In August 2021, Rihanna’s Fenty Beauty cosmetics line had a net worth of more than $1 billion. For the first time, Forbes has included the singer-entrepreneur on its annual list of the world’s wealthiest individuals. With a fortune of $1.7 billion, Rihanna enters the ranks of Peter Jackson, Melinda French Gates, and the other 233 “new billionaires” on Forbes’ list of the world’s wealthiest people.
First Barbadian to be included on the list of honorees. According to Forbes, Rihanna’s Fenty Beauty line is expected to bring in more than $550 million by 2020. At $1,729 million in net worth, she’s ahead of Jay-Z but below Kanye West. While Beyonce and Taylor Swift have yet to become billionaires, Kim Kardashian has a net worth of $1.8 billion. The merch, baby, is everything.
Rihanna isn’t making any note of the achievement. For the occasion, she has resorted to social media, tweeting, “Today is my Queen’s birthday!!!” Amid my motherhood journey, I discovered a new level of admiration and respect for my mother that I could never have predicted! When I can, I want to offer her flowers as often as I can! My heartfelt gratitude to you, mother!!! Many happy returns of the day! When we get together, we’re going to party!
How Much Money Does Rihanna Have?
Her name is Rihanna, a Barbadian-born singer-songwriter, actress, and businesswoman. The net worth of Rihanna as of August 2021 is $1.7 billion. As a result, she has become the world’s richest female musician. In today’s music industry, Rihanna is one of the most well-known and successful performers. Due to LVMH’s connection with her Fenty Beauty Line, much of her net worth comes from this venture.
The company’s annual revenue is estimated to be in the vicinity of $100 million. It is said that Rihanna owns 50% of the relationship and the brand is worth between $2-3 billion and $3 billion in revenue. She also owns a lingerie business called Savage X Fenty, which is valued at roughly $1 billion at the time of writing this article.
Rihanna makes between $40 and $80 million a year from her growing business empire. She made $65 million between June 2018 and June 2019. She made $45 million between June 2019 and June 2020.
Life in the Beginning
On February 20, 1988, Robyn Rihanna Fenty was born in Saint Michael, Barbados. African, Caribbean, and Irish ancestry are all that she has to offer. Due to her father’s alcoholism and crack cocaine addiction, she turned to music as a means of coping with her difficult childhood.
The American record producer Evan Rogers discovered her in Barbados and brought her to the United States, where she made demos and was signed to Rogers and Carl Sturken’s production business Syndicated Rhythm.
Career in Music
Def Jam Records CEO and rapper Sean Carter, aka Jay-Z, heard Rihanna’s tape and asked her to an audition. In 2004, she instantly secured a deal with a record label for six albums.
When she released her first studio album, “Music of the Sun,” she worked with a team of producers that included Jay-Z. (Aug. 2005). “A Girl Like Me” (Apr. 2006), Rihanna’s first RIAA-certified platinum album, followed soon after. “Umbrella,” the album’s main hit, has sold over 8 million copies worldwide and earned her a Grammy Award in 2008 for Best Rap/Sung Collaboration alongside Jay-Z. The 2007 album “Good Girl Gone Bad” got favorable critical reviews.
Among her succeeding albums are “Rated R” (2009), “Loud” (2010), “Talk That Talk” (2011), and “Unapologetic” (2012). (2016). “Run This Town” (2009) with Jay-Z and Kanye West, “Love the Way You Lie” (2010) with Eminem, “Princess of China” (2012) with Coldplay, “Take Care” (2012) with Drake, and “This Is What You Came For” (2016) with Calvin Harris are some of her other prominent collaborations.
Rihanna has won multiple prizes during her career, including 9 Grammy Awards, 12 Billboard Music Awards, 13 American Music Awards, and 8 People’s Choice Awards.
Is It True That Rihanna Is a Multi-billionaire?
Rihanna’s net worth: a picture search With a fortune of $1.7 billion, Rihanna enters the ranks of Peter Jackson, Melinda French Gates, and the other 233 “new billionaires” on Forbes’ list of the world’s wealthiest people. She is the first person from her home island of Barbados to be included on this prestigious list.
Rihanna’s Net Worth
In August 2021, Rihanna’s Fenty Beauty cosmetics line had a net worth of more than $1 billion. For the first time, Forbes has included the singer-entrepreneur on its annual list of the world’s wealthiest individuals.
Acting and TV Careers
In August 2006, Rihanna made her cinematic debut in “Bring It On: All or Nothing,” in which she appeared as herself. “Styled to Rock” aired in the United Kingdom in 2012, followed by an American version in 2013.
Battleship (2012), Valerian and the City of a Thousand Planets (2017), Oceans 8 (2018), and Guava Island (2018) are some of the other films she has appeared in (2019). “Home,” an animated feature she lent her voice to, was released in 2015, and she also released a concept album soundtrack to accompany it.
Billionaire/Company Empire
Successful business projects and deals have been achieved by Rihanna as a result of her high-profile status. To advertise Samsung’s Galaxy goods, she secured a $25 million deal in 2015. Others include Secret Body Spray, MAC Cosmetics, and Budweiser. Other brands she has worked with include Armani and Dior as well as Cover Girl and Gucci.
In 2014, she was promoted to the position of creative director of Puma’s women’s line, where she was responsible for the release of numerous limited-edition collections. Along with Jay-Z, Madonna, and Kanye West, she is a co-owner of the Tidal music streaming service.
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Fenty Beauty was established by Rihanna and luxury goods company LVMH’s Kendo Brands in September 2017. In the first two months of operation, the brand generated $100 million in sales. The line brought in $570 million in 2018.
A 7X revenue multiple suggests that the brand may be worth $2 – $3 billion in total. Rihanna reportedly controls half of the company, according to reports. Pre-tax, Rihanna’s share is worth between $1 and $1.50.
Philanthropy
Rihanna is one of the world’s most charitable celebrities. She gave $8 million to the coronavirus relief fund in 2020. Her Clara Lionel Foundation has donated more than $2 million to the Los Angeles Domestic Violence Center and $5 million to various non-profits, all in the name of helping others.
Life in the Real World
Rihanna has had several high-profile relationships, including those with Drake and Hassan Jameel (2017 to January 2020). But maybe Chris Brown’s most famous romance was with her. Her ex-boyfriend, Brown, was accused of violently assaulting her in 2009.
Leaked photos of Rihanna’s face displaying obvious injuries later corroborated the reports. After accepting a plea deal, Brown was sentenced to community service and five years of treatment for felony assault and making criminal threats, respectively. It was just for a few months in 2013 that Rihanna and Brown reunited.
Investing in property
The penthouse in Manhattan, New York, where Rihanna lived from 2013 until 2017, was reportedly rented for $50,000 per month by the singer. For $20,000 a month she moved to London, where she rented a house.
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Rihanna paid a whopping $5.545 million for an apartment in Century City, Los Angeles, in October of 2014.
She bought a house in the Hollywood Hills in 2017 and has been living there ever since. When she moved in a year after purchasing the house, there was a terrifying break-in. She put the house on the market for $7.5 million six months later. For now, she is renting it out for $35,000 a month and hasn’t found a buyer yet.