Rihanna was named the richest female musician in the world by Forbes last year, and now the popstar’s financial prowess continues. The Barbadian entrepreneur has landed on The Sunday Times of London’s Rich List for 2020, fueled in large part by her just one-year-old FENTY partnership with LVMH.
Rihanna’s wealth is estimated at £468 million GBP (approximately $571 million USD) according to The Sunday Times, which estimates the FENTY brand to be worth $3 billion USD. The publication expects that as a minority stakeholder, Rihanna owns about 15 percent of the label or a share that’s worth approximately $351.6 million USD. Elsewhere, her other ventures including her storied music discography, her Savage x Fenty lingerie range and her Fenty beauty makeup line attribute to her growing wealth.
While the singer has earned her way onto this year’s prominent list, it’s a different story for some of the region’s historical power players. In fact, the combined wealth of the 1,000 richest individuals and families dropped for the first time since the financial crisis of 2009, according to The Sunday Times, driven largely by the financial impact of the coronavirus.
While LVMH CEO Bernard Arnault did not individually make the list, he and his family nabbed the number five spot on another one of the publication’s annual rankings (focused specifically on the top ten richest families and individuals in the world) with an estimated wealth of £59.4 billion GBP (approx. $72.4 billion USD). Number one on the list are the Walton family, who own retail giants Walmart and Asda, with a wealth of £160.5 billion GBP (approx. $195.7 USD).
As for the sole wealthiest person on the Rich List 2020, inventor Sir James Dyson lands at the top, raking in £16.2 billion GBP (approx. $19.8 GBP).
In other news for Rihanna, the artist was recently honored with the President’s Award at 51st Annual NAACP Image Awards.