Rihanna made history!
Now the youngest self-made billionaire woman in the U.S. didn’t grow up in a Manhattan high rise or the Hollywood Hills. Instead, Rihanna embarked in her independence and earned her fortune from her own music and entrepreneurial ventures.
Excitingly enough, the 34-year-old singer and Fenty Beauty CEO graced Forbes’ annual list of America’s richest self-made women for the third year in a row.
She ranked 21st overall, and is the list’s only billionaire under age 40.
Some of Rihanna’s $1.4 billion net worth is from her successful music career.
The “Pour It Up” singer, whose full name is Robyn Rihanna Fenty, famed for her music career which catapulted her into icon status within the industry, is making big moves to go down in the history books for her successful accomplishments in business. From shifting away from her Caribbean roots to dropping 2007’s “Good Girl Gone Bad” and leading the charge with the album’s first single, “Umbrella,” to releasing a new top-selling album each year, Rihanna’s billionaire status speaks to an undisputed success in her music career.
Although she hasn’t released any music after 2016’s Anti, the nine-time Grammy Award winner’s creative muse has also triggered various entrepreneurial and philanthropic pursuits. Her innate sense of style—from cutting-edge hairstyles to her “fashion killa” caliber —has earned her over 70 magazine covers
Most of her money is from her three retail companies: Fenty Beauty, Fenty Skin and Savage X Fenty.
In March, Bloomberg reported Savage X Fenty lingerie was working with advisors on an IPO that could potentially be valued at $3 billion; Rihanna owns 30% of that company. She also owns half of Fenty Beauty, which generated $550 million in revenue in 2020. The other half of the company is owned by French luxury fashion conglomerate LVMH.
Every time it was about challenging myself: I have to do better, I have to do better. And what’s next, what’s next? I just started branching out into different creative outlets. That’s what makes me happy,Rihanna told The New York Times Style Magazine.
Back in March, it was reported that Rihanna was talking with advisers on an initial public offering that could value Savage X Fenty lingerie at $3 billion or more. Goldman Sachs Group Inc. and Morgan Stanley were among the banks Savage X Fenty was working with. With 30% company ownership, Rihanna also owns half of Fenty Beauty, which generated $550 million in revenue in 2020. The French luxury fashion conglomerate LVMH owns the other half.
While the racks come in, Rihanna is also navigating motherhood since giving birth to a baby boy earlier in May. She isn’t too focused on reaching financial milestones.
The money means that I can take care of my family. The money means that I can facilitate the businesses that I want to. I can create jobs for other people. My money is not for me; it’s always the thought that I can help someone else or, in the future, for if I have kids. The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.Rihanna
Back in 2012, Rihanna started a philanthropy fund, the Clara Lionel Foundation (CLF). It aims to “support and fund groundbreaking education and climate resilience initiatives,” according to its website.
One of its first initiatives, which launched a year after the foundation began, raised $60 million for women and children affected by HIV/AIDS through sales from the singer’s lipstick line with MAC Cosmetics. And in January, CLF paired up with Twitter co-founder Jack Dorsey’s #SmartSmall initiative to donate a combined $15 million to 18 different climate justice groups.
That money is meant for organizations “focused on and led by women, youth, Black, Indigenous, people of color and LGBTQIA+ communities” in the U.S. and Caribbean, according to CLF’s website.
“At the [CLF], much of the work is rooted in the understanding that climate disasters, which reportedly is growing in frequency and intensity, do not impact all communities equally, with communities of color and island nations facing the brunt of climate change,”
Rihanna said in a January statement.
The next-youngest billionaire on Forbes’ list is 41-year-old Kim Kardashian, who has a net worth of $1.8 billion. Kardashian and her sister Kylie Jenner – who, at age 24, is the youngest non-billionaire on the list, with a net worth of $600 million – have also found success in both entertainment and retail, including their respective makeup lines.
Rihanna Net Worth: $1.4 Billion
Born Robyn Rihanna Fenty in Saint Michael, Barbados, pop superstar Rihanna has crossed genres and topped charts since her 2005 debut “Music of the Sun.” The artist is considered to be one of the best-selling artists of all time, and Forbes has marked the singer a billionaire.
