Over the years, the entertainment sector as well as the music and art industries, have expanded significantly. Along with it, the level of rivalry among musicians has risen sharply. These artists are vying not just for the attention of millions of listeners, but also for the money that comes with it.
There are a lot of artists out there that are thriving financially. But women have made a massive dent in the industry and have completely changed the music scene in various genres. The top performers of today are mostly women and they have amassed wealth that is worth revering. But this also gives rise to intense competition between them. So, in 2021, who will be the highest-paid female musician in the world?
Rihanna ($1.7 billion in net worth)
That’s right, Rihanna is suddenly a multi-billionaire. Singer and businesswoman Beyoncé now has a net worth of $1.7 billion, making her the wealthiest singer in the world. Furthermore, she’s one of the wealthiest musicians in the world, but not because of her work. Yep, you heard that correctly.
Rihanna, who was born Robyn Fenty, debuted her own cosmetics line, Fenty Beauty, in 2017, intending to make all women feel empowered and included. Whatever the case, the Barbados-born singer is overjoyed with the success of her brand, regardless of whether it was intentional or not. For her 50% share in the Fenty Beauty brand of cosmetics, Rihanna reportedly earns over $1.4 billion. In addition, the remainder of her fortune is derived from her work as an actor as well as a singer.
This cosmetics firm, which is a subsidiary of LVMH, a luxury goods business, offers a wide range of skin tones, including dark hues for women of color, which is historically uncommon. The popularity of the cosmetic line can be attributed to its inclusivity. The partnership with LVMH was unquestionably a huge success for Rihanna, earning her $550 million in income in 2018.
That’s not the end of the story, though. The projected value of Rihanna’s Savage and Fenty lingerie line is $270 million.
Madonna ($850 million in net worth)
Madonna comes in second with an estimated net worth of $850 million, making her one of the world’s wealthiest female vocalists. Madonna, named Madonna Louise Ciccone in real life, is one of the world’s most influential and recognizable pop singers, sometimes known as The Queen of Pop or The Material Girl.
The main vocalist has released a slew of singles that have repeatedly charted on the Billboard 200. Young artists and musicians look up to her as an inspiration, and her powerful voice has had a long-lasting influence on the globe at large. Madonna has acquired a huge fortune, estimated at close to $880 million, during her long and successful music career. Her enormous net worth may be traced back to her commercially successful music and acting careers, as well as her numerous forays into commerce. In addition, she’s the owner of a slew of gold and platinum records. Not only that, but Madonna is also the all-time highest-grossing solo touring artist, with concert ticket sales totaling over $1.4 billion. She’s a brilliant businesswoman who’s been involved in several start-ups.
Dolly Parton ($610 million in net worth)
Dolly Parton, who is worth $610 million, is the richest female vocalist in the world. When it comes to her career, the renowned and popular country music artist has made thousands of dollars through every concert.
The singer is worth $650 million because of her real estate holdings and incredible musical abilities. As a result, Parton now earns money from several sources. Royalties from her hugely popular songs, which other artists have covered, have contributed to a staggering $10 million which were received by her during the 1990s.
Dolly still earns about $0.08 for every time a song she created is played on the radio today, and she gets $2 for each album sold. With an estimated net worth of $37 million, she ranks as the sixth most paid female artist in the music industry. The Dollywood entertainment park, which receives over three million people each year and brings in around $118 million in revenue, is one of her largest investments.
Gloria Estefan ($500 million in net worth)
This singer of Cuban ancestry who is currently living in the United States is a multi-talented entertainer with a fortune estimated at $500 million. In the history of music, this female vocalist is one of the wealthiest and most successful crossover performers. Over the course of her career, she has racked up over 130 million album sales worldwide. In her five-decade-long singing career, she has sold over 100 million albums worldwide and received several Grammy Awards.
Gloria is a well-known personality not just in the music industry, but across a wide range of social media channels as well. She is the author of two children’s novels, including Noelle the Bulldog and the Magically Mysterious Adventures of Noelle the Bulldog. In 1999 and 2000, the singer featured in two films. As a result of her great music career, she’s now one of the world’s wealthiest female musicians.
Celine Dion ($470 million in net worth)
Celine Dion will have a net worth of $470 million by 2021, making her one of the world’s wealthiest female singers. In 1982, the Canadian vocalist won the Yamaha World Popular Song Festival and the 1988 Eurovision Song Contest, establishing her as one of the greatest singers of all time. Celine sold $681 million worth of tickets at her most recent gig in Sin City, shattering previous records.
More than 220 million records have been sold and she has performed all over the world during her illustrious music career. Her two Los Angeles homes are worth a combined $681.3 million.
