Rihanna Becomes Wealthiest Female Musician In The World
Rihanna just might want to change her nickname from Bad Gal Ri Ri to Rich Gal Ri Ri.
PARIS, FRANCE – MAY 24: Rihanna surprises her fans at the opening of the FENTY Pop Up Store on May 24, 2019 in Paris, France. (Photo by Kristy Sparow/Getty Images For FENTY)
Rihanna is now the wealthiest woman musician in the world, according to Forbes. The 31-year-old “Needed Me” singer and soon-to-be first black woman in charge of a major luxury fashion house has a fortune worth $600 million, surpassing the likes of Madonna ($570 million), Celine Dion ($450 million), and Beyonce ($400 million).
The majority of Rihanna’s fortune comes from her partnership with LVMH, the French luxury goods giant that’s run by billionaire Bernard Arnault.
Rihanna (pronounced “Ri-ann-ah”, as the Bajan singer recently clarified) has a co-owning partnership with LVMH for her popular makeup brand Fenty Beauty, named after the singer whose given name is Robyn Rihanna Fenty.
“They extended the offer to me and it was a no-brainer because LVMH is a machine,” Rihanna told The New York Times Style Magazine. “Bernard Arnault was so enthusiastic; he trusted me and my vision.”
PARIS, FRANCE – MAY 23: Rihanna attends the Fenty Exclusive Preview on May 23, 2019 in Paris, France. (Photo by Aurelien Meunier/Getty Images For Fenty)
During its first few weeks, Fenty Beauty made a reported $100 million in sales and has generated an estimated $570 million in revenue last year, after only being in business for 15 months.
Rihanna’s entire Fenty Beauty operation is worth over $3 billion. In addition to Fenty Beauty, Rihanna also co-owns the Savage X Fenty lingerie line with Los Angeles-based digital fashion firm TechStyle Fashion Group.
RiRi has also accumulated millions from touring as a singer, which makes up the rest of her fortune, and it won’t stop there. The “Diamonds” singer and LVMH announced in May that they’ll be launching Fenty, a new clothing house that will create high-end clothes, shoes, accessories and jewelry.
Glennisha Morgan is a Detroit-bred multimedia journalist and writer. She writes about intersectionality, hip-hop, pop culture, queer issues, race, feminism, and her truth. Follow her on Twitter.
