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

Hasan Minhaj On Breaking Convention In Comedy World

Hasan Minhaj On Breaking Convention In Comedy World
Los Angeles-based Indian American Hasan Minhaj of "Homecoming King" and "The Daily Show" fame, realised in good time that breaking convention and changing the comedy scene "fundamentally" was the key to make his presence felt.

Hasan Minhaj On Breaking Convention In Comedy World

Tom Cruise Ready To Leave Scientology For Daughter

Tom Cruise Ready To Leave Scientology For Daughter
Actor Tom Cruise is reportedly ready to leave Scientology as he has not been able to meet his daughter Suri for five years due to the Church of Scientology's strict rules.

Tom Cruise Ready To Leave Scientology For Daughter

Kim Kardashian West Wants Another Baby

Reality TV star Kim Kardashian West is already thinking about another baby.

Kim Kardashian West Wants Another Baby

Tinky-Winky Actor Simon Shelton Barnes No More

Tinky-Winky Actor Simon Shelton Barnes No More
British actor Simon Shelton Barnes, best known for voicing Tinky-Winky in the popular BBC children's show Teletubbies, died on January 17. He was 52 years old.

Tinky-Winky Actor Simon Shelton Barnes No More

Ali Fazal Proud Of Oscar Nominations For 'Victoria & Abdul'

Ali Fazal Proud Of Oscar Nominations For 'Victoria & Abdul'
Actor Ali Fazal, who features with Hollywood Judi Dench in "Victoria & Abdul", says he is proud that the movie has landed two Oscar nominations in two departments.

Ali Fazal Proud Of Oscar Nominations For 'Victoria & Abdul'

Proud to be part of this gem 'The Big Sick': Anupam Kher

Proud to be part of this gem 'The Big Sick': Anupam Kher
Veteran actor Anupam Kher, whose film "The Big Sick" has been nominated for the Best Original Screenplay at the 90th Academy Awards, says he is proud to be a part of this gem of a film.

Proud to be part of this gem 'The Big Sick': Anupam Kher