Forbes has recently released an updated list on all the wealthiest people in the world. Jay-Z made the list as the first Hip-Hop Billionaire and now Rihanna has reportedly become the world’s wealthiest female musician.
Madonna held the title at $570 million with Céline Dion and Beyoncé following her but now the outlet has shared that the singer has passed them all with her own fortune adding up to $600 million.
Majority of Rihanna’s wealth has reportedly come from her co-ownership of Fenty Beauty, which launched in September 2017 and within its first weeks was said to have grossed $100 million in sales.
After its successful first year, Fenty Beauty made an estimated $570 million in revenue in 2018. The company’s worth approximated at $3 billion, according to Forbes with them reporting that it estimates Rihanna’s partners at LVMH owning 50% of Fenty Beauty and Rihanna owning 15%.
Though most of her fortune comes from Fenty Beauty, the rest of Rihanna’s fortune has recently come from her new lingerie line that she co-own with TechStyle Fashion Group, Savage X Fenty, and the millions she has accumulated from touring and releasing music as an artist.
Featured Image: (Photo by Aurelien Meunier/Getty Images For Fenty)