Rihanna Is the World’s Richest Female Musical Artist
In the same month that Jay-Z was named “Rap’s first billionaire” Rihanna has been named the World’s Richest Female Musical Artist. As of June 2019, Rihanna’s net worth has struck $600 million. Forbes reports that Riri’s bank account grew in part due to her partnership with French company LVMH. Aside from her album sales and tour profits, Rihanna is also a co-owner of Fenty Beauty, a luxury goods company that has been making a lot of noise.
Fenty encompasses both cosmetics and fashion, and after launching in 2017, the brand quickly grew to be worth $100 million in fewer than 30 days. In 2018, Fenty profited $570 million. Owning 15% of the brand, Rihanna sits on $3 billion in that deal alone. But that’s not all- she’s also slipped into the lingerie business, launching Savage X Fenty lingerie line. Much like Jay-Z, Rihanna has made intelligent business partnerships that have certainly paid off.