Rihanna has staked a place near the top of the UK’s annual music rich list after moving to Britain last year, beating the likes of Mick Jagger, Elton John and Rod Stewart. Her wealth has been boosted by the success of her Fenty cosmetics brand and other partnerships such as her lingerie line, as well as record sales from her eight albums. Ed Sheeran, 29, remains the wealthiest young musician (under 30) with his vast, multi-date sellout tours helping him amass a £200m fortune. Watts expects a difficult 2020 for artists who, he says, are going to be hit hard by the impact of Covid-19, with live touring – which is the big earner for acts as physical album sales dry up and streaming payments bring in paltry sums – coming to a halt.
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