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

India Is One Of The Best Places On Earth: Chris Hemsworth

"Thor" star Chris Hemsworth is in awe of India, and says it is one of the best places on the planet.

India Is One Of The Best Places On Earth: Chris Hemsworth

Bieber Gets Flak For Liking Old Photo With Gomez

Bieber Gets Flak For Liking Old Photo With Gomez
Canadian pop singer Justin Bieber 'liked' a post on a fan page on social media which features a series of throwback images of the "Baby" hitmaker

Bieber Gets Flak For Liking Old Photo With Gomez

Bruce Willis' Island Estate Worth $33 Mn On Sale

Bruce Willis' Island Estate Worth $33 Mn On Sale
Actor Bruce Willis luxurious beachfront estate in Turks and Caicos has hit the market for a whopping $33 million.

Bruce Willis' Island Estate Worth $33 Mn On Sale

Kim Kardashian Anxious About Her Fourth Baby

Kim Kardashian Anxious About Her Fourth Baby
Reality TV star Kim Kardashian West is anxious about baby number four.

Kim Kardashian Anxious About Her Fourth Baby

Marvel Universe To Get Gay Superhero Soon

"Avengers: Endgame" co-director Joe Russo says the Marvel universe will introduce a LGBTQ superhero very soon.

Marvel Universe To Get Gay Superhero Soon

Lucky To Be Famous For Harry Potter, Says Daniel Radcliffe

Lucky To Be Famous For Harry Potter, Says Daniel Radcliffe
"Harry Potter" fame actor Daniel Radcliffe says he feels honoured to see himself a part of people's childhood.

Lucky To Be Famous For Harry Potter, Says Daniel Radcliffe