Pop star Rihanna is now the richest female musician in the world with a wealth of $600M, according to Forbes , and she’s obviously not stopping soon.
Rihanna has been making boss moves outside music for sometime now. In September 2017, she launched Fenty Beauty, which is said to be co-owned by LVMH. It racked up a reported $100 million in sales in its first few weeks.
According to Forbes: “ Fenty Beauty generated an estimated $570 million in revenue last year, after only 15 months in business. The entire operation is worth, conservatively, more than $3 billion. Forbes estimates that LVMH owns an estimated 50% of it, while Rihanna has about 15%, a figure a spokesperson for the artist disputed but wouldn’t clarify further.”
After that, Rihanna partnered with another French conglomerate, Kering, on a Fenty x Puma brand.
She also co-owns the Savage X Fenty lingerie line with Los Angeles-based online fashion firm TechStyle Fashion Group.
Rihanna has now, in partnership with LVMH, launched
Fenty, a luxury fashion house which will make clothes, shoes, accessories and jewelry, and is LVMH’s first new house in more than 30 years.
She’s also made millions from her career as a singer, from tours and from music she’s released.
Forbes reports that that Rihanna is “ahead of the likes of Madonna ($570 million), Céline Dion ($450 million) and Beyoncé ($400 million).”
She ranks 37 on Forbes’ list of “America’s Self-Made Women”.