PHOENIX- Rihanna has officially been named the world’s richest female musician. Rihanna’s fortune is estimated to be about $600 million, according to Forbes.
She has surpassed other female artists including Mariah Carey, Celine Deon, Beyonce and Madonna.
Rihanna is wildly known for her music, but she makes most of her money from her cosmetic line, Fenty Beauty. According to Forbes, the beauty brand made $100 million in sale just in the first few weeks after the launch.
“Designing a line like this with LVMH is an incredibly special moment for us,” Rihanna, 31, said in a NYTimes statement. “Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn’t imagine a better partner both creatively and business-wise, and I’m ready for the world to see what we have built together.”
With her brand skyrocketing, it was only natural for her to continue with the growth. Rihanna announced a new clothing line that will transform her original Puma line into a “fashion house“.
Whether the star is modeling her new line or recording a new hit song, the competition has begun and it doesn’t look like Rihanna plans to slow down anytime soon.