Rihanna hasn’t released a body of work in the past three years, focusing rather on her Fenty beauty line. However, no one ever believed that her bank account would suffer as a result of it. As it seems, all the work seems to have finally paid off.
Earlier this week, Forbes annual rich list named the songstress as the richest female musician in the world. Forbes estimates that Rihanna is worth about $600 million, with the bulk of this wealth coming from her Fenty beauty line.
Madonna and Celine Dion were second and third on the list. Both are reportdly worth $570 million and $445 million respectively.
It’s pretty easy to have forgotten that Rihanna even makes music. ANTI, her last album, was released in 2016. However, she’s been focused more on her business since then. Real name Robyn Rihanna Fenty, she launched her Fenty Beauty line back in September 2017. The line was a smash hit, earning an estimated $100 million in sales over its first few weeks.
Per the Forbes article, the company has made up to $570 million over the past year. That’s the power of RiRi.
Hannah Symons, a Global beauty Manager at Euromonitor International, said, “Rihanna’s success
clearly doesn’t come off the back of the music. It’s all about her relevance and how she resonates with customers online. She’s very connected to her fans through social media, and she’s always updating them on the newest products and things like launch dates.”
In addition to her beauty line, Rihanna also owns a lingerie collection. She recently launched her Fenty fashion label in Paris. This saw her become the first black woman to launch a clothing line with Moët Hennessy Louis Vuitton (LVMH).
Rihanna has been breaking grounds for years. This is definitely a significant one.
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