Rihanna's Net Worth Is Truly Astounding
Earlier this year, Rihanna made headlines when Forbes announced that the multi-hyphenate superstar officially became a billionaire. With a net worth of $1.7 billion, she cleared the hurdle thanks to her beauty venture Fenty Beauty and can proudly proclaim that she's the second-richest female entertainer, taking the silver medal to Oprah Winfrey's gold. And while fans know that she's a badass entrepreneur, here's exactly how she brought home the big bucks, from lip gloss to headlining arena tours.
Fenty Beauty, which Ri co-owns with luxury conglomerate LVMH, is estimated to be worth $1.4 billion. Add a $270 million valuation for her Savage X Fenty lingerie line, and she's got even more money in the bank. Oh, and remember what got Rihanna on everyone's radar in the first place? Her music? That's where it all starts.
Rihanna's last release, 2016's Anti, earned two Grammy nominations and set off a countdown from fans who can't get enough music. In the past few years, fans have rallied around R9, a fabled upcoming release that Ri has teased incessantly without releasing. Rihanna toured consistently since 2006, supporting each of her album releases with international dates, with each tour grossing more and more money, culminating in a $106 million gross for her Anti world tour.
"She is creating a brand outside of herself. It's not just about Rihanna," Shannon Coyne, co-founder of consumer products consultancy Bluestock Advisors, told Forbes. "Even if you don't like her music, she's created a real style in the fashion and beauty space."
While fans love all of her ventures, they aren't shy about it keeping her from releasing R9. And while Ri seems to have the magic touch when it comes to just about everything, Forbes notes that her foray into high fashion didn't quite make it.
Back in 2019, she launched Fenty with LVMH, adding a luxury brand to her portfolio. However, the line didn't survive the COVID-19 pandemic and released its final collection in November 2020.
As for Fenty Beauty, which is sold exclusively online and at Sephora stores, it raked in $550 million in annual revenues in 2018, topping other celebrity beauty brands, like Kylie Cosmetics and Jessica Alba's Honest Company. The brand is marked by its embrace of inclusivity. Its foundation comes in 50 shades, including darker shades for women of color, and reflects that ethos in its advertising campaigns, which showcase women of varying skin tones and sizes. Ri went on to extend the line to Fenty Skin and now, Fenty Beauty is projected to be worth $2.8 billion. With more offerings undoubtedly on the way, the brand is sure to make Rihanna's total net worth grow even more.