Rihanna Now Richest Female Musician
Rihanna’s music, makeup, and upcoming luxury fashion brand have collectively made her the wealthiest female artist in the world, Forbes reports. The 31-year-old entrepreneur tops the financial charts at $600 million—ahead of divas including Madonna ($570 million), Céline Dion ($450 million), and Beyoncé ($400 million). The bulk of her fortune comes from her business partnership with LVMH, the co-owner of her makeup brand, Fenty Beauty, which launched in September 2017 at Sephora. The line, which benefited from Rihanna’s fame and her 71 million Instagram followers, brought in $100 million in sales after only a few weeks on shelves. After a mere 15 months on the market, the brand raked in an estimated $570 million in revenue. The whole enterprise is valued at more than $3 billion. LVMH owns an estimated 50 percent of it. According to Forbes, Rihanna owns about 15 percent.
