The 32-year-old singer Rihanna has enters into the Sunday Times Rich List of musicians at number three, with an estimated wealth of £468 million (pounds) (Rs 43,19,35,93,741).
Her wealth has been raised by the success of her Fenty cosmetics brand and other partnerships such as her lingerie line, as well as album sales from her eight albums.
Their cosmetics brand, launched in 2017, is valued at $3 billion – which means Rihanna’s 15 per cent stake in the company is worth £351.6 million.
While the Rihanna is best known for her eight albums and extensive catalogue of chart hits, the vast majority of her wealth stems from her partnership with LVMH – the French luxury goods brand.
Rihanna, real name Robyn Fenty, also has her lingerie range Savage X Fenty, as well as her acting career, to account for her extraordinary fortune.
Rihanna is one of only two women to fill the top 10 in the list – the other being Olivia Harrison, the wife of late Beatles star George Harrison, worth £270 million.
Paul McCartney and Andrew Lloyd Webber remain the two richest British or British-based musicians – both are estimated at £800m.
But Rihanna is a new listing at number three on the list, which is a precursor to the annual rich list that reaches out on Sunday.
It’s also been a hugely successful year for both Elton John and Ed Sheeran, who both added an extra £40 million to their wealth gratitude to their respective tours.
Ed Sheeran, 29, remains the wealthiest young musician (under 30) with his huge, multi-date sellout tours assisting him in amassing a £200m fortune. 10th position of Ed Sheeran at the Sunday Times UK music rich list
However, Watts warned that these huge earnings might plateau for 2021 due to the coronavirus crisis.
“Touring endures the big earner for many of the stadium-filling acts on our musicians’ list,” Watts stated. “But the COVID outbreak has wrecked concert plans, and so we expect the wealth of many of these musicians will flatline over the coming year.”
The rest of the Sunday Times rich list, which details the wealth of the 1,000 wealthiest people in Britain and is in its 32nd year, is released this Sunday.