A lady from humble beginnings in Saint Michael, Barbados, Robyn “Rihanna” Fenty is a profitable singer, songwriter, and businesswoman.
Rihanna’s Jaw-Dropping Internet Price: How She Grew to become the World’s Youngest Billionaire
A lady from humble beginnings in Saint Michael, Barbados, Robyn “Rihanna” Fenty is a profitable singer, songwriter, and businesswoman. Beginning her profession as a music artist, Rihanna has began a number of companies and has been a trailblazer within the trend and wonder trade.
Picture Credit score: Shutterstock.
What’s the Internet Price of Rihanna?
Rihanna’s web value is $1.4 billion. This yr (2022) was her third yr on Forbes’ American’s Richest Self-Made Ladies record, the place she ranked quantity 21. She is the youngest billionaire on the record, making historical past for black ladies.
Her excellent web value implies that Rihanna is now the youngest self-made feminine billionaire in America and the wealthiest feminine musician on this planet (the quantity two musician is Madonna – Madonna’s web value is estimated at $850 million).
Rihanna makes ~ $70 million yearly.
Picture Credit score: Shutterstock.
How did Rihanna Make Her Internet Price?
Rihanna obtained her web value by creating a number of income streams and a various monetary portfolio. She has claimed success by being a mogul within the music, magnificence, and trend trade, utilizing her private expertise and inclusive perspective to fill gaps out there.
Picture Credit score: Shutterstock.
Music
Rihanna was first found as a musician by report producer Evan Rogers who signed her to Syndicated Rhythm Productions.
After Jay-Z heard certainly one of Rihanna’s demos, she signed a report cope with Def Jam data in 2004. In 2005, Rihanna launched her debut album, “Music of the Solar.” She launched seven extra albums within the coming years, and her music profession flourished. She obtained 9 Grammy awards, 12 Billboard music awards, 13 America’s music alternative awards, and eight folks’s alternative awards, to call a number of.
Picture Credit score: Shutterstock.
Appearing
Along with being a musician, Rihanna made appearances in movie and tv. Her first position was a cameo in Convey it On: All or Nothing in 2006. She starred in roles akin to Battleship, Oceans 8, Annie, Bates Motel, That is the Finish, and Valerian and the Metropolis of a Thousand Planets.
In 2012, Rihanna starred in her tv sequence, Styled to Rock. The sequence debuted within the UK, adopted by an American model in 2013. She additionally voiced the primary character within the film House and produced the official soundtrack.
Picture Credit score: Shutterstock.
Model Offers
Rihanna leveraged her fame to acquire model offers with many prime designers and firms. She signed with Covergirl in 2007 and was the face of manufacturers akin to Totes Umbrellas, Obtained Milk, and a Gucci assortment. Moreover, she had celeb endorsement adverts for Mac Cosmetics, Budweiser, Armani, Dior, Gucci, Secret, Nike, and Clinique, to call a number of.
In 2014, she served because the inventive director for Puma ladies’s collections, making a collaboration deal rumored to be value $1 million. In 2015, she signed a cope with Samsung to advertise their Galaxy line of merchandise in alternate for $25 million to sponsor her tour and upcoming album on the time, Anti.
Picture Credit score: Shutterstock.
Fenty Magnificence
In September of 2017, Rihanna launched her model Fenty Magnificence. The road is in partnership with LVMH, Louis Vuitton Moët Hennessy, a French luxurious retailer, the place Rihanna owns 50%.
The Fenty Magnificence cosmetics line has gained reward for the vary of shades provided. Being inclusive of darker shades for basis, the model bridged a spot within the beauty trade. Moreover, the model obtained reward for the variety of the fashions utilized in advertising and marketing campaigns, placing Fenty Magnificence on the entrance of the transition to inclusivity within the magnificence trade.
She then created a skincare line, Fenty Pores and skin. Fenty Pores and skin is a gender-neutral, cruelty-free skincare model underneath the umbrella of Fenty Magnificence.
Valued at $2.8 billion, the Fenty Magnificence cosmetics line contributes to most of Rihanna’s $1.7 billion web value.
Picture Credit score: Shutterstock.
Savage X Fenty
After the success of her Fenty Magnificence launch, Rihanna developed and launched a lingerie model in Might 2018. The corporate is valued at $270 million, and he or she has a 30% stake.
Savage x Fenty is an all-inclusive lingerie line with a broad measurement vary to cater to ladies of a number of sizes and shapes. Persevering with the development from Fenty Magnificence, this was one of many first inclusive lingerie manufacturers.
Bloomberg reported that the Savage X Fenty crew was working with Goldman Sachs and Morgan and Stanley to supply the model an preliminary public providing (IPO). Meaning Savage X Fenty can be a publicly traded firm on the inventory market. This IPO might worth the corporate at $3 billion, and Rihanna would personal 30% fairness.
Picture Credit score: Shutterstock.
Fenty Vogue Home
Rihanna additionally launched a trend home with the luxurious trend group LVMH. The style home was based in 2017 and launched in Might 2019. Via this partnership, Rihanna grew to become the primary lady and individual of coloration to collaborate with the LVMH group.
The group agreed to close down the Fenty trend label in 2021, lower than two years after the beginning of manufacturing.
Picture Credit score: Shutterstock.
How Does Rihanna Spend Her Cash?
“Work laborious, play laborious” involves thoughts when contemplating how Rihanna spends her cash. After placing within the work to create a billion-dollar enterprise from the bottom up, how does the youngest feminine billionaire in America spend her fortune?
Picture Credit score: Shutterstock.
Philanthropy
Philanthropy and giving again are an enormous deal to Rihanna. She by no means hesitates to donate cash to a great trigger. She was named humanitarian of the yr by Harvard College in 2017.
Rihanna based the Clara Lionel Basis in 2012 in honor of her grandparents. In 2020 alone, the muse invested over $47 million in direction of psychological well being, combating racial inequality, healthcare and PPE, and schooling initiatives.
Moreover, Rihanna donated $5 million to totally different organizations to assist fund coronavirus aid efforts by the Clara Lionel Basis.
Picture Credit score: Shutterstock.
Houses / Actual Property
Rihanna has owned and rented actual property in California, Barbados, England, and New York. Rihanna rented out an condominium in Chinatown from 2013-2017, and the lease price her $50,000 per thirty days.
She bought a mansion in Hollywood Hills in 2017, costing her $6.8 million. She at the moment rents this property out, incomes her $35,000 per thirty days.
She additionally bought a beach-front property in her residence nation of Barbados, costing her $21.8 million. Most not too long ago (2021), she purchased a house in Beverly Hills, CA, that price her $13.8 million. Just a few months after buying this residence in Beverly Hills, she paid $10 million to purchase the property subsequent door.
Picture Credit score: Shutterstock.
Luxurious Way of life
Being a profitable entrepreneur within the trend and wonder trade, it’s not shocking that Rihanna has good style. Recognized for her model, it’s not uncommon for Rihanna to splurge on the finer issues.
Rihanna is regularly photographed in trend items that come straight from the runway. She was noticed on Instagram in a pair of Saint Laurent glitter boots days after the Paris trend present. The boots price $10,000. For her being pregnant photoshoot, Rihanna wore a custom-made 18K King Midas Rolex, which retails for about $42,000.
Picture Credit score: Shutterstock.
Rihanna’s Automotive Assortment
In keeping with The Solar, Rihanna’s automotive assortment all through her profession has price her $2.3 million consisting of automobiles akin to a $1M SLR McLaren and a $330K Lamborghini Aventador.
Picture Credit score: Unsplash.
Journey and Events
Since her early beginnings in her music profession, Rihanna has spared no expense to let her hair down and social gathering together with her associates. Throwing events on luxurious superyachts and Mediterranean cruises, she pays prime greenback to have a great time.
Along with trend and partying, Rihanna spends her fortune on journey experiences. She has been noticed at luxurious locations in Europe akin to St. Tropez, France, Portofino, Italy, and Amsterdam, Netherlands, to call a number of.
Picture Credit score: Shutterstock.
Rihanna’s Internet Price – Nowhere to Go However Up
There isn’t a doubt that Rihanna put in laborious work to earn her fortune. Her character and inclusive nature have contributed considerably to the success of her companies, creating coloration, measurement, and gender-inclusive manufacturers that set her aside from the others. From humble beginnings within the Caribbean to being a billionaire within the States, Rihanna’s profession embodies the American success story.
RELATED: Ivanka Trump’s Internet Price Will Shock You – How She Earned It Is Even Extra Shocking
Picture Credit score: Shutterstock.
Extra Articles by the Wealth of Geeks Community
This text was produced by Rich Nickel and syndicated by Wealth of Geeks.
Featured Picture Credit score: Shutterstock.
