She’s got eight studio albums (and a ninth on the way), a cosmetics line, and a luxury fashion brand. Now, Robyn Rihanna Fenty has also has the title of richest female musician in the world.
Overtaking pop heavyweights like Madonna and Céline Dion, according to Forbes, she now has an impressive $600 million fortune.
For comparison, she’s exceeded the wealth of Beyoncé by $200 million, Dion by $150 million, and Madonna by $30 million.
Sure, she’s had some major hits – most notably Umbrella, Only Girl (In the World), Diamonds, and We Found Love. Her music, however, is not the sole source of her income – nor is it even the biggest.
Forbes explains that the majority of her financial gains have come from her partnership with LVMH. And yes, that would be the same French luxury company that owns brands like Louis Vuitton, Givenchy, and Christian Dior.
Just last month she launched her Fenty fashion label under LVMH’s umbrella. And while it’s been a huge success, it’s not the only one of her major business ventures. She also launched a lingerie label last year – Savage X Fenty, and in 2017 she debuted cosmetics brand Fenty Beauty.
In its first 15 months, her incredibly inclusive makeup line reportedly raked in $570 million in revenue. Now, Forbes estimates that the brand is worth over $3 billion. Of course, LVMH likely owns around half of that. Still, Forbes estimates that the Barbadian singer likely has a 15% stake.
Though her new clothing collection is her first foray into the luxury market, she’s no stranger to fashion. She’s created collections for River Island and, in 2014, was also made Puma’s creative director.
Her lingerie line was very well received as well since it caters to many different body types and skin tones. And her Fenty Beauty line debuted with an incredible range of 40 shades of foundation.
“Women are forces of this earth,” Rihanna said in a statement last month. “We are multifaceted, complex, vulnerable yet bulletproof, and Fenty speaks to all of our intricacies.”
Obviously, she understands her audience.
It’s also clear Bad Gal Riri has come a long way since she grew up on the island of Barbados.
“You know, when I was younger, I couldn’t afford everything, but a pair of Timberlands: That was my Dior,” she told The New York Times’ Style Magazine. “And I had to save my money for a whole school year to get those Timberlands that I wanted, and I did it.”
The singer and fashion mogul explained that it’s this background that helps define her approach to business now, too.
She said it always keeps her asking the important questions, like, “how much is this gonna cost at retail?” And “how can we bring the price down without compromising on quality?”
Rihanna has no plans on slowing down either, since money, she says, isn’t the driving force behind her hard work.
“I never thought I’d make this much money, so a number is not going to stop me from working,” she explained. “Money is happening along the way, but I’m working out of what I love to do, what I’m passionate about. Work will change when my life changes in the future but an amount of money is not going to stop that.”
With the success of her luxury fashion line and a ninth album on the way, we can see she’s definitely on a roll.