Singer, songwriter, philanthropist, and businesswoman, Rihanna can identify with any of these descriptions. Ever since her first public appearance, in 2005, with the single “Pon de Replay”, the singer from Barbados has been in the media’s attention. We could see the evolution of the star over these years, her transformation from a pop star, loved by teenage girls all over the world, to a successful entrepreneur.
The 34-year-old artist, in addition to numerous collaborations, such as those with the Puma brand and perfumes, was the first woman to create a luxury brand and worked directly with the LVMH group.
What is Rihanna’s net worth?
At the time this article is written, the famous singer Rihanna has a net worth of $1.7 billion, making her the richest female musician in the entire world. A large part of her fortune comes from her partnership with the luxury goods company LVHM, Fenty Beauty Line. This brand generated revenues of $100 million. The Fenty Beauty Line brand is worth $2 to $3 billion and the artist owns 50%. