Rihanna is always on the minds of a particular segment of the internet, but with the announcement yesterday that she is having a child with rapper A$AP Rocky, she has returned to the forefront of the conversation in a huge manner.
Given this context, it seems appropriate to reflect on how the lady who was born Robyn Rihanna Fenty in Saint Michel, Barbados, rose to become one of the world’s wealthiest entertainers at the age of 33 and rose to become one of the world’s most famous faces.
How Much Is Rihanna Worth?
Rihanna’s net worth was assessed by Forbes to be $1.7 billion in August, making her the wealthiest female artist in the world and “second only to Oprah Winfrey as the richest female entertainment,” according to the publication.
Conquering the Music World
After releasing her debut album “Music of the Sun” in 2005 and the single “Pon de Replay” for the label Def Jam, which is owned by Universal Music Group (UMGP), Rihanna first gained widespread attention.
Her single “Umbrella,” from the 2007 album “Good Girl Gone Bad,” was nominated for a Grammy, peaked at the top of the Billboard charts, and went seven times platinum in the United States, firmly establishing her as a global pop sensation.
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Between 2009 and 2012, she released an album every year: “Rated R” in 2009, “Loud” in 2010, “Talk That Talk” in 2011, and “Unapologetic” in 2012. Each of these albums, which included singles such as “Rude Boy” and “We Found Love,” went at least double platinum and earned her a Grammy nomination.
Since 2004, Rihanna has sold more than 10 million albums in the United States, according to “Billboard,” and Nielsen SoundScan has recognized her as the country’s best-selling digital artist between 2004 and 2012. Following it came arena tours that were sold out. Having said that, she hasn’t been as concentrated on her musical output since the release of 2016’s “Anti” and the subsequent tour that accompanied it.
Many successful singers have also dabbled in acting. Rihanna has had mixed results in this regard; her 2012 adaptation of the children’s board game Battleship and her 2017 sci-fi film Valerian and the City of a Thousand Planets were both box office disappointments, whereas her 2018 sequel to the Ocean’s franchise “Ocean’s 8” was a critical and commercial success.
She’s also appeared in a number of advertising campaigns throughout the years, including one for Kodak, which she participated in.
How Much Is Fenty Worth?
LVMH (LVMUY), the French luxury fashion firm led by Bernard Arnault, the world’s third-richest person, collaborated with Rihanna to launch Fenty in 2017, resulting in a 50-50 joint venture between the two companies.
Her goal with the company was to be as inclusive as possible and to meet the needs of those who felt left out by other cosmetic brands, which she accomplished. According to Forbes, her foundation is available “in 50 hues, including difficult-to-find deeper tints for women of color — and is modeled in its ads by an equally varied set of people.”
As a result of Rihanna’s celebrity status, social media dominance (she has 101 million followers on Instagram and 102.5 million followers on Twitter, which will be extremely helpful in spreading the word about a new venture), and ability to identify an untapped consumer base, her Fenty Beauty brand was a near-instant success, generating $550 million in annual sales by the following year.
However, despite the impact of the COVID-19 epidemic on the cosmetics business, Fenty Beauty has maintained its position and is now believed to be worth $2.8 billion.
The singer, who has established herself as a serial entrepreneur, also created the Savage x Fenty lingerie collection in 2018 as a joint venture with the internet company TechStyle Fashion Group, which raised $115 million in finance last year at a valuation of $1 billion. It is reported that she owns a 30 percent share of the company.
Additionally, in 2019, Rihanna established a fashion and accessory collection in a number of sizes, which she dubbed Fenty. However, the high-end line failed during the pandemic and was forced to close early the next year. It’s impossible to win them all.
Rihanna’s net worth is derived in part from her ownership of the Fenty beauty brand, which accounts for $1.4 billion. According to Rolling Stone, the remainder of her net worth is estimated to be over $270 million and comes from her music, acting, and lingerie lines.
Aside from that, Rihanna has been kind with her fortune, establishing the Clara Lionel Foundation in 2012 to promote education and disaster relief efforts throughout the world. The Clara Braithwaite Center for Oncology and Nuclear Medicine at Queen Elizabeth Hospital in Barbados was established as a result of Rihanna’s initial commitment of $1.75 million dollars.
When the news of her new billionaire status broke, her fans greeted it as if it were their own. Many pointed out that it was encouraging to see a black woman achieve such success at a time when there are only a handful of black billionaires in the world, and even then, only a handful of them are women.
However, Rihanna’s success may come at a high cost, as she hasn’t published an album since 2016, and the upcoming arrival of her first child, as well as her fashion and lingerie empire, may leave her with little time to spend in the studio.