Rihanna, Beyonce or Madonna? Forbes names world's richest female musician
5 June 2019, 08:45 | Updated: 5 June 2019, 10:31
Rihanna is the richest female musician in the world, according to Forbes.
The Barbados-born singer has accumulated a fortune of about $600m (£472m), most of which comes from her fashion and makeup businesses.
Forbes said Rihanna's wealth exceeds that of other artists such as Madonna, worth about £448m, Celine Dion, worth £350m, and Beyonce, worth £314m.
The 31-year-old's makeup brand, Fenty Beauty, was launched in 2017 and quickly became a viral success, reportedly making $100m (about £78m) in its first 40 days.
The brand is co-owned by LVMH, the French luxury goods giant which is also behind Givenchy, Dior and Louis Vuitton.
Rihanna, whose full name is Robyn Rihanna Fenty, recently revealed she had moved to London to be closer to the team working on her next collaboration with LVMH, a Fenty fashion line.
The Work singer is set to become the first woman to set up a fashion label with the group, as well as the first black woman to head up a LVMH fashion house.
She will also become the first person to set up a label with the group since Christian LaCroix in 1987.
In a post on Instagram, she thanked the billionaire CEO of LVMH, Bernard Arnault, writing: "Big day for the culture. Thank you Mr Arnault for believing in this little girl from the left side of an island, and for giving me the opportunity to grow with you at @LVMH."
As well as her career in music and cosmetics, Rihanna is also behind the Savage X Fenty lingerie line.
Speaking to The New York Times last month, the star said she was not motivated by money.
"Money is happening along the way, but I'm working out of what I love to do, what I'm passionate about," she said.
"Work will change when my life changes in the future but an amount of money is not going to stop that."
The pop singer has sold more than 250m records since moving to the US in 2005 and has twice been named by Time as one of the 100 most influential people in the world.
She has also starred in a number of films, including Ocean's 8, Battleship and This is the End.
Earlier this week, Forbes revealed rapper Jay Z - who signed Rihanna to his record label - as the first hip-hop artist to become a billionaire.
(c) Sky News 2019: Rihanna, Beyonce or Madonna? Forbes names world's richest female musician