP membership base by more than 150%.
Music / Performance – $ 30 Million
Although the star has not released new music since ANTI in 2016, he has amassed a fortune from his record career, which began in 2005 with the first single Bon de Replay.
The star has sold over 250 million records worldwide and is one of the most successful record artists of all time.
The second round of funding for the brand in February was $ 115 million (£ 82.7 million) for Savage X Fenty, which owns shares of Fashion House LVMH, a private equity firm owned by L Catterton, which took a percentage of the tax.
Meanwhile, J-Z – one of the richest stars in hip hop for a long time – has a portfolio of $ 1.4 billion, which puts him at 2,076 on the list of billionaires.
The value of the music icon includes his Tidal streaming service and the sale of Armond de Brignock Champagne to LVMH, as well as his Rock Nation Empire.
Kanye denies that Forbes is worth $ 2 billion, which The Blast claims is actually $ 7 billion.
Forbes Billionaire List: Top 10
Elon Musk (Tesla, SpaceX) – $ 219 billion
Jeff Bezos (Amazon) – $ 171 billion
Bernard Arnold (LVMH) – $ 158 billion
Bill Gates (Microsoft) – $ 129 billion
Warren Buffett (Berkshire Hathaway) – $ 118 billion
Larry Page (Google) – $ 111 billion
Sergey Brin (Google) – $ 107 billion
Larry Ellison (software) – $ 106 billion
Steve Palmer (Microsoft) – $ 91.4 billion
Mukesh Ambani (Reliance Industries) – $ 90.7 billion
According to ET Canada, Kanye is pursuing $ 2.6 billion worth of Oprah Winfrey, while his ex-wife Kim Kardashian is pursuing $ 1.8 billion.
West has many contracts, but the magazine’s criterion for determining one’s wealth does not take into account the ‘institutional value of long-term contracts’, according to The Plast.
Net worth is determined on the basis of ‘earnings for the last year only’.
The Blast tells West that the team was told in advance about the article and was not happy with the way his value was included in the story.
On top of his hugely successful music career, West has a multi-year deal with adidas with its hugely successful Yeezy range, and he has produced and designed a major deal with Gap for the company.
The Yeezy Gap apparel collaboration has sold $ 1 billion in its first year, and now the Yeezy Gap, engraved by Balenciaga, will be released later this year.
The Plast reports that Kanye owns a small stake in his ex-wife Kim Kardashian’s shapeware brand Skims.
According to The Plast, West thinks the publication is trying to ‘control and reduce him at the cost of their own honesty’.
This is not the first time Kanye has expressed his displeasure with Forbes.
Furious: Kanye Forbes reportedly denied his estimate of $ 2 billion, saying it was actually $ 7 billion.
After West was awarded the title of billionaire in 2020, West reportedly sent a text message criticizing his net worth.
The article revealed how the rapper released the documents, telling them ‘Kanye, Inc. Gave the appearance of the real number of ‘. To prove the record.
However, the article notes that West is not happy with their research and findings – he believes his net worth is about $ 3.3 billion more than the estimated $ 1.26 billion.
‘This is not a billion,’ West reportedly texted the publication. ‘It’s $ 3.3 billion because no one at Forbes knows how to count.’
Elon Musk, founder of Tesla and SpaceX, topped the Forbes list of most desirable Forbes billionaires on social media earlier this week after announcing his acquisition of a stake in Twitter.
Mogul’s net worth is currently estimated at $ 219 billion.
He is followed by Amazon’s Jess Bezos with $ 171 billion and Microsoft co – founder Bill Gates with $ 129 billion.
Monetization: Kanye also owns a small stake in his ex-wife Kim Kardashian’s shapeware brand, Skims.