E very Year Forbs magazine ranks the wealthiest people in the world , This time a t just 31 years old, Rihanna was officially ranked...
Every Year Forbs magazine ranks the
wealthiest people in the world , This time at just 31 years old, Rihanna was officially ranked the richest
female musician on Earth.
Forbes magazine
estimates the musician’s fortune at $600m, a figure bolstered by her lucrative
fashion and beauty ventures, That's according to a profile on Tuesday (June 4) in Forbes, putting RiRi north of such fellow music
superstars as Madonna ($570 million), Celine Dion ($450 million) and Beyoncé
($400 million).
In May 2019, French luxury brand
LVMH confirmed it would launch Rihanna’s
fashion company, Fenty, making her the first woman of colour to lead
an LVMH fashion house. “I want to be as disruptive as possible,” she told the New York Times of
the venture. “The brand is not traditional.”
LVMH also backs Rihanna’s
lucrative cosmetics company, Fenty Beauty, which
launched in 2017 and is worth more than £3bn, from which Rihanna has earned
$570m, Forbes reports.
Boots recently acquired UK distribution rights for the brand. She also designs
an inclusive lingerie line, Savage x Fenty, in partnership with TechStyle
Fashion Group.
In May, Rihanna told
the New York Times that she wasn’t driven by money but by her work. “The money
means that I can take care of my family. 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.”
In
2012, Rihanna founded the Clara Lionel
Foundation, which supports health and education efforts in impoverished
communities around the world. In February 2017, she was named humanitarian of
the year by Harvard University.
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