Rihanna is well on her way to becoming the next celebrity beauty billionaire. According to Forbes, the 31-year-old pop icon is now the richest female musician in the world, with a fortune totaling $600 million. And while earnings from her Grammy-winning musical career certainly helped her grow her wealth, they’re pennies compared to what her partnership with LVMH is pulling in.
Rihanna is estimated to own 15% of her famously inclusive Fenty Beauty brand, which has reportedly raked in $570 million in sales since its launch in September 2017; to put that in context, second-richest female musician Madonna‘s fortune totals the same amount.
According to the publication, the cosmetics brand is conservatively worth more than $3 billion.
The singer also has her Savage x Fenty lingerie line, which she co-owns with TechStyle Fashion Group. And last month, she further expanded her empire with the launch of her much-anticipated luxury label with LVMH, simply dubbed Fenty, which features high-end clothing, shoes and accessories priced from $200 to $1,100.
Presented by: Talia Soares