Rihanna: World’s wealthiest female
(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. 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.
Rihanna and LVMH Chairman Bernard Arnault attend the Fenty launch on May 22, 2019 in Paris. 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. While LVMH owns about half of that, Forbes estimates Rihanna’s stake at around 15% — though this could not be confirmed.CNN has contacted Rihanna’s representatives for comment
Rihanna attends the Fenty Beauty by Rihanna Anniversary Event in Sydney on October 3, 2018.The clothing collection is her first venture into the luxury fashion market, although she has already created collections for British fashion retailer River Island, and was made creative director of Puma in 2014.Rihanna’s other ventures have been widely celebrated for their inclusivity. Her cosmetics line debuted with 40 foundation shades, while her lingerie line has been applauded for catering to a range of skin tones and body types. Her fashion line, meanwhile, caters for women up to a size US 14. In a statement released last month, Rihanna said: “Women are forces of this earth. We are multifaceted, complex, vulnerable yet bulletproof, and Fenty speaks to all of our intricacies.” During the interview, Rihanna revealed just how far she has come from her humble upbringing on the Caribbean island to where she is today.She said: “You know, when I was younger, I couldn’t afford everything, but a pair of Timberlands: That was my Dior. And I had to save my money for a whole school year to get those Timberlands that I wanted, and I did it.” It’s that background that also informs her business acumen. So will she slow down now or is the plan to continue to work, work, work, work, work, work?She told the magazine: “I never thought I’d make this much money, so a number is not going to stop me from working. I’m not being driven by money right now. Money is happening along the way, but I’m working out of what I love to do, what I’m passionate about.