Rihanna became the world’s richest female musician by Forbes Magazine!
Rihanna’s real name Robyn Rihanna Fenty launched Fenty Beauty in September 2017 and it’s estimated it racked up sales of $100 million in its first few weeks. The Forbes estimates that the company generated $570 million last year.
If the reports are to be believed, Singer Rihanna has been named as the “World’s Richest Female Musician” by the Forbes magazine with an estimated fortune of $600 million with the bulk of that coming from her Fenty beauty range. She’s overtaken Madonna and Beyonce, who previously topped the list, the BBC reported.
Hannah Symons, Global Beauty Manager at Euromonitor International said “Globally the entire beauty industry is worth $480 billion – in 2018 the UK market was valued at $17 billion,” As well as her beauty range, Rihanna also has a lingerie line and recently made history by becoming the first woman to have a clothing range with French company Moët Hennessy Louis Vuitton (LVMH).
“A lot of the people buying her products are not people who were buying her music. Rihana has been around for 15 years but the people buying her products are aged 16-19, so wouldn’t have been around when she started making music. However, the 31-year-old has been putting her efforts into her beauty, lingerie and clothing ranges.
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