Rihanna is world’s richest female musician, says Forbes
MANILA, Philippines — Rihanna surely knows what it means to “work, work, work, work, work” as the lyrics from her 2016 hit suggests.
In a profile released by Forbes on Wednesday, Rihanna was named as the richest female musician worldwide with $600 million fortune.
Trailing behind Rihanna are Madonna with $570 million, Celine Dion with $450 million and Beyoncé with $400 million.
Most of Rihanna’s fortune, Forbes said, comes from her partnership with French multinational luxury goods conglomerate LVMH in their co-owned cosmetics line Fenty Beauty.
Fenty Beauty, launched in September 2017, racked up an estimated $100 million in sales in its first few weeks, Forbes reported.
The brand also sets itself apart from others by offering a wide range of foundation options with 40 shades.
Forbes said Fenty Beauty generated an estimated $570 million in revenue last year, after only 15 months in business, while its entire operation is worth $3 billion.
Rihanna also co-owns a lingerie line called Savage X Fenty with Los Angeles-based online fashion firm TechStyle Fashion Group.
But the singer does not stop there as she and LVMH launched in May a new clothing house called Fenty that will make high-end clothes, shoes, accessories and jewelry. (Editor: Mike U. Frialde)
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