LVMH Deal Catapults Rihanna Onto Sunday Times of London Rich List

LONDON — Rihanna has been named one of the wealthiest people in Britain with a fortune of 468 million pounds, due mainly to her partnership with LVMH Moët Hennessy Louis Vuitton, according to the Rich List 2020 published by the Sunday Times of London. The Barbados-born Rihanna, who lives in north London, is a minority shareholder in Fenty, the luxury house launched by the singer and LVMH. The newspaper believes that the Fenty brand is worth $3 billion, with Rihanna’s estimated 15 percent stake worth $351.6 million. The rest of her wealth is derived from eight albums and various other businesses. Although the Paris-based LVMH boss Bernard Arnault is not on the annual Rich List, which counts the wealthiest 1,000 people in Britain, he did make it once again into the newspaper’s annual ranking of the top ten richest families and individuals in the world. Arnault and his family sit at number five with a fortune estimated at 59.4 billion pounds. At the top of the list are the Walton family, owners of Walmart and Asda, with 160.5 billion pounds, followed by Jeff Bezos; Bill Gates; Charles and Julia Koch; Arnault; chocolate magnates, the Mars family; Warren Buffet; Larry Ellison of Oracle; Inditex’s Amancio

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