14 May Rihanna enters Sunday Times Rich List as Britain’s third-wealthiest musician in 2020
Rihanna has entered The Sunday Times Rich List as London’s third-wealthiest musician.
The pop star revealed she lives in London back in May 2019 and entered this year’s rich list in the top three with a fortune of £468m. Despite not dropping an album since Anti in 2016, Rihanna’s 15% stake in Fenty Beauty is worth a reported £351m. The company is now valued at £2.4bn ($bn).
Rihanna’s £468m fortune also makes her the richest woman in the world, ahead of Madonna (£462m), Celine Dion (£365m) and Beyoncé (£325m). Robert Watts, who compiles The Sunday Times rich list, said Rihanna is ‘well placed to be the first musician to reach billionaire status in the UK’.
Lord Lloyd-Webber and Sir Paul McCartney topped the list in joint first with £800m. Ed Sheeran rounds off the top 10 with a fortune of £200m, alongside Sir Rod Stewart and Sting. It is expected that that U2 will knock Rihanna down to fourth when the Irish edition publishes their rich list, as they made around £583m last year.
Here are the top 10 richest musicians in Britain in The Sunday Times Rich List 2020:
1 = Lord Lloyd-Webber – £800m
1 = Sir Paul McCartney – £800m
3 – Rihanna – £468m
4 – Sir Elton John – £360m
5 – Sir Mick Jagger – £285m
6 = Olivia and Dhani Harrison – £270m
6 = Keith Richards – £270m
8 – Sir Ringo Starr – £260m
9 – Michael Flatley – £206m
10 = Ed Sheeran – £200m
10 = Sir Rod Stewart – £200m
10 = Sting – £200m
Richest musicians under 30 in 2020
Ed Sheeran tops the list of richest musicians under 30 thanks to his £200m fortune, which is at least three times more than Harry Styles in second with £63m. Fellow One Direction member Niall Horan clocks in at third with £50m.
Stormzy is joint-ninth with a fortune of £20m, up £4m from the previous year thanks to a second #1 album with Heavy Is The Head, as well as two #1 singles from the project in the form of ‘Vossi Bop’ and ‘Own It’. He also featured on a third chart-topping single, ‘Take Me Back To London’, alongside Ed Sheeran.
Stormzy had planned to embark on a huge world tour in 2020. He was set to visit 53 cities across 25 countries. In an interview last year, he revealed he had already sold over 100,000 tickets for his tour. However, the tour has now been postponed because of the Covid-19 crisis.
Watts warned that the coronavirus crisis could have a huge impact on next year’s list: “Their fortunes have held up a little better this year because they’re coming off the back of big tours and their valuation is not affected by a plunging stock market. But next year I would expect, for a lot of these musicians, their wealth to flatline – and some of them may even have to dip into their reserves.”
Here’s The Sunday Times Rich List for musicians under 30:
1 – Ed Sheeran – £200m
2 – Harry Styles – £63m
3 – Niall Horan – £50m
4 – Little Mix – £48m
5 – Louis Tomlinson – £45m
6 – Liam Payne – £44m
7 – Zayn Malik – £36m
8 – Sam Smith – £33m
9 = Rita Ora – £20m
9 = Stormzy – £20m
11 = George Ezra – £16m
11 = Dua Lipa – £16m