Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Rihanna is known worldwide as a singer, actress, and fashion designer, but not many know that she is also a businesswoman. The 33-year-old is now a certified billionaire, and most people will be surprised to know that what made her the richest female musician in the world is not her music, but it was something else.
Rihanna was able to reach her billionaire status today because of her cosmetics business that was only launched in September 2017. It can still be considered new, but the brand raked in millions to push the singer to the top of the business line.
According to Fox Business, the singer was officially declared a billionaire on Wednesday, Aug. 4. Her profile in Forbes showed that her fortune already ballooned to an estimated amount of $1.7 billion.
The “We Found Love” singer may already be very wealthy due to her career in the entertainment field, but she has also been busy with her business. Her brand called Fenty Beauty contributed to the majority of her wealth now.
She is the wealthiest female singer today, and with her record, she is behind Oprah Winfrey to be the richest entertainer. It was estimated that in Rihanna’s entire fortune, $1.4 billion came from her cosmetic business. It was mentioned that the singer owns 50% of the company, and she also has a stake in Savage X Fenty, her lingerie line, which is said to be worth $270 million.
“A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium-dark, dark,” Forbes quoted Shannon Coyne, co-founder of Bluestock Advisors, consumer products consultancy, as saying in a statement with regards to Rihanna’s feat in her businesses. “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.’”
Meanwhile, Rihanna’s Fenty Beauty is also owned by LVMH, a French luxury goods company. Shannon Coyne said that the cosmetic brand’s wide-ranging line of products formulated for different types of skin tones has pushed the business into its massive success.
