Award-winning R&B singer-songwriter, Rihanna has been named the wealthiest female musician.
1st News gathered that the singer is now worth $600 million; hence, becoming one of the most financially powerful women in the world.
In Forbes‘ annual list of America’s Richest Self-Made Women for 2019, Rihanna topped the list as the highest-paid woman in the music industry; estimating her worth to be $600 million.
The publication stated that a good portion of Rihanna’s wealth was acquired through her lucrative partnership with luxury good company, LVMH; with whom she launched her Fenty Beauty cosmetics line within 2017.
Since Fenty Beauty’s inception; Forbes reported that the cosmetics line has earned Rihanna $570 million in just 15 months of business.
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Along with Fenty Beauty, Rihanna has expanded her prowess to clothing; creating her Savage x Fenty lingerie brand with Tech Style Fashion Group and starting her recent foray into high-end clothing with Fenty, alongside LVMH.
“They extended the offer to me and it was a no-brainer because LVMH is a machine,” Rihanna said of her clothing line to The New York Times Style Magazine.”
“Bernard Arnault was so enthusiastic; he trusted me and my vision.”
The clothing line, which launched on May 22; is anticipated to expand her wealth.
The esteemed honor places Rihanna ahead of many of her peers within the music industry.
Madonna came second behind Rihanna, who was reported to be worth $570 million; while Celine Dion ($450 million); Beyoncé ($400 million), and also Taylor Swift ($360 million) round out the top five richest women in music.