Rihanna enters Forbes' billionaires list, becomes Barbados' first billionaire

MANILA, Philippines — Singer, actress and entrepeneur Rihanna has cracked into Forbes' 38th annual billionaires list, becoming Barbados' first registered billionaire.

With a net worth of $1.7 billion thanks to her stakes in her Fenty Beauty cosmetics line and the Savage X Fenty lingerie business, Rihanna ranks 1729th on the list and is also richest female musician.

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Another debutant on the Forbes list is "The Lord of the Rings" franchise director Peter Jackson, who became a billionaire after selling his stake in visual effects company Weta, which worked on the films. Jackson enters at 1,929th with a net worth of $1.5 billion.

Meanwhile rapper Kanye West, who now goes by Ye, rose 200 spots to 1,1513th on the list with a net worth of $2 billion, heavily contributed by his Yeezy partnership with Adidas.

Fellow hip-hop artist and music producer Jay-Z saw his net worth drop by $6 million to $1.3 billion, good for 2,076th place.

Other returning billionaires include entertainment icon Oprah Winfrey, movie director Steven Spielberg, filmmaker Tyler Perry, and Kanye's ex-wife Kim Kardashian.

Topping the list is Tesla founder Elon Musk with a net worth of $219 billion, followed by Amazon chief Jeff Bezos whose value is at $171 billion. The list has shrunk by nearly a hundred with the collective worth down from $13.1 trillion to $12.6  — of the 2,668 listed billionaires, 735 are from the United States.

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