Celebrity

Rihanna Is Reportedly the Richest Female Musician In the World

At just 31 years old, Rihanna is officially the richest female musician in the world. According to a profile on Tuesday (June 4) in Forbes, which estimates the singer’s massive warchest at around $600 million, putting RiRi north of such fellow music superstars as Madonna ($570 million), Celine Dion ($450 million) and Beyoncé ($400 million).

Rihanna’s rise to riches focuses not on her music sales or concert proceeds, but rather her savvy move into fashion and partership with French luxury goods giant LVMH. Their collaboration on Fenty Beauty — which launched in September 2017 at LVMH-owned Sephora was an out-of-the-box success, with the brand racking up a reported $100 million in sales in just its first few weeks.

After just 15 months in business, Fenty Beauty has reportedly racked up $570 million in sales, with the business worth an estimated $3 billion for LVMH, which owns a reported 50% of the company to Rihanna’s estimated 15%, a figure her team would not confirm. In addition to Fenty Beauty, Rihanna the first black woman to head up a major Parisian luxury house also co-owns the Savage X Fenty lingerie line with L.A.-based fashion firm TechStyle Fashion Group and has an upcoming clothing line with LVMH, Fenty, which will produce high-end clothes, shoes, accessories and jewelry; the latter, which launched online in May, will includes sizes up to 14.

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