NEWS

Rihanna is worth $600 Million passing Beyonce who is only worth $400 Million

POSTED ON:
Jun 05 2019
 

Beyonce may have the “BeyHive” of crazy loyal fans over Rihanna, but she does not have the bank Rihanna got! Forbes has just reported that Rihanna is the wealthiest female musician in the world. Rihanna has just crossed $600 Million passing the likes of

Business is definitely booming at Roc Nation, as only a day after JAY-Z was officially crowned as hip-hop’s very first billionaire, it’s now been announced that Rihanna is the wealthiest female musician in the world. Madonna ($570 million), Celine Dion ($450 million), and Beyoncé ($400 million) with her own $600 million fortune, most of which is attributed to her partnership with LVMH, the French luxury goods company run by billionaire Bernard Arnault.

Rihanna and LVMH co-own the makeup brand Fenty Beauty which launched back in 2017 and reportedly earned hundreds of millions of sales during it’s first few weeks, making it a viral success that was driven by her 71 million followers on Instagram.

Overall, Fenty Beauty generated an estimated $570 million in revenue last year after only 15 months in operation, while today the company is conservatively worth more than $3 billion. Though Forbes estimates that the Barbados native owns 15% of the company, she also has earned millions through her music and touring which makes up the rest of her fortune.

This news is very surprising a lot of people would think Beyonce was worth more than Rihanna, but that is not true. Congrats to Rihanna and her team for this awesome title.

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