Rihanna named world’s richest female musician with $600 mn wealth

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Rihanna has been named the world’s richest female musician by Forbes magazine with an estimated wealth of $600 million. Majority of her wealth comes from her partnership with LVMH, the French luxury goods giant run by the world’s third-richest person Bernard Arnault. Forbes estimates that Rihanna owns 15% of the $3-billion Fenty Beauty line while LVMH has about 50%.