Singer Rihanna now worth Sh200 billion
Singer Rihanna has emerged as one of the richest women musicians in the world thanks to her reported $1.7 billion (about Sh200 billion) fortune.
The R&B singer’s rise in fortunes was revealed by Forbes, with these earnings now certain to dwarf other music megastars like Madonna and Beyonce.
The Barbados-born Robyn Rihanna Fenty exploded onto the scene in 2005, and logged global hits like “We Found Love” and “Umbrella”, a collaboration with Jay-Z.
But while downloads and tour tickets have contributed to her wealth, it is her business know-how that has rocketed her into the ranks of the uber-wealthy.
Forbes, which regularly compiles lists of the world’s richest people, said Wednesday it estimated around $1.4 billion of her nest egg comes from the value of cosmetics company Fenty Beauty, a partnership with French fashion giant LVMH.
Fenty Beauty, which launched in 2017 with the goal of promoting inclusivity, produces make-up to match dozens of different skin tones.
Rihanna’s lingerie company, Savage x Fenty, also contributes to her net worth, Forbes said, pegging the company at $270 million.
Although she has not produced an album since 2016, Rihanna still holds sway over legions of fans, with more than 100 million followers on Instagram and Twitter.