Rihanna has been named as the world’s richest female musician after she debuted at No.3 in The Sunday Times‘ list of the wealthiest musicians.
Rihanna made her first appearance, debuting at number 3, ahead of British music luminaries like Elton John and Mick Jagger. Ahead of her were superstars Sir Paul McCartney and Andrew Lloyd Webber.
Only four women appeared in the top 30 of the UK Musicians Rich List, with George Harrison’s widow Olivia placing 6th with her son Dhani, and Adele listed at no. 22 alongside Sharon and Ozzy Osbourne.
Rihanna, a one time teenage sensation who topped the charts with hits like Umbrella and We found Love, has accumulated her wealth over the past decade as she branched out into various business endeavours.
Investments in Fenty Beauty, lingerie line Savage X Fenty and fashion line Fenty have been paying off for the Barbadian singer who moved to London last year.
With her pull, due largely to her music and charisma, she has also scored huge success with Fenty Beauty, which she owns 15% of, now valued at $3 billion.
She also has a 15% stake in the French luxury company LVMH – which is worth £351.6m.
The singer founded the Clara Lionel Foundation in 2012 which is helping to fund initiatives for victims of domestic abuse during the coronavirus lockdowns.
Robert Watts, the compiler of The Sunday Times Rich List, is quoted saying;
“Rihanna typifies the seismic change we’ve seen in the Rich List in recent years. Once dominated by inherited wealth, the bulk of our 1,000 entries are now self-made people with modest and even troubled starts in life who are driven to work exceptionally hard.”