Home Inspiring Stories Forbes named Rihanna richest female musician in the world(see wealth source)

Inspiring Stories

Forbes named Rihanna richest female musician in the world(see wealth source)

June 5, 2019

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Forbes named Rihanna richest female musician in the world

In less than 24 hours after forbes named Jay-Z Hip-Hop’s first Billionaire, Rihanna was named the “world’s richest female musician”.

Forbes magazine revealed the 31-year-old R&B/Pop icon Rihanna from Barbados has an estimated fortune of $600 million which puts Rihanna’s net worth ahead of Madonna ($570 million), Céline Dion ($450 million), and Beyoncé ($400 million).

Rihanna’s source of wealth

Music, of course is not her only source of wealth, she has other businesses she runs such as her fashion enterprise. Rihanna became a star because of her #1 hits such as “Umbrella,” “Rude Boy,” “We Found Love,” and “Work.”

It’s her reported 15% ownership in Fenty Beauty cosmetics that plays the biggest part in the entertainer being $400 million away from billionaire status. Fenty Beauty is worth approximately $3 billion.

Rihann’s Luxury brand

In may 2019, The French luxury brand LVMH confirmed it would launch Rihanna’s fashion company, Fenty, making her the first woman to Lead an LVMH fashion house.

LVMH backs Rihanna’s cosmetics company, Fenty Beauty, which launched in 2017 and it is worth more than $3bn .

Rihanna is not driven money?

Rihanna told the Ney York Times that she is not driven by the money but by her work.

she said ‘’The money means I can take care of family. The money means that I can facilitate the business that I want to. I can create jobs for people.’’

Other richest female musicians

Forbs’s list of the top five richest female musicians finds Madonna in second place ($570m), Celine Dion ($450m), Beyonce and Barbra Streisand tying fourth ($400m) and then Taylor Swift in sixth position ($360m)

is Rihanna Self-made?

Self-made defines someone who has built a company or has established a fortune on his own, rather than inheriting some or all of it from parents, etc. Example of a self-made billionaire is the Kardashian scion Kylie Jenner who was named America’s Youngest self-made billionaire earlier this year, thanks to her cosmetics brand, Kylie cosmetics.