Rihanna named world's richest female musician

Forbes magazine estimates the musician’s fortune at $600m, a figure bolstered by her lucrative fashion and beauty ventures

Rihanna has been named the world’s richest female musician by Forbes magazine. The singer’s worth is estimated at $600m (£472m), including revenues made from her fashion and beauty lines in addition to those from her music career.

In May 2019, French luxury brand LVMH confirmed it would launch Rihanna’s fashion company, Fenty, making her the first woman of colour to lead an LVMH fashion house. “I want to be as disruptive as possible,” she told the New York Times of the venture. “The brand is not traditional.”

LVMH also backs Rihanna’s lucrative cosmetics company, Fenty Beauty, which launched in 2017 and is worth more than £3bn, from which Rihanna has earned $570m, Forbes reports. Boots recently acquired UK distribution rights for the brand. She also designs an inclusive lingerie line, Savage x Fenty, in partnership with TechStyle Fashion Group.

In May, Rihanna told the New York Times that she wasn’t driven by money but by her work. “The money means that I can take care of my family. The money means that I can facilitate the businesses that I want to. I can create jobs for other people. My money is not for me; it’s always the thought that I can help someone else or, in the future, for if I have kids.”

In 2012, Rihanna founded the Clara Lionel Foundation, which supports health and education efforts in impoverished communities around the world. In February 2017, she was named humanitarian of the year by Harvard University.

Forbes’s list of the top five richest female musicians finds Madonna in second place ($570m), Céline Dion in third ($450m), Beyoncé and Barbra Streisand tying in fourth ($400m) and Taylor Swift in sixth ($360m).

The publication defines “self-made” as “someone who built a company or established a fortune on her own, rather than inheriting some or all of it” – hence the Kardashian scion Kylie Jenner being named America’s youngest “self-made” billionaire earlier this year thanks to her cosmetics brand, Kylie Cosmetics.

The latest issue of Forbes magazine also names Jay-Z as the world’s first billionaire rapper, claiming that the 49-year-old’s empire “conservatively” totals $1bn after valuing his various ventures as well as any real estate and his art collection.


Laura Snapes

The GuardianTramp

Related Content

Article image
Billionaire Rihanna named world’s richest female musician
Umbrella singer’s estimated $1.7bn fortune owed largely to success of Fenty Beauty

Rupert Neate Wealth correspondent

04, Aug, 2021 @5:17 PM

Article image
Rihanna: the pop star who became a fashion powerhouse
The singer has cemented her status with an epic show at New York fashion week and the launch of her own beauty brand

Jess Cartner-Morley

15, Sep, 2017 @11:46 AM

Article image
Fenty x Puma by Rihanna: ethnically diverse and exuberant
The pop star is making inroads in fashion with an impressive show combining motocross stunts and colourful surf aesthetics

Hannah Marriott in New York

11, Sep, 2017 @6:47 PM

Article image
The new queen bee: Rihanna is crowned Britain's wealthiest female musician
The megastar enters the Sunday Times UK Rich List musician category at No 3 with a £468m fortune, beating Adele, Ed Sheeran and Mick Jagger

Nosheen Iqbal

16, May, 2020 @4:05 PM

Article image
Rihanna gives £1.67m to support LA domestic violence victims in lockdown
The singer joined with Twitter CEO Jack Dorsey to provide shelter, meals and counselling for families at risk in coronavirus pandemic

Laura Snapes

10, Apr, 2020 @11:15 AM

Article image
Rihanna beats Topshop in high court battle over unauthorised T-shirt
Judge rules that T-shirt featuring Rihanna's image would lead consumers to believe it was authorised, in move that could cost chain £3m

Sarah Butler

31, Jul, 2013 @3:46 PM

Article image
Rihanna set to become LVMH's first black female designer – reports
New fashion brand, expected to take Fenty name, will be major boost for diversity in industry

Scarlett Conlon

18, Jan, 2019 @6:06 PM

Article image
Rihanna mobbed in Paris: Dennis Leupold's best photograph
‘A huge crowd surrounded the car. It was quite eerie, almost scary. Even for her that moment was crazy’

Interview by Tim Jonze

24, Oct, 2019 @5:01 AM

Article image
How Rihanna stopped Topshop selling a T-shirt with her face on
Paula Cocozza: The singer recently put an end to the fashion chain's 'Rihanna Tank' tops – but that doesn't mean it's open season for other celebrities worried about exploitation of their image

Paula Cocozza

31, Jul, 2013 @3:12 PM

Article image
Rihanna, Lady Gaga and what's really behind burqa swag | Arwa Mahdawi
Arwa Mahdawi: Western pop stars are trying to shock by appropriating traditional Islamic dress – but their plan will backfire

Arwa Mahdawi

24, Oct, 2013 @6:00 AM