Forbes magazine lists 31-year-old Rihanna as the richest female musician in the world, with a fortune totaling $600 million. But it’s not her music that’s making her the most moolah, it’s her fashion partnership with LVMH that’s putting her over the top.
via Page Six:
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.
Watch out, Kylie Jenner! There’s a new beauty billionaire coming up in your wake!