Rihanna scored another big win after the "Umbrella" singer was among the A-list celebrities who made the cut into Forbes' billionaire list this year.

According to USA Today, Forbes released their annual report on Tuesday, which included some returning billionaires and new faces in the world of wealth.

Yahoo! Finance noted that Rihanna is among the billionaires that are in their first year, with a net worth of $1.7 billion.

Rihanna ranked 1,729th among the billionaires Forbes listed this year. She was also known to be the first billionaire from her home country, Barbados.

The "Man Down" singer was also declared the world's richest musician.

Rihanna is known to achieve her billionaire status in August.

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Rihanna's Earnings That Made Her Become a Billionaire

Rihanna is known to be one of the most successful singers with her hit songs, including "Where Have You Been," "We Found Love," and "Take a Bow."

One of her major earnings while still active in the music industry was her most famous Diamond world tour which earned around $140 million, CA Knowledge reported.

Rihanna also sold more than 215 million digital tracks and 60 million albums. In 2016, she earned around $22.3 million for making music.

However, music is not Rihanna's only factor in making herself a billionaire.

Forbes credited the majority of her wealth to her fashion brand, Savage X Fenty, and her beauty line, Fenty Beauty, per Yahoo! Finance.

The four-year fashion brand reportedly raised $125 million in the January round and has expanded to five locations throughout California and Las Vegas.

Reports noted that Rihanna maintains a 30 percent ownership stake in the fashion brand.

According to reports, Savage X Fenty is eyeing an Initial Public Offering (IPO) listing that could happen this year. The share was reported to value at around $3 billion.

Meanwhile, Fenty Beauty contributed the most to Riri's wealth. The said brand is known to be valued at around $1.4 billion, Yahoo! Finance reported. The makeup company generated around $550 million in annual revenue, during the first year of its release.

Fenty Beauty is a 50-50 collaboration between Rihanna and fashion powerhouse LVMH. LVMH is the conglomerate behind other luxury brands, such as Louis Vuitton and Christian Dior.

In addition to her earnings, Rihanna has also a massive asset that also contributes to her wealth.

CA Knowledge noted that the "California King Bed" singer owns a $14 million penthouse in Manhattan. The singer also reportedly purchased a house in west London that costs around $7 million in 2018.

Rihanna also owns luxury cars, including Lamborghini Avedator, Maybach 575, and Porsche 997 Turbo, per CA Knowledge.

Other Celebrities Who Made to Forbes Billionaire's List

Rihanna is not the only celebrity who made it into this year's Forbes billionaire list.

Kim Kardashian grabbed the 1,645th spot in the list with a net worth of $1.8 billion, USA Today reported.

Kanye "Ye" West also appeared on the list with a whopping net worth of $2 billion. He grabbed the 1,513th spot.

Jay Z, Steven Spielberg, and Tyler Perry were also among the personalities who made it to this year's billionaire list from Forbes.

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This article is owned by Latin Post.

Written By: Joshua Summers

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