Rihanna declared world’s richest female musician

Singer, makeup entrepreneur, lingerie designer and now the first black woman to head a top luxury fashion house —  Rihanna has racked up a US$600 million fortune to become the world’s richest female musician, Forbes said Tuesday.

The 31-year-old — born Robyn Rihanna Fenty in Barbados — has amassed wealth exceeding that of Madonna (US$570 million), Celine Dion (US$450 million) and Beyonce (US$400 million), whose husband Jay-Z was just named the world’s first billionaire rap star.

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

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

The line found success not least thanks to Rihanna’s fame both on and offline, with some US$570 million in revenue last year after just 15 months of business.

She makes the majority of her money from touring and musical releases, according to Forbes, but 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.

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