Rihanna’s significant net worth wasn’t earned all in one place. Aside from being a decorated performer, this 2009 Glamour Woman of the Year recipient earned her fortune before she even hit 30 years old.
Forbes reports that the bulk of her $1.4 billion fortune comes from the value of Fenty Beauty, with Rihanna owning 50% of the company. Her income as an entertainer also contributes heavily to her overall net worth.
Rihanna Songs and Albums
Rihanna’s first album, 2005’s “Music of the Sun” catapulted her to stardom. Released by Def Jam Records, the album remained on the charts for 35 weeks, according to Billboard. The following year, she released her sophomore album “A Girl Like Me,” which sold 3 million copies and resulted in a $4 million payday.
She kept the momentum going by releasing “Good Girl Gone Bad” in 2007, which sold 7 million copies and earned her $15 million. RiRi released her fourth album “Rated R” in 2009, which sold 3 million copies and added another $5.5 million to her net worth.
By 2010, Rihanna music had become mainstream and the singer was receiving $410,000 per show for her “Last Girl on Earth” tour. She also released “Loud,” which sold 5.7 million copies and earned her $12 million. Her next hit album “Talk That Talk” debuted in 2011 and sold 5.5 million copies, earning her $10.5 million.
Rihanna released her “Unapologetic” album in 2012, which sold 4 million copies and earned her $6.3 million. By this point she was making $800,000 per performance. Some of the best-selling Rihanna songs of all time include “Love the Way You Lie” — performed with Eminem — “We Found Love” — featuring Calvin Harris — and “Disturbia.”
In 2014, she left Def Jam Records to move to the record label of long-time friend and mentor Jay Z, Roc Nation. She released her first album “Anti” with the new label in January 2016, initially making it only available to stream on Tidal. Sales totaled less than 1,000 during its first week, but the album soon reached the No. 1 spot on iTunes and went platinum.
After two years in development, Rihanna released her Fenty Beauty makeup line in 2017 — and RiRi went big.
Rihanna created Fenty Beauty “so that women everywhere would be included,” according to the brand’s website. The brand launched in 1,600 stores across 17 countries, and excitement for the brand reached a fever pitch on social media when it revealed over 40 varied shades of foundation — many in extremely hard-to-find shades and tones — in line with the artist’s intention to design a makeup brand that caters to all types of women, regardless of skin type, ethnicity or even personal style.
RiRi grew Fenty Beauty into a multinational billion dollar conglomerate — and still owns half. She partnered with LVMH to launch the brand online and in Sephora stores. In its first full calendar year in 2018, the brand brought in more than $550 million in annual revenues, beating out Kylie Jenner, Kim Kardashian and Jessica Alba’s cosmetic lines.
Rihanna’s Personal Life
Throughout the years, Rihanna has been linked to a number of love interests, from San Diego Padres outfielder Matt Kemp to Leonardo DiCaprio, actor-turned-rapper Drake — even Kylie Jenner’s baby daddy Travis Scott. But none of these pairings have been as high-profile as her relationship with Chris Brown.
The pair made their romance public in 2008, but in February 2009, Brown assaulted Rihanna in his car and left her bloody and beaten on the side of a street. The couple broke up and briefly reconciled three years later. During the period when they were back together, Rihanna celebrated her 25th birthday and Brown gifted her a pair of $65,000 Neil Lane chandelier earrings.
Just as she has a penchant for expensive jewelry, Rihanna also enjoys luxury homes. In 2012, she purchased an 11,000-square-foot mansion in Pacific Palisades, Calif., for $12 million. Two years later she put it back on the market for $15 million. The singer has been reportedly owns a $22 million home in Barbados, rents a house in London and has two condos in Los Angeles.
In February 2018, RiRi received flak from religious groups in the African nation of Senegal after she was scheduled to be part of an education conference in the nation with French President Emmanuel Macron. According to reports, nearly two dozen Islamic groups protested her inclusion — stating that they believe she has ties to both the Illuminati and the Freemasons.
