Robyn “Rihanna” Fenty, a humble woman from St. Michael, Barbados, is a successful singer-songwriter and businesswoman. Starting her career as a music artist, Rihanna opened several businesses and became a trailblazer in the fashion and beauty industries.
What is Rihanna’s Net Worth?
Rihanna’s net worth is $1.4 billion. This year (2022), she is on the Forbes list of “The Richest Self-Made Women” for the third year, where she was ranked 21st. She is the youngest billionaire on the list to make black women’s history.
Her outstanding net worth means Rihanna is now America’s youngest female self-made billionaire and the richest female musician in the world (number two musician is Madonna – Madonna’s net worth is estimated at $850 million).
Rihanna earns about $70 million a year.
How did Rihanna earn her net worth?
Rihanna has earned her net worth by building multiple streams of income and a diverse financial portfolio. She has found success as a mogul in the music, beauty and fashion industries, using her personal experience and inclusive vision to fill in the gaps in the market.
Rihanna was first discovered as a musician by record producer Evan Rodgers, who signed her to Syndicated Rhythm Productions.
After Jay-Z heard one of Rihanna’s demos, she signed with Def Jam Records in 2004. In 2005, Rihanna released her debut album Music of the Sun. In the following years, she released seven more albums and her musical career flourished. She has received 9 Grammy Awards, 12 Billboard Music Awards, 13 American Music Awards, and eight People’s Choice Awards, to name but a few.
In addition to being a musician, Rihanna has acted in films and television. Her first role was a cameo in Bring It On: All or Nothing in 2006. She has starred in roles such as Battleship, 8 Oceans, Annie, Bates Motel, This Is the End, and Valerian and the City of a Thousand Planets.
In 2012, Rihanna starred in her television series Styled to Rock. The series debuted in the UK, followed by an American version in 2013. She also voiced the main character in the film “Home” and released the official soundtrack.
Rihanna has used her fame to land deals with many top designers and companies. She signed with Covergirl in 2007 and has been the face of brands such as Totes Umbrellas, Got Milk and Gucci collections. In addition, she has had celebrity ads for Mac Cosmetics, Budweiser, Armani, Dior, Gucci, Secret, Nike, and Clinique, just to name a few.
In 2014, she served as creative director of Puma’s women’s collections in a rumored $1 million collaboration deal. In 2015, she signed a deal with Samsung to promote their Galaxy product line in exchange for $25 million to sponsor her tour and then-upcoming album Anti.
In September 2017, Rihanna launched her brand Fenty Beauty. The line was created in partnership with LVMH, Louis Vuitton Moët Hennessy, a French luxury retailer in which Rihanna owns 50%.
The Fenty Beauty cosmetic line has earned praise for the range of shades on offer. By incorporating darker shades for foundation, the brand has filled a gap in the beauty industry. In addition, the brand has been praised for the variety of models used in marketing campaigns, placing Fenty Beauty at the forefront of the transition to inclusion in the beauty industry.
She then created the Fenty Skin skin care line. Fenty Skin is a gender-neutral and abuse-free skincare brand under the umbrella of Fenty Beauty.
The Fenty Beauty line is valued at $2.8 billion and makes up the majority of Rihanna’s $1.7 billion net worth.
Savage X Fenty
After the successful launch of Fenty Beauty, Rihanna designed and launched the lingerie brand in May 2018. The company is valued at $270 million and owns a 30% stake.
Savage x Fenty is an all-inclusive lingerie line with a wide range of sizes for women of all shapes and sizes. Continuing the Fenty Beauty trend, it was one of the first inclusive lingerie brands.
Bloomberg reported that the Savage X Fenty team worked with Goldman Sachs and Morgan and Stanley to offer the brand an initial public offering (IPO). This means that Savage X Fenty will become a public company on the stock market. This IPO could value the company at $3 billion and Rihanna will own 30% of the shares.
Fenty Fashion House
Rihanna also opened a fashion house with luxury group LVMH. The fashion house was founded in 2017 and launched in May 2019. Through this partnership, Rihanna became the first woman and person of color to collaborate with the LVMH group.
The band has agreed to close fashion label Fenty in 2021, less than two years after production began.
How does Rihanna spend money?
“Work hard, play hard” comes to mind when you think about how Rihanna spends her money. What is America’s youngest female billionaire spending her fortune on after putting in the effort to build a billion dollar business from scratch?
Charity and giving is a big deal for Rihanna. She never hesitates to donate money to a good cause. In 2017, Harvard University named her Humanities Specialist of the Year.
Rihanna founded the Clara Lionel Foundation in 2012 in honor of her grandparents. In 2020 alone, the foundation invested more than $47 million in mental health, racial inequality, healthcare and personal protective equipment, and educational initiatives.
In addition, Rihanna has donated $5 million to various organizations to help fund coronavirus efforts through the Clara Lionel Foundation.
Home / Real Estate
Rihanna has owned and rented property in California, Barbados, England and New York. Rihanna rented an apartment in Chinatown from 2013 to 2017, and the rent cost her $50,000 a month.
In 2017, she purchased a mansion in the Hollywood Hills for $6.8 million. She currently rents out this property, earning $35,000 a month.
She also purchased seafront property in her home country of Barbados, which cost her $21.8 million. Most recently (2021), she bought a home in Beverly Hills, California that cost her $13.8 million. A few months after buying this Beverly Hills home, she paid $10 million to buy the property next door.
As a successful entrepreneur in the fashion and beauty industry, it’s no surprise that Rihanna has good taste. Known for her style, Rihanna often spends her money on fine pieces.
Rihanna is often photographed in fashionable outfits that appear straight from the catwalk. She was spotted on Instagram wearing a pair of sparkly Saint Laurent boots days after the Paris fashion show. The boots cost $10,000. For the pregnancy photo shoot, Rihanna wore a custom 18-carat King Midas Rolex watch that sells for around $42,000.
According to The Sun, Rihanna’s car collection has cost her $2.3 million throughout her career, consisting of cars like the $1 million SLR McLaren and the $330k Lamborghini Aventador.
Since the beginning of her musical career, Rihanna has spared no expense to let her hair down and have fun with her friends. Partying on luxury superyachts and cruising the Mediterranean, she pays big bucks to have a good time.
In addition to fashion and parties, Rihanna spends her fortune on travel. She has been spotted in luxury locations in Europe such as Saint Tropez, France, Portofino, Italy, and Amsterdam, the Netherlands, just to name a few.
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Rihanna’s net worth – nowhere to go but up
There is no doubt that Rihanna has worked hard to earn her fortune. Her personality and inclusive nature have greatly contributed to the success of her business, creating brands with color, size and gender that set her apart from others. From humble beginnings in the Caribbean to billionaire in the States, Rihanna’s career is the epitome of an American success story.