She made almost $37 million in just 2019 alone. The well-known singer has bought and sold several homes throughout her career, but her $28 million Florida mansion sale stands out above the rest. Her income does not just come from her singing. She started her career by opening numerous outlets of the Canadian restaurant chain ‘Nickels’.
Shania Twain ($450 million in net worth)
Shania Twain, a Canadian country music singer, has a net worth of $450 million and is widely regarded as one of the genre’s all-time greatest. Since she’s been in the music business for almost twenty-five years, her profits have been substantial. Over 100 million records have been sold by Shania Twain, who doubles as a singer, actor, and songwriter, making her the best-selling female artist in country music. As a diverse performer, she’s been dubbed the Queen of Country Pop and other prestigious titles.
In addition, Shania Twain is the only Canadian artist to have sold more records than Celine Dion in her career. As a result of her massive album sales, her net worth has grown significantly. The legendary singer, on the other hand, earns a living in other fields as well. Under her name, she has a long list of sponsorships, commercial partnerships, as well as major tours. Shania has also released a fragrance under the name Shania Starlight, which adds to her affluential status.
Victoria Beckham ($430 million in net worth)
Victoria Beckham, the wife of David Beckham, is a well-known British singer, philanthropist, and actress with an estimated net worth of $430 million. Victoria got her start in the music industry as a member of the Spice Girls, a popular all-girl pop group in the 1990s. Four of her singles have reached the top ten in the UK. After selling over 20 million copies of Spice, the Spice Girls released Spiceworld, their follow-up album, in 1997. The second album, on the other hand, did not do as well as the first, but a film with the same title was made.
Besides being a well-known music diva, Victoria is also a self-taught fashion designer. When Beckham left the Spice Girls, she started a solo career that took her to the top of several British charts. But even before she became a music star, she came from a well-to-do family, and an anecdote she has recounted is that one time she begged her wealthy father repeatedly not to send her to boarding school in the family Rolls Royce, but a common car instead.
Beckham started her fashion label in 2008, and by 2011, it had become a mainstay of New York Fashion Week and a more affordable version of her denim line, dVb Style. The label sold approximately $79 million worth of merchandise in the first three months of 2012.
Beyonce Knowles ($418 million in net worth)
With a net worth of $418 million, Beyonce Knowles is one of the world’s highest-paid celebrities, earning $81 million in 2019. Also, as she is Jay-Z’s wife, she is a member of a famous power couple that includes two millionaires with several interests in the music and liquor industries.
Beyonce is a well-to-do celebrity whose net worth is derived from a combination of her real estate and music career, and most of this wealth is spent on vacation, transportation, as well as contribution to a number of charities set up for admirable causes. Beyonce has a long history of launching perfumes, and she has just inked a $20 million, three-year contract to create her own trademark scent, Coty. Additionally, she has a well-known fashion line called House of Dereon that she has invested in as well. Since 2010, she has made approximately $500 million from her fragrance businesses.
Barbra Streisand ($407 million dollars in worth)
The estimated net worth of Barbra Streisand in 2021 is $407 million. The multi-talented American entertainer has found success in a variety of mediums, including music, acting, and filmmaking. She’s also won two Academy Awards and ten Grammys for her work. That she’s so wealthy is due in large part to her multifaceted career as a musician, actor, director, composer, producer, and businesswoman. According to Forbes, Barbra Streisand is amongst the highest-paid female musicians and vocalists of all time as well as one of the most successful performers in music history as a recording artist.
Jennifer Lopez ($400 million in net worth)
With a net worth of $400 million, Jennifer Lynn Lopez is a well-known actress, producer, singer, and dancer in the United States. She made a name for herself in Selena, her first feature film role, and was nominated for a Best Actress Oscar for her work in it as well. Forbes has listed her as one of the country’s wealthiest self-made women and as one of the world’s top 100 highest-paid celebrities in 2020.
The success of Jenifer Lopez’s music career has had a considerable impact on her overall wealth. Her debut album, ‘On the 6,’ went platinum three times and sold over 8 million copies. Over the course of her career, the singer-songwriter has racked up sales of over 70 million albums worldwide. Season 10 of American Idol saw Jenifer add another $12 million to her bank account after winning the competition. When she returned during seasons 11, 13, 14, and 15, her earnings increased significantly.
Women are really taking the music industry by storm, huh? It’s no surprise considering the music scene revolves around the likes of Nicki Minaj, Rihanna, and Doja Cat. Does this list surprise you? Who is your favorite artist amongst these musicians? Do you think they deserve this wealth? Do let us know in the comments down below.
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