Rihanna has transitioned from teen popstar to one of the most influential business moguls in the world. The Barbados-born singer, actress, and entrepreneur now has an astounding net worth of $1.4 billion according to Celebrity Net worth, making her the wealthiest female musician on the planet. A large part of her immense fortune stems from her hugely successful cosmetics brand, Fenty Beauty. However, Rihanna has amassed her billion-dollar empire through hard work, business acumen, and constantly reinventing herself over her decades-long career. In this article we talk about Rihanna Net Worth In 2024.
Early Life and Career Beginnings
Robyn Rihanna Fenty was born in Saint Michael Parish on February 20, 1988. She had a turbulent upbringing due to her father’s struggles with addiction and her parents’ dysfunctional marriage. Rihanna turned to music for comfort, and her talent was quickly noticed by American record producer Evan Rogers in 2003. He helped the young artist record some demos to send out to record labels. One of these demos landed on the desk of rap legend Jay-Z, who promptly signed the ambitious teen to his label Def Jam Records.
After releasing some popular singles, Rihanna launched her debut album Music of the Sun in 2005. Her second studio album A Girl like Me was released the next year, garnering more success with hits like “SOS” and “Unfaithful.” However, it was her third album Good Girl Gone Bad in 2007 that catapulted Rihanna to global superstardom. The album contained the monster hit “Umbrella,” which dominated airwaves for months and earned her first Grammy in 2008.
Over the next decade, Rihanna continued releasing chart-topping albums and singles, collaborating with famous artists like Eminem, Jay-Z, Paul McCartney, and Coldplay. She also tentatively stepped into acting, appearing in films like Battleship (2012) and Ocean’s 8 (2018). Rihanna is now one of the top-selling musical artists ever, having moved over 250 million records worldwide.
The Road to $1.4 Billion
In 2017, Rihanna launched the game-changing cosmetics brand Fenty Beauty in an unprecedented partnership deal with luxury powerhouse LVMH. As a woman of color, Rihanna had struggled for years to find makeup products for her skin tone. She created Fenty Beauty to provide inclusive products for people of all races, genders and backgrounds. The brand was an immediate global sensation, reportedly racking up $100 million in sales within weeks. By year’s end, it generated over $500 million in revenue.
Rihanna owns 50% of Fenty Beauty in her partnership with LVMH. She has been intimately involved in every aspect of the brand, from product development to marketing. Her beauty empire is now estimated to be worth a whopping $2.8 billion. At just 36 years old, the pop icon is officially a billionaire.
Aside from her namesake cosmetics company, Rihanna also co-owns the lingerie brand Savage X Fenty. The wildly popular label revolutionized underwear for being sexy, fun and body positive. Like Fenty Beauty, Savage X Fenty is valued at over $1 billion, of which Rihanna has a 30% stake.
Between her music career, acting roles, and ever-growing business assets, Rihanna reportedly earns between $40 to $80 million per year. In the 12 months leading to June 2020 alone, she raked in $46 million. While she may not release albums as frequently these days, her entrepreneurial drive has more than made up for any loss in music revenue.
Rihanna: Pop Culture Trailblazer Rihanna has left an indelible mark on the music and beauty industries. She is praised as a fashion and style icon, endlessly setting trends with her bold sartorial choices. The pop star does not shy away from speaking out on social issues or publicly standing up for communities in need.
In 2012, she founded the nonprofit Clara Lionel Foundation to fund education and emergency response programs around the world.
Rihanna shattered the internet in 2023 with the reveal of her second pregnancy during her headlining Super Bowl halftime performance. The highly watched event smashed viewership records and sparked endless memes about the singer’s game-changing maternity style.
With her Fenty companies continuing their stratospheric rise, Rihanna is still breaking barriers. She is the epitome of turning passion into profit while bringing marginalized communities into the spotlight.
The Self-Made Billionaire Mogul
Rihanna’s journey from teen popstar to self-made billionaire businesswoman is nothing short of remarkable. She has shown incredible drive, vision and acumen to build her Fenty empire into a multibillion-dollar cosmetics powerhouse in just a few short years.
While her music career has undeniably waned over the past decade, her entrepreneurial spirit has more than compensated. Rihanna is now the wealthiest female musician in the world, with an estimated net worth of $1.4 billion.
The bulk of her fortune now comes from her 50% ownership stake in Fenty Beauty. The trailblazing company revolutionized inclusivity in the historically exclusive beauty industry. It elevated Rihanna to the billionaire ranks faster than any other celebrity entrepreneur in history.
Additionally, the pop icon owns 30% of her lingerie label Savage X Fenty. The radically body positive brand is now valued at over $1 billion alone. Rihanna reportedly earns between $40 to $80 million per year from her business assets and entertainment ventures.
Rihanna has transitioned from music icon to global business mogul seamlessly. She represents possibility – that young women of color can rise up, dream big and smash boundaries however they choose. I sincerely hope you find this “Rihanna Net Worth In 2024? How She Built Her Empire?” article helpful.
