As of 2024, Rihanna's net worth is estimated to be a staggering $1.4 billion, making her one of the wealthiest female musicians globally and solidifying her status as one of the youngest self-made female billionaires.
Music Career
Rihanna's introduction to the world came through her debut album "Music of the Sun," and since then, she has released eight studio albums, amassing over 60 million in album sales and 215 million digital track sales.
Her success in the music industry has significantly contributed to her overall wealth, with reports indicating that she earned millions from streaming, sales, and royalties in 2016 alone.
Fenty Beauty and Savage x Fenty
Rihanna's most lucrative venture is Fenty Beauty, a cosmetics company she co-founded in 2017 in partnership with LVMH. Fenty Beauty's revenue doubled in 2022, reaching over $550 million.
The brand is valued at a conservative $2.8 billion, and its success has been attributed to its focus on inclusivity, offering a diverse range of shades and products that cater to all skin tones.
On top of that, Rihanna holds a 50% stake in Fenty Beauty, which accounts for a significant portion of her net worth. Her lingerie line, Savage x Fenty, which she co-owns, achieved a $1 billion valuation in February 2021.
Brand Endorsements and Partnerships
Apart from her entrepreneurial ventures, Rihanna has built her wealth through various brand partnerships and business ventures. She owns a 30% stake in Savage x Fenty, while also co-owning the music-streaming service Tidal with Jay-Z.
Her partnership with Puma as the brand's global ambassador and creative director, along with her successful collaborations with luxury footwear brand Manolo Blahnik and Dior, has added to her financial success.
Investments and Financial Achievements
Rihanna's business acumen extends beyond her entrepreneurial endeavors. She has strategically invested in diverse ventures, such as her part-ownership in the streaming service Tidal and her successful foray into the lucrative beauty industry with Fenty Beauty and Savage x Fenty.
Rihanna's net worth in 2024 is a testament to her multifaceted success as a musician, entrepreneur, and investor.
Her strategic business decisions, coupled with her enduring influence in the music and fashion industries, have propelled her to the ranks of the world's wealthiest female musicians.
As she continues to expand her empire with new ventures and product launches, Rihanna's net worth is poised to further solidify her status as a prominent figure in the entertainment and business world.
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