Rihanna Is the World's Richest Female Musician, Thanks to Reported $600 Million Fortune

In addition to tapping into her massive social media presence, the singer has also taken great strides to be inclusive with the Fenty Beauty offerings, releasing 40 different shades of foundation in what one analyst told the magazine was a potential shock to the traditional beauty system. “It challenged the standard convention that you only needed a very defined set of shades to satisfy a market,” Jefferies research analyst Stephanie Wissink said. “Not only did [Fenty Beauty] achieve meaningful sales, but it potentially changed the industry permanently.” 

After just 15 months in business, Fenty Beauty has reportedly racked up $570 million in sales, with the business worth an estimated $3 billion for LVMH, which owns a reported 50% of the company to Rihanna's estimated 15%, a figure her team would not confirm. In addition to Fenty Beauty, Rihanna -- the first black woman to head up a major Parisian luxury house -- also co-owns the Savage X Fenty lingerie line with L.A.-based fashion firm TechStyle Fashion Group and has an upcoming clothing line with LVMH, Fenty, which will produce high-end clothes, shoes, accessories and jewelry; the latter, which launched online in May, will includes sizes up to 14, continuing the singer's push for inclusiveness evidenced in the Fenty Beauty product line.