Riri becomes the richest female musician. Rihanna has once again proved that she’s the ace in the game after being named as the Richest Female Singer by Forbes magazine. Rihanna has eventually evolved as a fashion icon and makeup entrepreneur through her music career, and this only points upwards!
Her net worth as per May 2019 goes up to $600 million, making her the wealthiest female musician, ahead of Madonna ($590 million), Celine Dion ($450 million), and Beyonce ($355 million). She is about to take over the industry as well, thanks to her brainchild, the upcoming luxury cosmetic brand, Fenty Beauty.
Make-up does not burn but earns!
The star claims that most of her income is not from the music industry but through her partnership with the luxury brand Louis Vuitton SE. Louis Vuitton SE (also known as LVHM) co-own the makeup brand Fenty Beauty alongside Rihanna herself. The brand was launched in September of 2017 at Sephora.
— Rihanna (@rihanna) May 21, 2019
Fenty Beauty made the partners a fortune of over $100 million in just the initial weeks, thanks to Rihanna’s fame and her influence on major social media platforms. The sales graph has just gone up the scale since the launch. The revenue generated by the brand last year was an astounding $570 million, after just 15 months in the market.
Richest female musician: A Star Was Born
Robyn Rihanna Fenty is a the Barbados native. She has faced many hardships which include a drug-addict father and a well-publicized assault by the then-boyfriend Chris Brown in 2009. She also co-owns the Savage X Fenty lingerie line with TechStyle, which is a Los Angeles-based online fashion firm. LVHM and Rihanna announced Fenty, a new high-end clothing brand in May.
The fashion line will exist under the same umbrella as famous brands like Dior, Givenchy, etc. “Fenty is LVHM’s first new fashion house in more than 30 years.” Says Rihanna.
“What Fenty Beauty di to beauty, Fenty Lifestyle is going to do to fashion,” says Stephanie Wissink, a research analyst at Jefferies. “Not only did [Fenty Beauty] achieve meaningful sales, it potentially changed the industry permanently.”