'Fearless' Taylor Swift Passes Madonna On Richest Self-Made Women List — Here's Who Else The 'All Too Well' Singer Ranks Ahead Of
Portfolio Pulse from Chris Katje
Taylor Swift's successful 2023 Eras Tour has led to a surge in demand for tickets, causing Ticketmaster's website to crash and parent company Live Nation Entertainment (NYSE:LYV) to face backlash. Swift's wealth has increased to $740 million, ranking her 34th on Forbes' Richest Self-Made Women list, surpassing Madonna. Rihanna remains the wealthiest female musician with $1.4 billion, partly due to her 50% ownership in Fenty Beauty, co-owned by LVMH (OTC:LVMUY)(OTC:LVMHF).
June 03, 2023 | 9:36 pm
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POSITIVE IMPACT
Rihanna's wealth, partly attributed to her 50% ownership in Fenty Beauty, co-owned by LVMH, has reached $1.4 billion, making her the wealthiest female musician.
Rihanna's success and wealth increase, partly due to her ownership in Fenty Beauty, reflects positively on LVMH as a co-owner. This could potentially have a positive impact on LVMH's stock price in the short term as investors may view this as a sign of successful partnership and product performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Rihanna's wealth, partly attributed to her 50% ownership in Fenty Beauty, co-owned by LVMH, has reached $1.4 billion, making her the wealthiest female musician.
Rihanna's success and wealth increase, partly due to her ownership in Fenty Beauty, reflects positively on LVMH as a co-owner. This could potentially have a positive impact on LVMH's stock price in the short term as investors may view this as a sign of successful partnership and product performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Live Nation Entertainment faces backlash due to high demand for Taylor Swift's 2023 Eras Tour tickets, causing Ticketmaster's website to crash.
The high demand for Taylor Swift's tour tickets and the subsequent website crash has led to negative publicity for Live Nation Entertainment. This could potentially impact the company's stock price in the short term as investors may perceive this as a sign of poor management or infrastructure.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80