A look at Rihanna’s earnings and net worth. The news that Rihanna and A$AP Rocky are expecting a baby has brought her back to the forefront of the internet’s consciousness in a major way.
What better time to reflect on Robyn Rihanna Fenty’s rise to fame and money as one of the world’s richest performers at the age of just 33 and one of the world’s most recognisable faces than now?
What Is Rihanna Net Worth??
It was estimated by Forbes in August that Rihanna’s net worth was $1.7 billion, placing her “second only to Oprah Winfrey as the richest female entertainment,” according to the magazine.
Taking Over the Music Industry
She originally garnered notoriety in 2005 with the release of her first album “Music of the Sun” and the single “Pon de Replay” on the Def Jam label, which is owned by Universal Music Group (UMGP).
After her 2007 album “Good Girl Gone Badfirst “‘s hit “Umbrella” was nominated for a Grammy and reached No. 1 on the Billboard Hot 100, it cemented her status as a global pop star.
She released an album every year from 2009 to 2012: “Rated R” in 2009, “Loud” in 2010 and “Talk That Talk” in 2011. “We Found Love” and “Rude Boy” were two of the songs from these albums, which both reached at least double platinum and won her a Grammy nod.
Nielsen SoundScan has named Rihanna the best-selling digital artist in the United States since 2004. She has sold more than 10 million records since 2004, according to “Billboard.” After then, there were sold-out stadium tour performances. As a result, she hasn’t put as much effort into her music since the release of her 2016 album, “Anti,” and the accompanying tour.
Several well-known singers have also tried their hand at acting. While Rihanna’s 2012 version of the children’s game Battleship and her 2017 sci-fi feature Valerian and the City of a Thousand Planets both failed at the box office, her 2018 sequel to the Ocean’s franchise “Ocean’s 8” was a commercial and critical hit.
She’s also starred in a number of commercial campaigns throughout the years, including one for Kodak in which she was involved.
Why Is Rihanna So Rich?
Bernard Arnault, the world’s third-richest person, is the CEO of LVMH (LVMUY), a French luxury fashion company that worked with Rihanna to create Fenty. The two firms formed a 50-50 joint venture in 2017.
She set out to make the firm as inclusive as possible and to address the needs of individuals who had been left out by other cosmetics brands, and she achieved this purpose. There are “50 colours” to choose from, including “tough to obtain darker tones for women of colour,” according to Forbes, and the foundation’s “ads are modelled by an equally diverse mix of people.”
When she launched Fenty Beauty, she was able to leverage her celebrity status, social media dominance (she has 101 million Instagram followers and 102.5 million Twitter followers), and ability to identify an untapped consumer base to make it a near-immediate success, generating $550 million in annual sales by the following year.
Although the COVID-19 outbreak has had a negative influence on the cosmetics industry, Fenty Beauty has remained strong and is currently valued at $2.8 billion.
— Rihanna (@rihanna) March 31, 2022
Savage x Fenty, a lingerie line developed in 2018 by the singer and the online business TechStyle Fashion Group, which obtained $115 million in financing last year at a valuation of $1 billion, is a joint venture between the two companies. According to reports, she holds a 30% stake in the corporation.
In addition, in 2019, Rihanna launched her Fenty clothing and accessories line, which comes in a variety of sizes. But the high-end line was forced to close early the next year because of the epidemic. To win them all is impossible.
The Fenty cosmetics business, which Rihanna owns, accounts for $1.4 billion of her net worth. From her music, acting and lingerie businesses, her net worth is believed to be more over $270 million according to Rolling Stone.
On top of all of that, Rihanna has been generous with her money, launching the Clara Lionel Foundation in 2012 to support educational initiatives and disaster relief operations across the world. It was thanks to Rihanna’s $1.75 million donation that the Clara Braithwaite Center for Oncology and Nuclear Medicine was constructed at Queen Elizabeth Hospital in Barbados.
People reacted to the news that she had just become a billionaire like it was their own. There are just a few black billionaires in the world, and of those, there are only a few of them who are women. Many saw this as a sign of hope for black women everywhere.
With the advent of her first kid and the expansion of her fashion and lingerie enterprise, Rihanna may not have the time to record new music. Despite this, Rihanna’s success is undeniable.