Close X
Monday, November 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

Jennifer Lawrence Climbs Over Chairs At Oscars

Jennifer Lawrence Climbs Over Chairs At Oscars
Actress Jennifer Lawrence was seen hitching up her sequinned dress to climb over rows of chairs to get to her seat at the 90th Academy Awards here -- and that too with a wine glass in hand.

Jennifer Lawrence Climbs Over Chairs At Oscars

Sridevi, Shashi Kapoor Remembered At Oscars 2018

Sridevi, Shashi Kapoor Remembered At Oscars 2018
The In Memoriam segment of the annual Academy Awards remembers artistes who died in the past one year.

Sridevi, Shashi Kapoor Remembered At Oscars 2018

I Never Had Affair With Chris Pratt: Jennifer Lawrence

Actress Jennifer Lawrence was widely blamed by fans for actor Chris Pratt's split from wife Anna Faris. But Lawrence says she was never in a relationship with her "Passengers" co-star.

I Never Had Affair With Chris Pratt: Jennifer Lawrence

'Black Panther' Will Inspire People Of All Backgrounds: Michelle Obama

'Black Panther' Will Inspire People Of All Backgrounds: Michelle Obama
Former first lady of the US Michelle Obama believes the film "Black Panther" will be an inspiration to individuals from all backgrounds, and the youth will see superheroes that look like them.

'Black Panther' Will Inspire People Of All Backgrounds: Michelle Obama

Sylvester Stallone, Brother Denounce Death Hoax

Popular Hollywood star Sylvester Stallone on Monday slammed social media reports of his death while his younger brother Frank termed those spreading the hoax as "mentally deranged".

Sylvester Stallone, Brother Denounce Death Hoax

More Details On Prince Harry And Meghan Markle's Marriage Revealed Via FB Post

More Details On Prince Harry And Meghan Markle's Marriage Revealed Via FB Post
The wedding will be followed by a procession, which is slated to be at 1 pm. In the procession the newlyweds will ride through the town in a horse-drawn carriage to greet their many well-wishers.

More Details On Prince Harry And Meghan Markle's Marriage Revealed Via FB Post