Rihanna named ‘richest female musical artist’ after building $600M Fenty makeup and fashion empire
The 31-year-old vocalist’s tops the list ahead of pop icon Madonna, who finished second with $570 million. Meanwhile, Céline Dion clocked in third with $450 million and Beyoncé rounded out the luxe list at $400 million.
Rich and beautiful: Rihanna, 31, has been named the richest female musical artist by Forbes with a $600 million net worth. She was snapped in Paris last month
While her musical earnings make up some of her worth, a massive chunk of her riches is derived from her work with the French luxury line LVMH, of which her Fenty Beauty by Rihanna line is a subsidiary.
The You Da One singer first put out her makeup line two years ago at Sephora, racking up sales eclipsing $100 million over the course of its first few weeks. The Grammy winner has also cashed in with her lingerie line, Savage X Fenty by Rihanna.
The Barbados-born beauty has said that her motivations in branching out her brand are artistically-driven, not commercially.
Bonanza: A massive chunk of RiRi’s riches is derived from her work with the French luxury line LVMH, of which her Fenty Beauty by Rihanna line is a subsidiary
‘Money is happening along the way, but I’m working out of what I love to do, what I’m passionate about,’ Rihanna told T, The New York Times Style Magazine in May.
‘Work will change when my life changes in the future but an amount of money is not going to stop that.’
The Umbrella singer said that finances didn’t drive her in her endeavors, as her bank account already eclipsed any expectations she previously had.
Popular: Rihanna’s Fenty Beauty line was launched at 32 Boots locations in the U.K. last month
‘I never thought I’d make this much money, so a number is not going to stop me from working,’ she told the publication, adding, ‘I’m not being driven by money right now.’
The Only Girl (In the World) songstress said she aims her fortune at helping others.
‘The money means that I can take care of my family,’ she said. ‘The money means that I can facilitate the businesses that I want to.
‘I can create jobs for other people. My money is not for me; it’s always the thought that I can help someone else or, in the future, for if I have kids.’