Close X
Saturday, November 30, 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

Nicole Kidman Wanted To Quit Hollywood

She is currently enjoying a career comeback, starring in the hit TV drama "Big Little Lies". But Oscar winning actress Nicole Kidman says she wanted to quit Hollywood nearly a decade ago.

Nicole Kidman Wanted To Quit Hollywood

Sofia Vergara wants Simon Cowell to join 'Modern Family'

Actress Sofia Vergara says she wants music mogul Simon Cowell to do a cameo in hit TV series "Modern Family".

Sofia Vergara wants Simon Cowell to join 'Modern Family'

'Hindi Medium' To Release In Parts Of South America, Africa

'Hindi Medium' To Release In Parts Of South America, Africa
Irrfan Khan-starrer "Hindi Medium" is set to release in parts of Asian markets, rest of Europe, parts of South America and some parts of Africa.

'Hindi Medium' To Release In Parts Of South America, Africa

Emma Watson Risked Wardrobe Malfunction In Low White Gown

Actress Emma Watson risked a wardrobe malfunction in a low white gown while attending the premier of her new movie "The Circle".

Emma Watson Risked Wardrobe Malfunction In Low White Gown

Wrong Of TV Channels To Show 'Jab Harry Met Sejal' Clip: Pahlaj Nihalani

Wrong Of TV Channels To Show 'Jab Harry Met Sejal' Clip: Pahlaj Nihalani
Central Board of Film Certification (CBFC) chairperson Pahlaj Nihalani is upset with media, especially television producers, for showing a clip of Shah Rukh Khan-starrer "Jab Harry Met Sejal" without proper certification and permission.

Wrong Of TV Channels To Show 'Jab Harry Met Sejal' Clip: Pahlaj Nihalani

Chef Kunal Kapur Launches Web Series With Tourism Australia

Chef Kunal Kapur Launches Web Series With Tourism Australia
Chef Kunal Kapur has launched "#TravelWithKunal", a seven-episode web series, capturing his food and wine experiences in Australia.

Chef Kunal Kapur Launches Web Series With Tourism Australia