Rihanna has been named the richest female musician in the world. The Umbrella singer is the richest female musician in the world with a fortune of US $ 1.7 billion.
Rihanna officially holds the status of a billionaire in the world with a total wealth of US $ 1.7 billion, according to Forbes. This amount of wealth also makes her the richest female musician in the world.
Rihanna’s wealth value as the richest female musician in the world, she is beating another divas such as Jennifer Lopez, Barbra Streisand, Victoria Beckham, Shania Twain, Gloria Estefan, Beyonce, Dolly Parton, Celine Dion and Madonna.
Rihanna’s status as the richest female musician in the world is only behind Oprah Winfrey as the richest female artist in the world. Where did Rihanna’s wealth come from as the richest female musician in the world?
The music he produces is not the main source of his wealth. Rihanna successfully holds the status of the richest female musician in the world due to a number of businesses she owns, including the Fenty Beauty cosmetics line and the women’s underwear brand, SavagexFenty.
The Barbados singer owns a 50 per cent stake in Fenty Beauty, a venture he has developed with Bernard Arnault, the French luxury goods conglomerate. In addition, Rihanna also has a 30 percent ownership in her underwear brand that upholds inclusiveness.
His total income from the two businesses is estimated at US$270 million. His two brands have successfully penetrated the beauty and fashion markets because of their unique concepts and bold products.
Fenty Beauty’s various cosmetic items are known to have various shades, including foundations with 50 different skin tones. When it was first released in 2018, the brand generated more than $550 million in annual revenue.
This achievement makes Fenty Beauty the winner among other celebrity cosmetic brands including Kylie Cosmetics Kylie Jenner and KKW Beauty Kim Kardashian West. “A lot of women feel like there isn’t a line out there that matches their skin tone.
She was one of the first brands to come out and say, ‘I want to talk to all those different people.'” says Shannon Coyne, co-founder of consumer product consultancy Bluestock Advisors about the brand’s success.
While the underwear offers comfort and variety of sizes, which has succeeded in making SavagexFenty overtake Victoria’s Secret as the most sought-after brand in this sector. Rihanna’s image as a classy artist with high fashion sense also contributed to boosting the popularity of her two business lines.
It is Rihanna’s wealth that makes her the richest female musician in the world.
Rihanna full name is Robyn Rihanna Fenty. She is born in Saint Michael, Barbados, on 20th February 1988 (she is 34 years old now).
His father, Ronald Fenty, worked as a warehouse manager and his mother, Monica Fenty, was an accountant. Rihanna is the eldest of three children. He has two younger brothers named Rorrey and Rajad Fenty.
Rihanna begin her musical career on 2003, formed a musical trio with two of her classmates. Later that year, she was discovered by Evan Rogers, an American record produces.