(CNN) – Rihanna has emerged as the richest female musician in the world, with a fortune considerably larger than those of the grande dames of pop: Madonna, Céline Dion and Beyoncé.
The 31-year-old, whose real name is Robyn Rihanna Fenty, is worth a staggering $600 million, according to Forbes — overtaking Madonna by $30 million, Dion by $150 million and Beyoncé by $200 million.
While Rihanna is best known for hits such as “Umbrella,” “Diamonds” and “What’s My Name?,” her music is not the only source of her wealth.
In fact, according to Forbes, the majority of her income comes from her partnership with LVMH, the French luxury goods company that owns the likes of Christian Dior, Givenchy and Louis Vuitton.
Last month, the Barbadian star launched her fashion label Fenty at a pop-up boutique in Paris, becoming the first black woman to create an original brand with LVMH.
Fenty is just the latest of Rihanna’s business ventures, joining her lingerie label Savage X Fenty, which she launched last year, and her cosmetics brand, Fenty Beauty, set up in 2017.
The cosmetics firm generated an estimated $570 million in revenue in its first 15 months, according to Forbes, while the business magazine estimates that the operation is worth, conservatively, more than $3 billion.
With the recent reports of RiRi renting off the entire Osea Island in Essex, London, this comes as no surprise as she has the dimes to back it up. The Osea Island is owned by British music producer Nigel Frieda which according to reports costs £20,000 (UGX 95,839,669) a day.
Author: Allan Bangirana
Allan Bangirana is a freelance writer for Newslibre & Spur Magazine. He is passionate about tech, games and occasionally writes about entertainment, lifestyle and so much more.