Rihanna has been named by Forbes as the world richest female musician by Forbes thanks to Fenty Beauty and music.
According to Forbes, the 31-year-old star is now the richest female musician in the world, with a fortune totaling $600 million.
And while earnings from her Grammy-winning musical career certainly helped her grow her wealth, they’re small compared to what her partnership with LVMH is pulling in.
Rihanna is estimated to own 15% of her famously inclusive Fenty Beauty brand, which has reportedly raked in $570 million in sales since its launch in September 2017. To put that in context, second-richest female musician Madonna‘s fortune totals the same amount.
According to the publication, the cosmetics brand is conservatively worth more than $3 billion.
The “Diamonds” hitmaker has also got her Savage x Fenty lingerie line, which she co-owns with TechStyle Fashion Group.
And last month, she further expanded her empire with the launch of her much-anticipated luxury label with LVMH, simply dubbed Fenty, which features high-end clothing, shoes, and accessories priced from $200 to $1,100.
By Damilola Faustino