Music

Rihanna named the richest woman in music – despite not releasing a new album in three years

Rihanna at her new Fenty store in Paris
Rihanna is the richest woman in music (Picture: Rex)

Rihanna was serious when she sang B***h Better Have My Money because the popstar has been named the richest woman in music, beating the likes of Beyonce and Madonna.

The 31-year-old is estimated to have earned an eye-watering net worth of $600 million (£472 million), amassed through her music catalogue, touring and more recently, her lucrative Fenty Beauty empire.

According to Forbes, Rihannas wealth has surpassed the likes of Madonna who has reportedly amassed a fortune of $570 million (£448 million), Celine Dion with $450 million (£350 million) and Beyonce, whos estimated to be worth $400 million (£314 million).

Just last month, Rihanna discussed her sizeable fortune and said that she works out of passion rather than a desire to be rich.

Speaking to The New York Times, RiRi said: Money is happening along the way, but Im working out of what I love to do, what Im passionate about.

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Rihannas position as the richest woman in music may come as a surprise as shes been less active on the charts in recent years.

The Work singer released her last studio album, Anti, back in January 2016 and has only featured on a handful of collaborations since, including Wild Thoughts with DJ Khaled and Bryson Tiller and Kendrick Lamars single Loyalty, which won the Grammy for best rap/sung performance in 2018.

Beyonce performs at the City of Hope Gala 2018
RiRis fortune reportedly surpasses Beyonces (Picture: SIPA USA)

But its likely Rihannas fortune has enjoyed its biggest boost from her fashion and beauty ventures.

In 2017, the Bajan singer launched her Fenty Beauty brand which immediately won applause for its diverse range of foundation shades, appealing to almost every woman.

Earlier this year, LVMH Moet Hennessy Louis Vuitton – the luxury fashion company which owns Fenty Beauty – reported that the cosmetics brand had raked in €500 million in 2018.

Rihanna modelling for Savage x Fenty
Rihannas focused on her fashion and beauty empire in recent years (Picture: Instagram, Savagexfenty)

WWD previously reported that RiRi was likely paid around $10 million for the beauty deal up front.

The popstar also runs the Savage x Fenty lingerie brand.

More: Rihanna

Rihannas business portfolio will only keep growing as she has just launched her new fashion label, Fenty. Shes now the first black female designer to releasRead More – Source

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