Recent Forbes reports show that Rihanna is now the world’s wealthiest female musician. Her fortune has surpassed Madonna’s ($570 million), Céline Dion’s ($450 million) and Beyoncé’s ($400 million).
When Rihanna burst on to the music scene more than a decade ago, the world couldn’t have foreseen that she would be declared the world’s richest female musician in 2019, but she is and the internet went gaga over the news.
A bulk of her fortune comes from her new partnership with LVMH, which is run by billionaire Bernard Arnault. The luxury brand, which goes up to size 14, is LVMH’s first new house in over 30 years and is under the same umbrella as brands like Dior and Givenchy.
As well, she made fortune from Fenty Beauty, which launched in September 2017 and shook the entire make up industry. Setting itself aside from the competition with their all-inclusive products, Fenty Beauty grossed a reported $100 million in sales within its first few weeks.
The entire Fenty Beauty brand is worth about $3 billion, according to Forbes. LVMH owns 50 percent of the beauty brand, meanwhile, Riri owns 15 percent. Forbes reports the remainder of the singer’s fortune comes from the Savage X Fenty lingerie line she co-owns, and the millions she earned from music and touring.
Rihana expressed her joy after the announcement she says “I never thought I’d make this much money, so a number is not going to stop me from working,” At age 31, Rihanna has become almost as famous for her signature style as her catchy tunes.
In 2014, she was awarded the CFD Fashion Icon Award for her “exciting style.” Whether she’s wearing a couture gown or a menswear style tuxedo, Rihanna is always on the edge of what’s happening next in fashion and she can always be spotted at shows for top designers such as Stella McCartney, Chanel and Givenchy or on the cover of Vogue.
