The magazine ‘Forbes’, estimates that Rihanna has become the world’s richest female musician. She is estimated to be worth $1.7 billion.
However, most of her wealth doesn’t come from music. Rather, her wealth comes from a cosmetics company called Fenty Beauty.
Rihanna has over 100 million followers on social media, and she used this to promote her cosmetics company which started in 2017.
Rihanna realised that most cosmetics companies only offer 5 or 6 different colours of make-up. Therefore she started her own cosmetics company and sold make-up with 50 different colours, that way people could choose a style that suits them personally.
Many businesses struggled in 2020, but not cosmetic companies. Many of them are more valuable than ever before.
Estimate – To guess the value of something.
Musician – A professional music player/singer.
Worth – The value of something (i.e. a company/a person/ect.)
Wealth – The total amount of money/property/assets someone owns.
Cosmetics – Make-up and beauty products.
Make-up – Beauty products that people put on their skin/face/hair.
Social media – Facebook/Twitter/Instagram/ect.
Struggled – Had a difficult time.
Valuable – A high value.