Rihanna is the richest female musician in the world according to her net worth. One of the most well-known and financially successful musicians working today is Rihanna. Her association with the luxury goods giant LVMH to create the Fenty Beauty Line has added significant value to her net worth. The company brings in well over $100 million annually.
Rihanna Early Years: A Look At Her Childhood
Robyn On February 20, 1988, in Saint Michael, Barbados, Rihanna Fenty was born. She is of Irish, Afro-Guyanese, and Afro-Barbadian ancestry. Due to her father’s alcoholism and crack cocaine use, she had a difficult upbringing and found refuge in music.
Evan Rogers, an American record producer, spotted her in Barbados and took her to the country where she recorded demos and was signed to their production firm, Syndicated Rhythm Productions.
Rihanna Music Career: How She Became the Richest Musician in the World?
Rihanna was asked to audition for rapper Sean Carter, aka Jay-Z, who was the CEO of Def Jam Records at the time after he heard her demo. In 2004, she was instantly given a record deal for six albums.
Jay-Z was one of a group of producers she worked with to create her debut studio album, “Music of the Sun” (Aug. 2005). This was swiftly followed by “A Girl Like Me,” Rihanna’s first album to receive a platinum certification from the RIAA (April 2006). The lead song from the 2007 album “Good Girl Gone Bad,” “Umbrella,” sold more than 8 million copies globally and earned her and Jay-Z the Grammy Award for Best Rap/Sung Collaboration in 2008.
“Rated R” (2009), “Loud” (2010), “Talk That Talk” (2011), “Unapologetic” (2012), and “Anti” are some of her latter albums (2016). The other prominent tracks she has worked on with other artists are “Take Care” (2012) with Drake, “Take This Town” (2016) with Calvin Harris, “Love the Way You Lie” (2010) with Eminem, “Princess of China” (2012) with Coldplay, and “This Is What You Came For” (2016) with Calvin Harris.
Rihanna Net Worth: How Much Does She Earn Yearly?
According to celebritynetworth , Rihanna will have a net worth of $1.7 billion as of October 2022, making her the richest female musician in the world and the youngest self-made wealthy woman in America. She Earns $70 Million Per year. Barbadian singer, songwriter, and actress Rihanna.
One of the most successful musicians of all time, she has received numerous honours throughout the years, including the GAFFA Awards, BRIT Awards, Bravo Otto Awards, Billboard Music Awards, Grammy Awards, etc. Her studio albums achieved widespread platinum sales..
When Did Rihanna Pursue Acting and Television?
The movie “Bring It On: All or Nothing” from August 2006 included Rihanna in a cameo as herself. Her television show “Styled to Rock” debuted in the UK in 2012, while the American version of the programme debuted in 2013.
Battleship (2012), Valerian and the City of a Thousand Planets (2017), Ocean’s 8 (2018), and Guava Island are some of the other movies she has appeared in (2019). In addition, she provided the voice of Tip in the animated movie “Home” in 2015, along with a concept album soundtrack.
Rihanna’s Business Empire: How Much Does She Earn From Business?
Rihanna has successfully tapped into her stardom to launch a number of lucrative business endeavors. She agreed to a $25 million deal with Samsung in 2015 to advertise their Galaxy line of products. Secret Body Spray, MAC Cosmetics, Budweiser, Armani, Dior, Cover Girl, Gucci, Clinique, and River Island are just a few of the other companies she has worked with.
After joining Puma as creative director in 2014, she oversaw the company’s women’s line and introduced collaborations for garments and footwear that quickly sold out. Along with other famous people including Jay-Z, Madonna, and Kanye West, she is also a co-owner of the music streaming service Tidal.
In collaboration with LVMH’s Kendo Brands, Rihanna debuted her Fenty Beauty makeup brand in September 2017. In its first two months, the brand generated $100 million in sales. The line brought in $570 million in 2018. Based on a 7X revenue multiple, the brand’s overall value might be between $2 and $3 billion. According to rumours, Rihanna owns 50% of the company. The pre-tax value of Rihanna’s investment is $1 to 1.5 at these valuation levels.
In addition to Fenty Beauty, Rihanna also shares ownership of the 2018-launched lingerie line Savage X Fenty. Her share of this company is 30%. Savage x Fenty is currently worth $1 billion. She formerly owned the clothing and accessory company Fenty. This company was shut down.
Rihanna as a Charitable Celebrities
Rihanna frequently ranks among the world’s most charitable celebrities. She made a $8 million donation in 2020 to help with coronavirus alleviation. She has donated $5 million to other charities and more than $2 million to support abuse victims in Los Angeles through her Clara Lionel Foundation.
Rihanna Personal Life: Is She Married or Not?
Rihanna has dated a number of high-profile men, including Saudi businessman Hassan Jameel and artist Drake (on and off from 2009 to 2016). (2017 to January 2020). She did, however, have a notable connection with the artist Chris Brown. Rihanna’s alleged physical abuse by her ex-boyfriend Brown was made public in 2009.
Later, leaked images of Rihanna with apparent facial injuries corroborated those reports. Brown was charged with felony assault and making criminal threats; after accepting a plea agreement, he was sentenced to community service and five years of treatment. In 2013, Rihanna and Brown had a brief comeback.
Rihanna Real Estate: How Much Has She Spent on Her Houses?
Rihanna spent $6.9 million on a Beverly Hills property in 2009. The gorgeous home had a sleek, modern vibe, plenty of glass, high ceilings, and wood floors, and seemed to be the ideal setting for the 21-year-old singing sensation. Eight bedrooms and ten bathrooms were featured in the 10,000-square-foot house.
The house appeared to be the ultimate rock star pad thanks to its breathtaking views of the valley below, floor-to-ceiling windows, a large backyard with a pool, a tiled terrace, a magnificent open-plan kitchen with all new fittings, and a media room, among many other opulent luxuries. In addition to other problems, the house, unfortunately, had a serious water leakage problem.
Rihanna listed the ostensibly abandoned home in 2011 for $4.5 million, a considerable price drop. She also filed a complaint at the same time, saying she was unaware of the structural issues because she had been told the house was in outstanding shape when she bought it. These issues include a curiously sloped balcony that essentially drains any rainwater into the house. She agreed to pay $5.03 million for the house in 2012.
The mansion was sold for $7.6 million in 2014 after the subsequent owner fixed the water problems. John Legend and Chrissy Teigen spent $14.1 million for the property in January 2016. In 2021, they put the house on the market for $22 million, but only accepted $16.8 million a few months later. This home’s video tour is provided here:
Rihanna reportedly spent $50,000 per month in rent for a penthouse in Manhattan, New York, between 2013 and 2017. She subsequently relocated to England and paid $20,000 a month to rent a house in West London. Rihanna spent $5.545 million purchasing an apartment in LA’s Century City area in October 2014.
She purchased a house in the Hollywood Hills in 2017. She experienced a terrifying break-in about a year after purchasing the home. She put the house on the market for $7.5 million six months later. She soon started renting it out for up to $35,000 per month. In August 2022, she sold this house for $6.6 million.
According to rumors, she also owns a multimillion-dollar home in Barbados. Rihanna spent $13.8 million on a Beverly Hills residence in March 2021. She purchased the house next door for $10 million a month later.
Rihanna has established herself as one of the most successful singers in the world, and she is continuing to broaden the scope of her business.
Rihanna is regarded as one of the wealthiest musicians of all time, with a net worth that is predicted to be $1.7 billion as of the month of October 2022.