Rihanna Becomes World's Richest Female Musician, Knocks Off Beyonce
Rihanna has been named the world’s richest female musician by Forbes magazine. The singer’s worth is estimated at $600m (£472m), including revenues made from her fashion and beauty lines in addition to those from her music career.
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In May 2019, French luxury brand LVMH confirmed it would launch Rihanna’s fashion company, Fenty, making her the first woman of colour to lead an LVMH fashion house. “I want to be as disruptive as possible,” she told the New York Times of the venture. “The brand is not traditional.”
LVMH also backs Rihanna’s lucrative cosmetics company, Fenty Beauty, which launched in 2017 and is worth more than £3bn, from which Rihanna has earned $570m, Forbes reports. Boots recently acquired UK distribution rights for the brand. She also designs an inclusive lingerie line, Savage x Fenty, in partnership with TechStyle Fashion Group.
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