Thursday, April 25, 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

Brad Pitt Laughs Off Claims He's Dating Aniston

Brad Pitt Laughs Off Claims He's Dating Aniston
Hollywood star Brad Pitt has laughed off claims that he is dating his former wife Jennifer Aniston.

Brad Pitt Laughs Off Claims He's Dating Aniston

Ryan Reynolds Turned Into Detective Pikachu For Kids

Actor Ryan Reynolds says he did "Pokemon Detective Pikachu" for his children.

Ryan Reynolds Turned Into Detective Pikachu For Kids

Justin Bieber Working On YouTube Project Premiering Next Year

Justin Bieber Working On YouTube Project Premiering Next Year
Pop singer Justin Bieber has partnered with video streaming website YouTube for a "top secret" project which is set to debut next year.  

Justin Bieber Working On YouTube Project Premiering Next Year

'Avengers: Endgame' Mints Over Rs 250 Cr In First Week

"Avengers: Endgame", the final chapter from the "Avengers" franchise, has registered a business of over Rs. 250 crore at the Indian box office in the first week of its release.

'Avengers: Endgame' Mints Over Rs 250 Cr In First Week

Priyanka Chopra Kisses Nick Jonas In The Middle Of His Billboard Music Awards Performance

Actor Priyanka Chopra Jonas shared a kiss with her husband and pop singer Nick Jonas at the Billboard Awards 2019 here.    

Priyanka Chopra Kisses Nick Jonas In The Middle Of His Billboard Music Awards Performance

‘Game Of Thrones’ Star Sophie Turner And Singer Joe Jonas Tie The Knot In Surprise Wedding In Vegas

Singer Joe Jonas and ‘Game Of Thrones’ star Sophie Turner exchanged wedding vows at an impromptu ceremony here.    

‘Game Of Thrones’ Star Sophie Turner And Singer Joe Jonas Tie The Knot In Surprise Wedding In Vegas