RadioOnFire.com – Business is definitely booming over at Roc Nation. A day after JAY-Z was officially crowned hip-hop’s first billionaire, we now learn that Rihanna is the wealthiest female musician in the world!
According to Forbes Rihanna has surpassed the likes of Madonna ($570 million), Celine Dion ($450 million), and Beyoncé ($400 million) with her own $600 million fortune. Most of which is attributed to her partnership with LVMH, the French luxury goods company run by billionaire Bernard Arnault.
Rihanna and LVMH co-own the makeup brand Fenty Beauty which launched back in 2017 and reportedly earned hundreds of millions of sales during it’s first few weeks, making it a viral success that was driven by her 71 million followers on Instagram.
Overall, Fenty Beauty generated an estimated $570 million in revenue last year after only 15 months in operation, while today the company is conservatively worth more than $3 billion. Though Forbes estimates that the Barbados native owns 15% of the company, she also has earned millions through her music and touring which makes up the rest of her fortune.