Fenty Beauty propels Rihanna onto Britain's rich list

By Sarah Parsons 13-May-2020

The pop star has overtaken UK musicians who found their fame in the 1960s and 70s

Rihanna's beauty brand has propelled her onto the Sunday Times Rich List.

The Barbadian pop star made her debut on the exclusive round-up of Britain's wealthiest residents this week, with an estimated fortune of £368m.

Rihanna's wealth is considered to be a result of the success of her cosmetics brand Fenty Beauty, which launched in 2017, in partnership with LVMH.

Fenty Beauty is currently valued at US$3bn and the singer has a reported 15% stake in the business – making her shares worth $433m (£351.6m).

Rihanna, who lives in London, is now the third richest musician in the country, behind Andrew Lloyd Webber and Paul McCartney, who are joint first with fortunes of £800m a piece.

The beauty entrepreneur has overtaken British musicians Sir Elton John and Sir Mick Jagger.

She is also the only female singer in the top 10, as author Olivia Harrison – in sixth place – inherited her fortune from late husband Beatles member George Harrison.

In April, Rihanna confirmed that her colour cosmetics empire will expand into skin care.

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'Fenty Skin' was first trademarked in March 2019, but was not confirmed as a brand extension until this year.