Close X
Saturday, November 23, 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

I Couldn't Be More Proud: Priyanka To Jonas Brothers

Actress Priyanka Chopra Jonas has given a shout out to her husband Nick Jonas and her brother-in laws Kevin and Joe Jonas, saying that she couldn't be more proud of them.    

I Couldn't Be More Proud: Priyanka To Jonas Brothers

Amber Heard's Bisexual Struggle

Amber Heard's Bisexual Struggle
Actress Amber Heard says it was hard to come out as bisexual to her parents as they couldn't process it.

Amber Heard's Bisexual Struggle

Gerard Butler Becomes Victim Of Real-Life Crime

Gerard Butler Becomes Victim Of Real-Life Crime
Actor Gerard Butler has been the victim of a real-life crime as his $11,000 airstream trailer was stolen from a parking lot ahead of a planned restoration project.

Gerard Butler Becomes Victim Of Real-Life Crime

Idris Elba To Replace Will Smith In 'Suicide Squad' Sequel

Actor Idris Elba is in talks to replace Will Smith in the "Suicide Squad" sequel.

Idris Elba To Replace Will Smith In 'Suicide Squad' Sequel

Miley Cyrus Confesses To Sharing First Kiss With Girl

Miley Cyrus Confesses To Sharing First Kiss With Girl
Singer-actress Miley Cyrus, who is married to actor Liam Hemsworth, says her first kiss was with a girl.    

Miley Cyrus Confesses To Sharing First Kiss With Girl

Kendall, Kylie Jenner Excited To Have Handbag Line In India

Reality TV stars and models Kendall and Kylie Jenner are happy to have introduced their handbag line in India.    

Kendall, Kylie Jenner Excited To Have Handbag Line In India