Forbes Magazine has once again come up with its list of the richest in the world. Pop star Rihanna is officially the richest female musician in the world with an estimated net worth of 1.7 billion dollars. But her music is not the primary source of her wealth, Forbes magazine said on Wednesday.
The magazine reports that the Barbados-born singer, whose real name is Robyn Fenty, derives an estimated 1.4 billion dollars of her fortune from her 50% stake in the Fenty Beauty cosmetics line.
Another source of her wealth is her share of the Savage x Fenty lingerie company and her income as a singer and actress.
Rihanna’s beauty company, of which LVMH (LVMH.PA) owns the other half, is known for its broad range of 50 skin tones, including dark shades for women of colour, which were rare when it launched in 2017. This made it a leader in inclusivity in the industry. The singer of “Umbrella” and “Love the Way You Lie” ranks second behind Oprah as the richest female entertainer, Forbes said.
(With inputs from agencies)