Rihanna Becomes The World's Richest Female Musician!

Via: Billboard
At just 31 years old, Rihanna is officially the richest female musician on Earth.
That's according to a profile in Forbes, which estimates the singer's massive war chest at around $600 million (AU$858 million), putting RiRi north of such fellow music superstars as Madonna ($570 million; AU$815 million), Celine Dion ($450 million; AU$643 million) and Beyoncé ($400 million; AU$572 million).

On the heels of the news that her early mentor Jay-Z has just become the first rap billionaire, the snapshot of Rihanna's rise to riches focuses not on her music sales or concert proceeds, but rather her savvy move into fashion and partnership with French luxury goods giant LVMH. Their collaboration on Fenty Beauty - which launched in September 2017 at LVMH-owned Sephora - was an out-of-the-box success, with the brand racking up a reported $100 million (AU$143 million) in sales in just its first few weeks.

In addition to tapping into her massive social media presence, the singer has also taken great strides to be inclusive with the Fenty Beauty offerings, releasing 40 different shades of foundation in what one analyst told the magazine was a potential shock to the traditional beauty system. “It challenged the standard convention that you only needed a very defined set of shades to satisfy a market,” Jefferies research analyst Stephanie Wissink said. “Not only did [Fenty Beauty] achieve meaningful sales, but it potentially changed the industry permanently.”

Posted By PSmooth