Rihanna has made her debut appearance on The Sunday Times Rich List, with an estimated fortune of £468 million. The Bajan pop star, who now resides in London, overtakes Sirs Elton John and Mick Jagger to claim third place on the list of Britain’s richest musicians.
Rihanna’s earnings are largely due to the Fenty Beauty cosmetics brand, where her reported 15% stake is worth £351m. “She somewhat caught us by surprise,” says Robert Watts, who compiles The Sunday Times’ annual list. “Very few people knew she was living in the UK until last summer. Now she’s well placed to be the first musician to reach billionaire status in the UK,” he tells the BBC.
Although Rihanna made her name in music, she hasn’t released an album since 2016’s Anti, instead concentrating on her fashion empire. Fenty Beauty launched in September 2017, and was designed to cater to a wider range of skin types and tones than typical cosmetic brands.
Thanks to the star’s endorsement, and her 82 million Instagram followers, it was an immediate success, racking up sales of £78m in its first few weeks. The company is now valued at $3bn (£2.4bn).
Rihanna also has a lingerie line, Savage X Fenty, and continues to receive royalties from hit songs like SOS, Umbrella and Only Girl In The World.
Her £468m fortune makes her the richest female musician not just in the UK, but the world – ahead of Madonna (£462m), Celine Dion (£365m) and Beyoncé (£325m).