RIHANNA has surpassed Kylie Jenner’s financial status as the singer has reached a net worth of $1.7billion due to her Fenty Beauty makeup line.

The singer has been declared the wealthiest female entertainer in the world “second only to Oprah Winfrey” according to Forbes.

Rihanna has been declared the wealthiest female singer in the worldCredit: Getty

Her makeup and beauty line has surpassed the net worth of Kylie CosmeticsCredit: Kylie Jenner

Rihanna, 33, has officially been named a billionaire by the business and finance magazine, surpassing her makeup mogul peer Kylie Jenner, 23.

$1.4 billion of her massive fortune has come from her Fenty Beauty line, which she founded so that “women everywhere could feel included.”

The international star’s lingerie line Savage x Fenty ranks in at a net worth of about $270 million, and the rest of her fortune amounts from her chart-topping music career.

Fenty Beauty has a 50/50 joint venture status with the French luxury goods conglomerate LVMH, and together they focus on providing 50 shades of foundation for people of all skin colors.

After their first calendar year, the line “was bringing in more than $550 million in annual revenues,” Forbes revealed, beating out “Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Company.”

The co-founder of Bluestock Advisors, Shannon Coyne explained: “A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium-dark, dark.

“We all know that’s not reality. She was one of the first brands that came out and said ‘I want to speak to all of those different people.’”

Forbes estimated that Fenty Beauty as a whole is worth a whopping $2.8billion and will likely continue to grow as LMVH said it has “maintained its appeal as a premier makeup brand.”

MAKEUP OVER MUSIC

Despite her unprecedented success in beauty and fashion, her new ventures have seemingly interrupted her music career.

After years of consistent album releases, Rihanna hasn’t revealed a new music compilation since Anti in 2016.

“She is creating a brand outside of herself. It’s not just about Rihanna. Even if you don’t like her music, she’s created a real style in the fashion and beauty space,” Coyne claimed.

BYE BYE BILLIONAIRE

In June of 2020, Forbes revealed that Kylie Jenner was no longer a billionaire after she had “inflated the size and success of her business for years.”

In 2019, the magazine claimed the Keeping Up With The Kardashian’s star was the youngest self-made billionaire ever, and estimated her net worth as $1billion.

However, after a re-evaluation in May of 2020, they concluded that she was no longer worth that amount.

The publication explained that “a more realistic” account of her “personal fortune” is just under $900million.

Kylie slammed Forbes for going back on their original statement, writing on Twitter: “What am I even waking up to. I thought this was a reputable site.

“All I see are the number of inaccurate statements and unproven assumptions lol.”

“‘Even creating tax returns that were likely forged,’ that’s your proof? So you just THOUGHT they were forged? Like actually what am I reading.”

In 2019, Kylie sold 51% of Kylie Cosmetics to Coty for $600 million, and as of 2021, the company is worth around $1.2billion.

Rihanna launched Fenty BeautyCredit: AFP

As of 2021, Kylie Cosmetics is worth $1.2billionCredit: @kyliecosmetics

Kylie was stripped of her billionaire statusCredit: Getty