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If you are familiar with Fenty Beauty, no doubt you know Robyn Rihanna Fenty, popularly known simply as Rihanna. This self-made billionaire is a musician and pop culture icon from Barbados. Also, the 34-year-old is a mother of 1. However, what exactly is her net worth? How did she make her fortune? How does she spend her money? Please read on to get the answers to these and much more.
What is Rihanna’s Net Worth?
According to Forbes, Rihanna’s net worth of $1.4 billion as of 2022. She recently joined the billionaires’ list, making her the youngest self-made billionaire woman in the United States. Forbes ranked her on this list in August.
Notably, with the increasing success of Fenty Beauty, you can expect Rihanna’s net worth to keep soaring.
How Did Rihanna Earn Her Net Worth?
These are some of the ways through which this female musician obtained her wealth;
- Fenty Beauty
This cosmetic line, launched in 2017, is the primary source of Rihanna’s current net worth. Thanks to this cosmetic line, Rihanna is now the wealthiest female musician globally.
Most of her wealth is from the value of Fenty Beauty, which she owns 50% and aims at inclusivity, providing a range of colors for a variety of users with different skin tones. What’s more, Rihanna is heavy on building her social media presence. Her millions of followers on Instagram and Twitter have helped make this beauty brand.
According to Forbes, Fenty Beauty is estimated to be worth $2.8 billion and has excellent growth potential.
Rihanna entered this field in 2005. Her major profits from her tours were in 2010 when she promoted Rated R, her 4th studio album, which grossed $40 million. Her 2013 tour earned her $140 million.
Unfortunately, this is not the sector that has made her so wealthy. The bulk of what she is worth is derived from Fenty Beauty. However, this does not mean she hasn’t made money through her singing. She has some good earnings from music. Billboard reports that in 2016, she earned 2.5 million from sales, $7.6 million from streaming, and $10.1 million in royalties.
Notably, Rihanna hasn’t delivered to her music fans recently. As much as she is growing into a splendid fashion and beauty mogul, her music fans are expressing complaints. Her last album release was in 2016. This was unlike before when she used to release new almost yearly.
The good thing is that if you probably don’t love her music, you may enjoy her fashion and beauty products. Besides, these other great projects are bringing her some good profits.
- Other Stakes
Besides owning half of Fenty Beauty, Rihanna has stakes in other brands, e.g., a lingerie company, Savage x Fenty. This company is estimated to be worth $270 million. Rihanna has a 30% ownership stake in this lingerie line. This lingerie line is currently worth $1 billion.
- Clothing and Shoe Line
This is another of Rihanna’s income streams. She has worked with Puma. However, since 2018, she hasn’t released any collection with them.
The film industry has also experienced a share of what Rihanna offers. She ventured into this field in 2006. Some of the films and television programs in which she has featured include; Bring It On: All or Nothing (2006), Battleship (2012), Home (2015), Annie, Ocean’s 8 (2018), and Guava Island (2019).
Unfortunately, estimating the amount she has earned from her roles in the films. However, Ocean’s 8 is reported to have made her $41.5 million.
- Endorsement Deals
Rihanna has made some profits from endorsing brands. For instance, she has designed collections for Armani and River Island brands. Additionally, she has partnered with brands like MAC Cosmetics, Dior, Gucci, Louis Vuitton, Balmain, Manolo Blahnik, and CoverGirl. Her promotions include the 2015 contract worth $25 million she signed to promote Samsung galaxy products. Therefore, her deals with different brands have undoubtedly earned her money over the years.
How Does Rihanna Spend Her Money?
Ever wondered how Rihanna sends her billion-dollar fortune? Her money goes into the following avenues;
- Real Estate
Rihanna has spent money purchasing homes and property. It is reported that between 2013 and 2017, she rented a penthouse in Manhattan, where she paid a monthly rent of $50,000, and later went to England and rented a home for $20,000 monthly.
Later in October 2014, it was reported that she bought a condo in Los Angeles for $5.45 million. Besides, her purchase of the Hollywood Hills Home was in 2017. However, she later listed it for sale.
This new and young billionaire bought a home worth $13.8 million in Beverly Hills in March last year. The Barbados native is also reported to be an owner of a multi-million-dollar property in Barbados.
Rihanna is one of the celebrities with a thing for philanthropy. For instance, in 2020, she donated $8 million for coronavirus relief. What’s more, she has a foundation, Clara Lionel, through which she has given over $2 million to aid abuse victims. Moreover, she has donated $5 million to other charity organizations.
Therefore, a good amount of her money is channeled towards giving back to society.
- Her Expensive Lifestyle
This richest female musician knows how to live life to the fullest with her fortune. Hers is an affluent lifestyle, from her wardrobe and accessories to healthy living. Some brands she’s been spotted in include Dior, Adam Selman, Stella McCartney, and Rolex. Moreover, this celebrity spends around $1 million annually on her hair, nails, and other beauty treats.
On healthy living, Rihanna spends around $800 weekly for nutritious meals and $1,500 on training for her good looks.
- Luxury Cars and Locations
Rihanna has a fleet of luxury cars, e.g., Lamborghini, Mercedes SLR McLaren, and Maybach.
Additionally, this celebrity is not scared to spend her money on yachts in expensive locations with friends.
Rihanna has recently entered the billionaires league. Her net worth stands at $1.4 billion as of 2022. However, with the continuing success of Fenty Beauty, this figure may increase in the coming years. Other than her cosmetic line, she has earned her fortune from music, acting, sponsorships, and owning stakes. On the other hand, her money goes to her lavish lifestyle, luxury cars, real estate, and philanthropy.