In August 2021, Forbes stated that the singer was worth an astounding $1.7 billion. How Did Rihanna Become So Wealthy? When Robyn Fenty, better known as Rihanna, founded Fenty Beauty in 2017, she set out to establish a cosmetics brand that would make “women everywhere feel included.” So how did Rihanna become so wealthy? Let us have a look at her career and fortune.
Who is Rihana?
Robyn Rihanna Fenty NH was born in Barbados on February 20, 1988. She is a singer, actor, fashion designer, and entrepreneur. Rihanna was born in Saint Michael and reared in Bridgetown, Barbados. American record producer Evan Rogers spotted her and invited her to the United States to record demo tapes.
She quickly garnered popularity after signing with Def Jam in 2005, with the release of her first two studio albums, Music of the Sun (2005) and A Girl Like Me (2006), both of which were influenced by Caribbean music and climbed in the top ten of the US Billboard 200 chart.
Apart from music, Rihanna is well-known for her charitable work, entrepreneurial endeavours, and engagement in the fashion sector. She is the founder of the nonprofit Clara Lionel Foundation, the cosmetics brand Fenty Beauty, and the fashion house Fenty, all of which are owned by LVMH;
she is the first black woman to lead an LVMH luxury business. Rihanna has also dabbled in acting, starring in Battleship (2012), Home (2015), Valerian and the City of a Thousand Planets (2017), and Ocean’s 8 (2018). (2018). She was nominated by the Barbados government as an ambassador for education, tourism, and investment in 2018, and was named a National Hero of Barbados on the first day of the country’s parliamentary republic in 2021, entitling her to the life-long style of “The Right Excellent. viagra contrefait ”
How Did Rihanna Get So Rich?
The majority of her fortune (an estimated $1.4 billion) is derived from Fenty Beauty, which Forbes confirms she owns 50% of. The remainder is derived from her engagement with her lingerie firm, Savage x Fenty, which is estimated to be worth $270 million, and her profits from her chart-topping career as a musician and actor.
How much is Rihanna’s net worth?
Rihanna’s net worth is believed to be in the neighborhood of $1.7 billion. Forbes provided that sum in August 4, 2021, headline titled “Fenty’s Fortune: Rihanna Is Now Officially a Billionaire.”
That makes RiRi the wealthiest female vocalist on the planet and, second only to Oprah Winfrey, the wealthiest female performer of all time. As with Winfrey, Rihanna is nearly entirely self-made—and, perhaps more impressively, does not come from a family of billionaires, as other billionaire-valued female celebrities such as Kylie Jenner and Kim Kardashian do.
After news of Rihanna’s billionaire status went viral, a paparazzi tracked her and boyfriend ASAP Rocky down on the streets of New York and inquired her how it felt to have such a large bank account. Her straightforward response? “God is gracious.”
The following month, she revealed to The Cut that she celebrated her billionaire status by ordering Chinese food for dinner, adding, “Normally, I have pork fried rice, but that day was chicken fried rice.”
Rihanna’s Earning Sources
Naturally, Rihanna’s incredible musical abilities were her original ticket to success — who can forget when her 2007 smash song Umbrella ruled the charts for weeks? — and she has not forgotten her origins.
Indeed, the majority of her revenue comes from records and concerts. According to her record company Roc Nation, she is the world’s best-selling digital artist, having sold more than 60 million albums and 215 million digital tracks globally. Her 2013 Diamonds World Tour grossed roughly US$142 million, while her 2016 Anti World Tour grossed US$106 million.
While Rihanna began her career as a singer, it is her remarkable cosmetics business that has elevated her to billionaire status.
According to Forbes, Rihanna owns half of the high-end cosmetics firm Fenty Beauty, while LVMH Mot Hennessy Louis Vuitton owns the other half.
On September 8th, 2017, she started the brand, which sells makeup and skincare, and it instantly became a tremendous success.
The company is well-known for its gender and skin tone inclusivity, with the renowned Pro Filt’R foundation available in 50 distinct hues.
Fenty Beauty ships to over 150 countries and is sold in a number of the world’s most prestigious beauty boutiques. This includes Sephora, JCPenney, Ulta Beauty, and Kohl’s in the United States.
As are numerous celebs. Rihanna gets a fortune from high-profile endorsement deals. She has promoted the products of River Island, Mac, Armani, and Balmain.
Additionally, she inked a US$1 million deal in 2014 to serve as Puma’s creative director, a move that helped not only Rihanna’s bank account – the singer’s freshly designed footwear increased Puma’s footwear sales by an amazing 16%. Rihanna is still working as Puma’s worldwide ambassador, earning a reported seven-figure endorsement agreement.
Savage X Fenty
Rihanna‘s popular lingerie line Savage X Fenty also contributes significantly to her enormous net worth.
According to Forbes, the brand is worth an estimated $270 million. It was launched on May 11th, 2018, and will continue to be extremely successful in 2022.
As with Fenty Beauty, the brand is centered on confidence and diversity, with lingerie made for women of all genders and sizes.
Although Savage x Fenty is most known for its underwear and lingerie, the brand also sells sleepwear and loungewear and ships to 210 countries.
Gigi and Bella Hadid, Megan Thee Stallion, Normani, and Kehlani have all been brand ambassadors.