Robyn Rihanna Fenty, who fans around the world know better as Rihanna, may have started out as a singer, but in less than 20 years, she has become a CEO, a businesswoman, and a billionaire.
Rihanna launched her first studio album, titled Music of the Sun, in 2005, when she was just 17 years old. Since then, she has published eight albums, including 14 singles that have reached number one on the Billboard Hot 100 chart.
According to her record label, Roc Nation, she has sold a total of 215 million digital tracks and 60 million digital albums, making her one of the artists with the most successful digital sales of all time.
Rihanna Net Worth
As of February 2023, it is estimated that Rihanna has a net worth of $1.4 billion. This is primarily attributable to the success of her cosmetics firm, Fenty Beauty.
Rihanna became one of the youngest self-made female billionaires in 2022, placing her at No. 21 on Forbes’ list of America’s Richest Self-Made Women and earning her a spot on the list.
Rihanna And Her Fenty Beauty Brand
In recent years, the majority of the singer’s fortune has been created outside of the recording studio. She was born in Barbados. Fenty Beauty, Rihanna’s cosmetics firm, was established in 2017, and she and the French luxury behemoth LVMH are both co-owners of the business.
According to Forbes, Rihanna’s Fenty Beauty took in more than $550 million in revenue in the year 2020. According to the most recent earnings report published by LVMH, Fenty Beauty more than doubled its sales in 2022 as a result of strong product releases and expansion of its distribution network.
Rihanna conceived of Fenty Beauty with the intention of catering to people of varying complexions, and the brand’s products are available in a wide variety of colors.
Many of Fenty Beauty’s products have gained a devoted fan base and have gone viral on TikTok and other social media platforms. Moreover, the superstar’s first scent for Fenty Beauty, which was released in August 2021, was completely sold out within hours of its debut.
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Rihanna’s Brand Partnerships and Businesses
In addition to the success of Fenty Beauty, Rihanna’s numerous brand partnerships and other commercial endeavors have also helped her build her fortune.
According to Bloomberg, Rihanna has a thirty percent stake in the lingerie brand Savage x Fenty, which is estimated to be worth more than three billion dollars. Also, the billionaire is a part owner in the music streaming service known as Tidal, which is run by Jay-Z. In 2014,
Rihanna formed a connection with the sports gear manufacturer Puma that lasted for four years and acted as the global ambassador and creative director for the brand throughout that time. She also released her own collection of footwear and apparel in collaboration with them under the name Fenty x Puma.
Rihanna has participated in other high-profile brand partnerships including a capsule collection with the premium footwear company Manolo Blahnik and her role as the first Black ambassador for the fashion house Dior.
The actress has also appeared in a number of films, including Ocean’s Eight and Guava Island, and she most recently contributed a song to the soundtrack for Black Panther: Wakanda Forever, which was produced by Marvel Studios.
In addition, she was a performer during the Halftime Show for the Super Bowl LVII, which took place on February 12, 2023 in Glendale, Arizona.
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