Rihanna is officially a billionaire

Thanks to the success of her Fenty Beauty line, Rihanna is now officially a billionaire.

A Forbes report estimates that the 33 year old singer is now worth $1.7 billion (€1.4 billion) - making her the wealthiest female musician in the world, and second only to Oprah Winfrey as the richest female entertainer.

The bulk of Rihanna's fortune is from her beauty enterprise Fenty Beauty, which is worth an estimated $1.4 billion. The rest comes from her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from her music and acting career.

Other business ventures that have contributed to Rihanna’s wealth include her skincare line Fenty Skin, her former fashion line Fenty, which she wound up earlier this year, and her popular line of fragrances.

The only drawback to Rihanna's financial success? It might be the reason she hasn't released a new album since 2016's Anti.

Lately however she was spotted shooting a new music video in New York City with A$AP Rocky, who also recently revealed he was making new music with Rihanna.

The two confirmed they were dating after years of on-and-off speculation about their relationship.