It’s official, Robyn Rihanna Fenty is the world’s wealthiest female musician. Let’s let that sink in.
The 31-year-old singer, actress, entrepreneur, beauty and fashion powerhouse just became the world’s highest female earner in music, according to Forbes. Meaning she’s out-earned Madonna ($570 million), Céline Dion ($450 million) and, Beyoncé ($400 million), three of the most wealthy women musicians alive today.
The financial glow up is real: In 2018 Rihanna ranked number 7 on Forbes list with an estimated $37.5 million. As Forbes notes, she’s now worth an estimated $600 million.
As for the tipping point? In May, Rihanna officially launched her luxury fashion label in partnership with the French luxury goods conglomerate, LVMH. The partnership was historical, she became the first woman of color to lead an LVMH business and Fenty Maison is the first fashion company that LVMH has launched from scratch.
While news of Rihanna’s ascent into the highest tax bracket in her respective field is a major accomplishment, it comes as no surprise. Launched in 2017, Rihanna’s Fenty Beauty generated $570 million in revenue during its first 15 months.
Then in May 2018, Rihanna launched Savage X, an online-based lingerie company. During the first 40 days on the market, the company made $100 million in sales. It’s now available in 40 markets. Sheesh.
Work, work, work, work, work indeed.
Culled from Essence
