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Rihanna now world’s richest female musician, thanks to Fenty Beauty

Rihanna is well on her way to becoming the next celebrity beauty billionaire.

According to Forbes, Rihanna is now the richest female musician in the world, with a fortune totaling in $600 million.

The 31-year-old – born Robyn Rihanna Fenty in Barbados – has amassed wealth exceeding that of Madonna (US$570 million), Celine Dion (US$450 million) and Beyonce (US$400 million).

Rihanna is estimated to own 15% of her beauty brand Fenty Beauty brand. It has reportedly raked in $570 million in sales since its launch in September 2017.  According to Fenty Beauty, the cosmetics brand is conservatively worth more than $3 billion.

Since bursting onto the music scene in 2003, she has spun her triumphs in music into entrepreneurial gold. She started to launch 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 US$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

Either way, we all know Rihanna is bringing in the bread many ways. We love independent women!

Have any thoughts? Leave your comments below!

After, be sure to keep visiting Hypefresh for more news on the culture!

Featured Image Credit: NBC News

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