Barbados-born Rihanna, who moved to London last year, has sailed past the likes of Mick Jagger and Elton John to be ranked among the richest U.K.-based musicians.
The resounding success of the star’s Fenty cosmetics brand and her Savage X Fenty lingerie line as well as the record sales from her eight albums have lifted her estimated assets to about £468 million.
Rihanna’s 15% stake valued at £351 million in the £2.45 billion-worth French luxury goods brand LVMH, contributes substantially to her net worth.
Despite an estimated £20 million impact on his wealth due to the closure of the West End and Broadway, Andrew Lloyd Webber, with a net worth of £800 million, remains at the top of the list of richest U.K.-based based musicians. With assets worth £800 million, Sir Paul McCartney shares the top spot with Lloyd Webber.
Robert Watts, who compiled the Sunday Times Rich List, said Rihanna’s inclusion typifies the “seismic change” that has taken place at the top of the list in recent years, as those with inherited wealth are usurped by younger self-made stars.
“If you look through the yellowing pages of the first list in 1989, it looks like a rogues’ gallery of middle-aged and elderly white men.
It was earls, dukes and figures from manufacturing and finance,” he said. “Now money is being made in different ways, and by all sorts of different people – like Rihanna.”
Top 10 on the richest musicians list:
1= Lord Lloyd-Webber (£800m, down £20m)
1= Sir Paul McCartney (£800m, up £50m)
3 Rihanna (£468m, new)
4 Sir Elton John (£360m, up £40m)
5 Sir Mick Jagger (£285m, up £10m)
6= Olivia and Dhani Harrison (£270m, up £20m)
6= Keith Richards (£270m, up £10m)
8 Sir Ringo Starr (£260m, up £20m)
9 Michael Flatley (£206m, up £2m)
10= Ed Sheeran (£200m, up £40m)
10= Sir Rod Stewart (£200m, up £10m)
10= Sting (£200m, no change)
Source: Read Full Article