Over the years, the music and the art industry has 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 aiming to become wealthy and successful artists.
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 do you think will be the richest female musicians in the world?
10 Richest Female Musicians In the World
1. Rihanna ($1.7 billion in net worth)
That’s right, Rihanna is suddenly a multi-billionaire. Singer and businesswoman Rihanna now has a net worth of $1.7 billion, making her the wealthiest singer in the world. Furthermore, she’s one of the richest female musicians in the world, but not because of her work. Yep, you heard that correctly.
Rihanna, earlier known as Robyn Fenty, debuted her 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 Fenty Beauty, Rihanna reportedly earns over $1.4 billion. In addition, the remainder of her fortune comes from her work as an actor and a singer.
This cosmetics firm is a subsidiary of LVMH, a luxury product business that offers a wide range of skin tones, including dark hues for women of color, which is historically uncommon. The USP of the cosmetic line is its inclusivity. The partnership with LVMH has unquestionably raised 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.
2. 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 numerous singles and repeatedly secured their place 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 globally. Madonna has acquired a great fortune, estimated at around $880 million, during her long and successful music career. Her net worth can be traced back to her commercially successful music and acting career and 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 has invested in several start-ups.
3. Dolly Parton ($610 million in net worth)
Dolly Parton is the world’s third-richest female musician, with a net worth of $610 million. Every event the legendary country music performer performs has netted her thousands of dollars.
Because of her real estate holdings and commendable musical abilities, the singer is worth $650 million.
As a result, Parton now earns money in various ways, including royalties from her immensely successful songs that have been covered by various artists, which helped her earn a whopping $10 million in the 1990s.
Dolly still gets $0.08 for every song she wrote that is played on the radio today and $2 for each album she sells. She is the sixth highest-paid female artist in the music industry, with a net worth of $37 million. One of her significant investments is the Dollywood entertainment park, which attracts over three million visitors and generates roughly $118 million in revenue.
4. Gloria Estefan ($500 million in net worth)
This 4th richest female musician is a multi-talented entertainer with a fortune estimated at $500 million is of Cuban background and currently resides in the United States. This female vocalist is one of the wealthiest crossover performers in music history. She has sold over 130 million albums worldwide during her career.
She has sold over 100 million albums worldwide and won multiple Grammy Awards during her five-decade career as a singer. Gloria is a well-known figure not only in the music industry but also on a variety of social media platforms.
She is the author of two children’s books- Noelle the Bulldog and the Magically Mysterious Adventures of Noelle the Bulldog. The singer appeared in two films in 1999 and 2000. She is currently one of the world’s richest female musicians because of her successful music career.
5. Celine Dion ($470 million in net worth)
Celine Dion will have a net worth of $470 million by 2021, making her the 5th world’s richest female musicians.
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 globally during her illustrious music career. Her two Los Angeles homes are worth a combined $681.3 million.
She alone made almost $37 million in just 2019.
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.’
6. Shania Twain ($450 million in net worth)
Shania Twain, a Canadian country music singer, has a net worth of $450 million and is regarded as one of the genre’s all-time greatest. Since she has been in the music business for almost twenty-five years, her profits have been substantial.
Over 100 million records have been sold by her, who doubles as a singer, actor, and songwriter, making her the best-selling female artist in country music. As a diverse performer, she’s also known as 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.
On the other hand, she earns a living in other fields too. Under her name, she has a long list of sponsorships, commercial partnerships, and major tours. Not only that, but she has also released a fragrance under the name Shania Starlight, which adds to her affluential status.
7. 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. On the other hand, the second album did not do as well as the first. But a film was made of the same name.
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 her music career, she came from a wealthy family. In past, she had to beg her father repeatedly to send her to boarding school in the common car rather than their family Rolls Royce.
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.
8. Beyoncé Knowles ($418 million in net worth)
With a net worth of $418 million, Beyoncé 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.
Beyoncé is a well-to-do celebrity whose net worth is a total from her real estate and music career. Most of this wealth is spent on vacation, transportation, and contribution to charities set up for noble causes.
Beyoncé has a long history of launching perfumes, and she has just inked a $20 million, three-year contract to create her trademark scent, Coty. Additionally, she has invested in a recognized fashion line called House of Dereon. Since 2010, she has made approximately $500 million from her fragrance businesses.
9. 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 several mediums, including music, acting, and filmmaking. She has also won two Academy Awards and ten Grammys for her work.
Her total wealth is the summation of her multifaceted career as a musician, actor, director, composer, producer, and businesswoman. According to Forbes, Barbra Streisand is amongst the richest female musicians of all time and one of the most successful performers in music history as a recording artist.
10. 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 the world’s top 100 highest-paid celebrities in 2020.
The success of Jenifer Lopez’s music career has an immense impact on her overall wealth. Her debut album, ‘On the 6,’ went platinum three times and sold over 8 million copies. Throughout 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.
