Rihanna is now the world’s richest female musician

Rihanna has become the world’s wealthiest female musician, with a fortune of $1.7 billion.

The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated $US1.4 billion of her fortune from her 50 per cent stake in the Fenty Beauty cosmetics line, Forbes reported.

The rest of Rihanna’s wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actress, the magazine said.

Rihanna’s Fenty Beauty was launched in 2017 with the goal of promoting inclusivity, produces make-up to match dozens of different skin tones.

Although the musician has not produced an album since 2016, Rihanna still holds sway over legions of fans, with more than 100 million followers on Instagram and Twitter.