Rihanna is currently dating rapper ASAP Rocky, and the two welcomed a baby boy into the world on May 13, per Elle.
Rihanna’s Other Endeavors
Topping the charts and making her name in the music world wasn’t enough for Rihanna. Here are all the different industries in which this multi-talented mogul has made her mark:
Rihanna’s Acting Career
The multitalented Rihanna has also proven she can act. In 2012, she made the transition to the silver screen in “Battleship,” which earned $303 million at the box office worldwide. Other Rihanna movies include “This Is the End,” “Annie,” “Valerian and the City of a Thousand Planets,” and “Ocean’s Eight.”
She’s no stranger to the small screen either, with parts on “Love Thy Neighbor,” “Bates Motel” and “Guava Island.”
Rihanna Collaboration With Manolo Blahnik
In March 2016, Rihanna debuted high fashion footwear for Manolo Blahnik. Denim Desserts — a six-piece collection — appeared in Britain’s Vogue magazine and included thigh-high denim boots, strappy and sequined stilettos, and pointed-toe heels priced between $895 and $3,995.
“This is an incredibly exciting collaboration and I am absolutely thrilled with the results,” said Blahnik. “Working with Rihanna has been amazing, and her drive, passion, creativity and style has been reflected in the designs, with fabulous results.”
Market research company The NDP Group named Rihanna the No. 1 most marketable celebrity in 2016 — great news for the singer, who has a long history of endorsements with many big-name brands.
Rihanna served as the face of a Vita Coco advertising campaign in 2011 and helped the company launch a new flavor of coconut water. That same year, she was signed as the face of skincare company Nivea, but was ultimately fired in 2012 due to her racy image. Instead of letting the Nivea deal get her down, she joined forces with Armani Jeans and Emporio Armani Underwear in 2012 to design her second collection — in addition to serving as the face of the brand for two seasons.
In 2013, she partnered with U.K. fashion retailer River Island to create the Rihanna for River Island collection. The next year, Rihanna signed on as the creative director of Puma and was reportedly paid just over $1 million. She also signed a three-year stint as contributing creative director for Stance socks in 2015.
The “Diamonds” singer has also partnered with MAC and in 2015, the company announced via Twitter that her “Viva Glam” collection sold $50 million worth of products in a one-year period — the highest annual sales a collection for the brand has ever reached.
Also in 2015, the Rihanna Dior “Secret Garden IV” campaign and short film were released, which served as a fitting follow-up to her spring 2014 Balmain campaign.
Rihanna Awards and Nominations
Widely regarded a powerhouse in the music world, Rihanna has also garnered awards in the worlds of fashion and film as well. Here’s an overview of just some of the awards Rihanna has netted:
Rihanna’s American Music Awards
Favorite Soul/R&B Female Artist: 2007, 2008, 2010, 2013, 2015, 2016, 2018.
Favorite Pop/Rock Female Artist: 2008.
Favorite Soul/R&B Album: 2011, 2012, 2016.
Favorite Song – Soul/R&B: 2016 – “Work” (feat. Drake).
Icon Award: 2013.
Rihanna’s Beauty and Fashion Inc. Awards
Beauty Inc.’s Launch of the Year: 2017 — Fenty Beauty.
Fashion Awards: 2019 Urban Luxe Award — Fenty Beauty.
Vogue Beauty Awards: 2019 Services To Diversity.
Rihanna’s Grammy Awards
Best Rap/Sung Collaboration: 2008 — “Umbrella” (feat. Jay-Z), 2010 — “Run This Town” (w/ Jay-Z & Kanye West), 2012 — “All of the Lights” (w/ Kanye West, Kid Cudi & Fergie), 2015 — “The Monster” (w/ Eminem).
Best Rap Song: 2010 — “Run This Town” (w/ Jay-Z & Kanye West).
Best Dance Recording: 2011 — “Only Girl (In the World).”
Best Short Form Music Video: 2013 — “We Found Love” (feat. Calvin Harris).
Best Urban Contemporary Album: 2014.
Best Rap/Sung Performance: 2018 — “Loyalty” (w/ Kendrick Lamar).
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