Forbes - Rihanna now the richest female musician in the world

Robyn Rihanna Fenty is now the wealthiest female musician in the world according to Forbes.

Rihanna, 31, has amassed a $600 million fortune after launching wildly popular businesses in makeup and lingerie, according to Forbes.

Forbes magazine revealed the 31-year-old R&B/Pop icon from Barbados has an estimated fortune of $600 million which puts Rihanna's net worth ahead of Madonna ($570 million), Céline Dion ($450 million), and Beyoncé ($400 million).

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While Rihanna became a global superstar because of #1 hits such as "Umbrella," "Rude Boy," "We Found Love," and "Work," it's her reported 15% ownership in Fenty Beauty cosmetics that plays the biggest part in the entertainer being $400 million away from billionaire status.

The singer's Fenty Beauty makeup line launched in 2017 at Sephora and reportedly made $100 million in sales in its first few weeks, in part due to its focus on diversity.

The Barbadian singer would be the first woman of color to head up a line with the company, which owns the famous Louis Vuitton brand.

Fenty Beauty is worth approximately $3 billion. Rihanna also co-owns the Savage X Fenty lingerie line. Additionally, the 9-time Grammy winner recently announced a new fashion brand with LVMH, the company that owns around 50% of Fenty Beauty.