Forbes names Rihanna the wealthiest female musician in the world with $600m

Barely 24-hours after Shawn "Jay-Z" Carter officially became Hip Hop's first billionaire, Forbes has named Robyn Rihanna Fenty as "The World’s Richest Female Musician."

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).

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. 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.