LOS ANGELES (AFP) – Singer and businesswoman Rihanna is worth a whopping USD1.7 billion, Forbes said on Wednesday, making her one of the richest woman musicians on the planet.
The R&B songstress parlayed success in the singles charts into a huge make-up and fashion empire, with earnings that now dwarf those of other music megastars like Madonna and Beyonce.
The Barbados-born Robyn Rihanna Fenty exploded onto the scene in 2005, and logged global hits like We Found Love and Umbrella, a collaboration with Jay-Z.
But while downloads and tour tickets have contributed to her wealth, it is her business know-how that has rocketed her into the ranks of the uber-wealthy.
Forbes, which regularly compiles lists of the world’s richest people, said on Wednesday it estimated around USD1.4 billion of her nest egg comes from the value of cosmetics company Fenty Beauty, a partnership with French fashion giant LVMH.
Fenty Beauty, which launched in 2017 with the goal of promoting inclusivity, produces make-up to match dozens of different skin tones.
Rihanna’s lingerie company, Savage x Fenty, also contributes to her net worth, Forbes said, pegging the company at USD270 million.
Although she has not produced an album since 2016, Rihanna still holds sway over legions of fans, with over 100 million followers on Instagram and Twitter.