Forbes names Rihanna world’s richest female musician
Forbes magazine has named the popular music star, Robyn Fenty, aka Rihanna, the world’s richest female musician.
Rihanna, the magazine said, has reached a billionaire status with an estimated net worth of $1.7 billion.
Rihanna, 33, launched Fenty Beauty in 2017 with a dream to create a cosmetics company that made “women everywhere [feel] included.”
In its first year, the company of which she owns 50 per cent stocks achieved sales of $550m, far more than other celebrity-endorsed makeup ranges.
Forbes magazine estimates that the company is now worth “a conservative $2.8bn.”
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