Rihanna Named Richest Female Musician

Rihanna Named Richest Female Musician

Rihanna has been named the world’s richest female musician, but her fortune isn’t solely from her music.

The Barbados native, 31, has gained her wealth in large part from her Fenty Beauty line, which she launched in 2017. The icon is worth $600 million, Forbes reported on Tuesday, putting her ahead of Madonna ($570 million), Celine Dion ($450 million) and Beyonce ($400 million).

Fenty Beauty, which Rihanna co-owns with the French luxury goods company LVMH, has become known for offering more inclusive shades of makeup than other brands, with 40 different options in foundation.

The brand brought in more than $100 million in sales in its first few weeks, according to Forbes. In 2018, the brand brought in $570 million in revenue, and the outlet estimates that Fenty is collectively worth more than $3 billion.

But the “Diamonds” singer isn’t limiting her empire to makeup alone and is poised to make similar waves in the fashion industry with her recently announced Fenty Maison line. Rihanna also co-owns the Savage X Fenty lingerie line.

Her new line, which is also part of LVMH, will produce clothes, shoes, accessories and jewelry.

The move makes Rihanna the first woman to start her own brand at LVMH and the first black woman to lead a fashion house at the company. Fenty is also the first new house to come out of LVMH since 1987, the New York Times reported in May.

Still, Rihanna hasn’t turned away from her music. She’s been working on a reggae album, but the project is still untitled and a release date has yet to be announced.

Listen to her most popular songs on Spotify: 

 

Click Here To Read more Blog 

Be the first to comment

All comments are moderated before being published