Advertisement

Rihanna Beats Beyonce, Madonna To Emerge World’s Richest Female Musician

Author

Categories

Share

Singer, makeup entrepreneur, lingerie designer and now the first black woman to head a top luxury fashion house — Rihanna has racked up a $600 million fortune to become the world’s richest female musician, Forbes said Tuesday.

The 31-year-old — born Robyn Rihanna Fenty in Barbados — has amassed wealth exceeding that of Madonna ($570 million), Celine Dion ($450 million) and Beyonce ($400 million), whose husband Jay-Z was just named the world’s first billionaire rap star.

Rihanna’s ranking puts into fresh perspective one of her signature lyrics — “work, work, work, work, work,” which opened her 2016 dancehall smash “Work.”

Since bursting onto the scene in 2003, she has spun her triumphs in music into entrepreneurial gold, launching her makeup brand Fenty Beauty — co-owned by French luxury giant LVMH — in September 2017 online and with Sephora.

The line found success not least thanks to Rihanna’s fame both on and offline, with some $570 million in revenue last year after just 15 months of business.

She makes the majority of her money from touring and musical releases, according to Forbes, but also co-owns her Savage X Fenty lingerie line.

In May, Rihanna launched a groundbreaking partnership with LVMH to launch a luxury fashion brand based in Paris that will make ready-to-wear clothes, shoes and accessories.

A new large-scale luxury label — especially one led by a black woman — is a huge development in the fashion world, with Rihanna’s line Fenty sitting alongside legacy brands like Dior, Louis Vuitton, Fendi and Givenchy at the conglomerate headed by Bernard Arnault.

Read Also:   See Photos From Veteran Actor, Baba Sala's Burial
Read Also:   Oyekanmi, Film Produced By Talented Movie Maker, Dodoede To Be Released Today

“I just want to see things from my perspective. I’m a young black woman who loves and embraces all of the young people’s ideas and energies — I’m so about that,” she told AFP in Paris recently.

“It is about turning all of that into something luxurious for this fashion house.”

The singer’s explosive rise to music mega-star and global fashion icon did not come without tribulations, including her father’s bids to profit off her name and a highly publicized domestic violence case that saw her then-boyfriend Chris Brown charged in 2009 with assaulting her.

In addition to her venture into luxury fashion, Rihanna has hinted at dropping a new reggae album this year.

“I never thought I’d make this much money, so a number is not going to stop me from working,” she told The New York Times’ T Magazine in May.

“Money is happening along the way, but I’m working out of what I love to do, what I’m passionate about.”

(AFP)

Loading...

Author

Share

Loading...

Loading...