Rihanna is the world richest female musician with £471m fortune

According to Forbes’ annual Rich List, Rihanna is the richest female musician in the world with an estimated fortune of $600, ( £471m) with the majority of that coming from her Fenty Beauty range. She’s overtaken Madonna and Beyonce, who previously topped the list. The 31- year-old has been putting her efforts into her beauty, lingerie and clothing ranges.

Robyn Rihanna Fenty launched Fenty Beauty in September 2017, and it’s estimated it racked up sales of $100 ( £&8m) in its first few weeks. Forbes estimates that the company generated $570m (£448m) last year.

The global entire beauty industry is over £400bn and the UK market was valued at £15bn. Rihanna’s very connected to her fans through social media as she’s always updating them on the newest products and things like new product launch dates. Rihanna also has a lingerie line and made history by becoming the first woman to have a clothing range with French company Moet Hennessy Louis Vuitton (LVMH).

Several people buying her products are not people who were buying her music, as she has been around 15 years  the age group of 16-19  are her new customers who wouldn’t have been around when she started making music. Uniquely she caters for darker skin tones and also caters for the paler people the other end of the spectrum.