Although this year is only 30 years old, but Rihanna has proved one thing: in addition to being a singer, she is also a talented businessman. According to Forbes magazine’s ranking, just announced on June 4, 2019, Rihanna has usurped pop queen Madonna to take the title of richest female singer in the world.

Rihanna introduced Fenty with the support of French group LVMH. REUTERS/Charles Platiau 

According to estimates by Forbes magazine, Rihanna’s fortune is up to about 600 million US dollars, and thus surpassing the senior vocalists Madonna (570 million), Céline Dion (450 million) or Beyoncé (400 million). However, in this field, the artist couple Beyoncé and Jay-Z are really the richest couple in the entertainment industry. Indeed, Jay-Z has also just become the first billionaire rapper, mainly thanks to his ability to open a company that sells many other products, not just a record business.

In the case of Robyn Rihanna Fenty, at the age of 31, she became the richest female vocalist in the world, due to knowing how to exploit her prestige and name as a brand. If before, most of Rihanna’s fortune came from music activities, now besides selling records and earning millions of tours, she also sets sales records, thanks to the fashion business’ ‘underwear’ (underwear brand Savage X), as well as Fenty Beauty cosmetics. With the backing of the French conglomerate LVMH, Rihanna naturally becomes the first woman of color to run a high-fashion line.

Previously, Rihanna has collaborated with many big fashion brands such as Armani, Dior (LVMH), Puma REUTERS/Brendan McDermid.

Since her debut in the international music scene in 2003, the singer from the island nation of Barbados has made many spectacular breakthroughs. Her cosmetic brand ”Fenty Beauty”, mainly a makeup product line, was established in 2017. Previously, Rihanna has collaborated with many major fashion brands such as Armani, Puma, Dior ( also belongs to LVMH)…

Since Fenty Beauty has been included in the global distribution network of the LVMH group, especially in the Sephora cosmetics chain (which has been merged with the LVMH group since 1997), the cosmetics line of the company. Rihanna has never seen a bumper crop. After just over 15 months of operation, Fenty Beauty set a sales record, totaling $570 million in 2018.

Rihanna now takes the ‘giant’ leap when she signs an expanded partnership with French group LVMH (Moët Hennessy Louis Vuitton) to create a high-fashion line for the Fenty brand, the company now opens a boutique in Paris and deals mainly in clothing, shoes, jewelry and fashion accessories. Rihanna becomes the first woman to have her own fashion line released by Louis Vuitton. Her new brand has been active since the end of May (May 29, 2019).

In addition to this new adventure in fashion, Rihanna has hinted at the release of a new album mostly reggae music as early as the end of 2019. Rihanna belongs to the international diva, one of the best vocals. currently the most popular, with more than 250 million records sold worldwide. She has won 9 Grammy Awards, 13 American Music Awards, 12 Billboard Music Awards and holds 6 Guinness Records. Since 2016, after releasing her 8th studio album (titled Anti), Rihanna has temporarily put her singing career on hold to focus on business.

The Fenty brand mainly deals in clothing, footwear, jewelry and fashion accessories. Reuters/Charles Platiau

For an extremely dynamic international vocalist: since her debut until now, she has released 65 singles including many collaboration projects. However, in recent years, Rihanna’s income has mainly come from the fashion and cosmetics industry. She focused on her brand business, without releasing any new songs. That has made loyal fans feel disappointed.

Even the most recent album released in 2016 (Anti) has not been as popular as previous albums partly because Rihanna is so busy with other things that she seems to be neglecting to promote the album. Whether Rihanna’s new (9th) album will soon be released later this year as she has promised, as many believe that the earliest reggae album is likely to be released next year. Winners and losers, fashion fans are more satisfied, music lovers are more likely to be disappointed.