Behold, Rihanna is now officially a billionaire!

According to Forbes, the singer and businesswoman is now worth $1.7 billion, making her the wealthiest female musician in the world. In fact, she's the second richest female entertainer behind Oprah Winfrey. She isn't raking in cash just with her music, either. Forbes reported about $1.4 billion worth came from Fenty Beauty, of which she owns 50 percent. Then, there's her lingerie brand Savage x Fenty, which is reportedly worth an estimated $270 million, and her earnings from her career as a musician and actress. Back in 2017, Rihanna and luxury goods company LVMH set out to create a more inclusive space within the beauty industry, thus launching Fenty Beauty, which sells its foundation in 50 shades and prides itself on using diverse models in its advertising. "I want all women to feel great," Rihanna told at the time. Like every mogul, Rihanna has experienced highs and lows. Just months after she launched Fenty Skin, she announced the closing of her fashion house Fenty. But no matter the challenges, Rihanna is continuing to build her empire. And hopefully this includes new music too.