Close X
Sunday, December 22, 2024
ADVT 
Hollywood

Rihanna named world's richest female musician by Forbes

Darpan News Desk IANS, 07 Jun, 2019 06:50 PM
  • Rihanna named world's richest female musician by Forbes

Singer Rihanna has been named as the "World's Richest Female Musician" by the Forbes magazine with an estimated fortune of $600 million with the bulk of that coming from her Fenty beauty range.

She's overtaken Madonna and Beyonce, who previously topped the list, the BBC reported.

You could be forgiven for forgetting Rihanna even makes music - her last studio album "Anti" came out in 2016.

However, the 31-year-old has been putting her efforts into her beauty, lingerie and clothing ranges.

Rihanna - real name Robyn Rihanna Fenty - launched Fenty Beauty in September 2017 and it's estimated it racked up sales of $100 million in its first few weeks. The Forbes estimates that the company generated $570 million last year.

Experts say Rihanna's invested her money wisely.

"Globally the entire beauty industry is worth $480 billion - in 2018 the UK market was valued at $17 billion," said Hannah Symons, Global Beauty Manager at Euromonitor International.

Hannah's job is to track the growth of the beauty industry - looking for trends.

"Rihanna's success clearly doesn't come off the back of the music although that's how she initially gained fame.

"It's all about her relevance and how she resonates with customers online. She's very connected to her fans through social media and she's always updating them on the newest products and things like launch dates," Hannah added.

As well as her beauty range, Rihanna also has a lingerie line and recently made history by becoming the first woman to have a clothing range with French company Moët Hennessy Louis Vuitton (LVMH).

Hannah thinks part of Rihanna's success is she's appealing to a very wide audience.

"A lot of the people buying her products are not people who were buying her music. Rihanna has been around for 15 years but the people buying her products are aged 16-19, so wouldn't have been around when she started making music.

"And it's not just because she caters for darker skin tones either, she also caters for people at the paler end of the spectrum. And it's this inclusive element that makes her stand out.

Hannah said she's also been wise partnering with a high street retailer, making her products more accessible.

 

MORE Hollywood ARTICLES

Priyanka Chopra proud of Jonas Brothers

Priyanka Chopra proud of Jonas Brothers
Priyanka took to Instagram to share some images with Nick

Priyanka Chopra proud of Jonas Brothers

Sophie Turner Was Nervous About 'X-Men Dark Phoenix'

Actress Sophie Turner says she was quite nervous to essay the role of Jean Grey in "X-Men Dark Phoenix".    

Sophie Turner Was Nervous About 'X-Men Dark Phoenix'

Ellen Degeneres Recounts Assault By Her Stepfather

Comedian-host Ellen DeGeneres has recalled being sexually assaulted by her mother's then-husband when she was a teen.    

Ellen Degeneres Recounts Assault By Her Stepfather

Akshay Kumar, Asha Bhosle Bond Over 'Chai'

Actor Akshay Kumar on Sunday met veteran singer Asha Bhosle and indulged in some "chai pe charcha" with her.    

Akshay Kumar, Asha Bhosle Bond Over 'Chai'

When I'M Gone, He's Gone: Harrison Ford On Indiana Jones

"This is a hell of a way to tell Chris Pine this. I'm sorry, man," the actor said with a laugh, jokingly mistaking Pratt for Chris Pine.

When I'M Gone, He's Gone: Harrison Ford On Indiana Jones

Chris Hemsworth Hopes To Take Legacy Of 'Men In Black' Forward

Actor Chris Hemsworth says he wants to continue the legacy of "Men In Black" with its reboot "Men in Black: International".

Chris Hemsworth Hopes To Take Legacy Of 'Men In Black' Forward

PrevNext