Rihanna emerges world’s richest female musician

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Robyn Rihanna Fenty has acquired wealth surpassing that of Madonna $570 million, Celine Dion $450 million and Beyonce $400 million.

Rihanna’s ranking puts into fresh perspective one of her signature lyrics “work, work, work, work, work,” which opened her 2016 dancehall smash.

Since her debut in 2003, she has spun her triumphs in music into entrepreneurial gold, launching her makeup brand online, Fenty Beauty co-owned by French luxury giant LVMH in September 2017 and with Sephora.

The brand found success thanks to Rihanna’s fame on and offline, with $570 million in revenue last year after 15 months of business.

She makes majority of her money from touring and musical releases and also co-owns her Savage X Fenty lingerie line.

In May, Rihanna launched a groundbreaking partnership with LVMH to launch a luxury fashion brand based in Paris that will make ready-to-wear clothes, shoes and accessories.

A new large-scale luxury label especially one led by a black woman is a huge development in the fashion world, with Rihanna’s line Fenty sitting alongside legacy brands like Dior, Louis Vuitton, Fendi and Givenchy at the conglomerate headed by Bernard Arnault.

“I just want to see things from my perspective. I’m a young black woman who loves and embraces all of the young people’s ideas and energies, I’m so about that,” she said.

“It is about turning all of that into something luxurious for this fashion house.”

 The singer’s explosive rise to music mega-star and global fashion icon did not come without tribulations, including her father’s bids to profit off her name and a highly publicised domestic violence case that saw her then-boyfriend Chris Brown charged in 2009 with assaulting her.

In addition to her venture into luxury fashion, Rihanna has hinted at dropping a new reggae album this year.

“I never thought I’d make this much money, so a number is not going to stop me from working.

“Money is happening along the way, but I’m working out of what I love to do, what I’m passinonate about,” she added.

 

Deborah/Sammie