Rihanna is Britain's third-richest musician

Singer Rihanna in a photo taken in February.
Singer Rihanna in a photo taken in February. PHOTO: REUTERS

LONDON • Singer Rihanna has stormed into the Sunday Times Rich List of musicians at No. 3, with an estimated wealth of £468 million (S$812 million), thanks partly to the success of her fashion and cosmetics brands with Louis Vuitton owner LVMH.

Barbados-born Rihanna, 32, based in London, leapfrogged some of Britain's most famous musicians, such as Mick Jagger and Keith Richards of The Rolling Stones, Elton John and Rod Stewart, into the list of the country's most wealthy.

Hit musical composer Andrew Lloyd Webber and former Beatle Paul McCartney jointly top the list with about £800 million each.

Known for her daring, colourful looks on the red carpet, Rihanna - who has eight hit albums - has become an increasingly influential force in the fashion world as well.

"Rihanna typifies the seismic change we've seen in the Rich List in recent years. Once dominated by inherited wealth, the bulk of our 1,000 entries are now self-made people with modest and even troubled starts in life who are driven to work exceptionally hard," said Mr Robert Watts, compiler of the list.

Ed Sheeran tops the ranks of Britain's richest young musicians (aged 30 or younger) with a fortune of £200 million.

"Touring remains the big earner for many of the stadium-filling acts on our musicians' list," Mr Watts said. "But the Covid-19 outbreak has wrecked concert plans and so we expect the wealth of many of these musicians will flatline over the coming year."

REUTERS

A version of this article appeared in the print edition of The Straits Times on May 15, 2020, with the headline 'Rihanna is Britain's third-richest musician'. Print Edition | Subscribe