Rihanna is making her debut — on Forbes’ coveted world’s billionaires list.
The singer turned entrepreneur, who ranks 1,729 (out of 2,668) with a net worth of $1.7 billion, first achieved billionaire status in August. She is the first billionaire of her home country, Barbados.
The annual report, which includes fellow musicians Jay-Z ($1.4 billion) and Kanye West ($2 billion), along with creators and entertainers Kim Kardashian ($1.8 billion), Steven Spielberg ($3.7 billion), Tyler Perry ($1 billion) and newcomer Peter Jackson ($1.5 billion), credits the success of Rihanna’s cosmetics line Fenty Beauty, along with her lingerie company, Savage X Fenty.
Savage X Fenty is reportedly eyeing an IPO that would value it at a whopping $3 billion, according to Bloomberg. A listing could happen as soon as this year.
The four-year-old fashion brand, which has expanded to brick-and-mortar with five locations throughout California and Las Vegas, raised $125 million during a January funding round. Rihanna maintains a 30% ownership stake, Forbes estimates.