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Wednesday, 5 June 2019

Forbes Names Rihanna As World's Richest Female Musician

Rihanna has been named the wealthiest female musician in the world. According to Forbes, the 31 years old has amassed a $600 million fortune. This puts her ahead of fellow Madonna ($570 million), Céline Dion ($450 million), and Beyoncé ($400 million).
 
However, her wealth shot up after her partnership with French luxury goods giant LVMH, who co-owns Fenty Beauty.
 
The makeup brand launched in September 2017 and became a viral success with a reported $100 million in sales in its first few weeks.
 
Fenty Beauty has reportedly generated an estimated $570 million in revenue and is worth more than $3 billion overall.
 
Rihanna also co-owns her Savage X Fenty lingerie line with online fashion retailer TechStyle Fashion Group.
 
On Monday, Forbes declared Roc Nation mogul, Jay Z, the first billionaire rapper with a fortune that includes liquor, real estate, and investments.

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