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Umbrella singer’s estimated $1.7bn fortune owed largely to success of Fenty Beauty

Rihanna, the singer of hits such as Umbrella and We Found Love, is officially a billionaire and the world’s richest female musician.

However, most of her fortune, estimated on Wednesday by Forbes magazine to be $1.7bn (£1.2bn), does not come from chart-topping singles, but from the success of her cosmetics empire.

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