While the official release of the Sunday Times Rich List is scheduled for the upcoming weekend, a striking revelation has already emerged—Rihanna has skyrocketed into the exclusive league of the UK’s wealthiest residents, securing an impressive third position. What sets her apart is not merely her illustrious music career, but her thriving business ventures, particularly the launch of Fenty Beauty, which have propelled her to this elite status.
Despite a hiatus from music for four years, the global superstar has amassed a staggering £351.6 million in earnings over the past year, driven by her diverse portfolio of business interests. Having made London her home since 2018, Rihanna meets the criteria for inclusion on this prestigious list. The Times, a sister publication of the Sunday Times, recently reported that she is poised to become the UK’s first billionaire musician, with her current estimated wealth standing at £468 million.
Rihanna unveiled Fenty Beauty in 2017 with the backing of the LVMH-owned beauty incubator Kendo. In addition to its remarkable makeup offerings, Fenty Beauty is set to make a significant foray into skincare with the highly anticipated launch of Fenty Skin.
However, her expanding beauty empire is just one facet of her non-music endeavors. Rihanna has achieved success in the realms of ready-to-wear fashion and accessories through her partnership with LVMH. Furthermore, her Savage x Fenty lingerie brand secured substantial funding of $50 million last summer, with notable investors such as Jay-Z’s venture firm, Marcy Venture Partners, and growth-equity firm Avenir Growth Capital.
In parallel news, Dua Lipa has claimed the 11th position in the list of Top 20 Young Music Millionaires. Renowned for her strong connections to the fashion and beauty industries, she has played a prominent role in campaigns for YSL Beauty and holds the esteemed title of global brand ambassador for Pepe Jeans.