Published: Wed, June 05, 2019
Life&Culture | By Sue Mclaughlin

Rihanna named world's richest female musician by Forbes

Rihanna named world's richest female musician by Forbes

Rihanna is now worth $600 million, according to Forbes.

Not only does Rihanna earn moola from her tours and albums, she also has money rolling in from her makeup brand Fenty Beauty.

Forbes said Fenty Beauty generated an estimated $570 million in revenue past year, after only 15 months in business.

Rihanna came in ahead of megastars like Madonna, who has a net worth of $570 million, Celine Dion with $450 million, and Beyonce who is worth $400 million.

Her latest accomplishment, the launch of her FENTY clothing and accessories line under LVMH is also set to not only influence the fashion industry as strongly as her make up line did but also rake in several millions for the mogul.

A bulk of her fortune comes from her new partnership with LVMH, which is run by billionaire Bernard Arnault. Fenty Beauty racked up a reported $100 million in sales in its first few weeks, propelled by Rihanna's fame and 71 million Instagram followers.

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Rihanna surely knows what it means to "work, work, work, work, work" as the lyrics from her 2016 hit suggests. "Not only did Fenty Beauty achieve meaningful sales, but it potentially changed the industry permanently".

The entire operation is worth, conservatively, more than $3 billion.

The magazine estimated that Rihanna owns 15 percent of the company, a number that a Rihanna spokesman disputed.

In May 2019 she and LVMH announced a new fashion house called Fenty, which will be based in Paris. "Money is happening along the way, but I'm working out of what I love to do, what I'm passionate about", Rihanna said.

She makes the majority of her money from touring and musical releases, according to Forbes, but also co-owns her Savage X Fenty lingerie line.

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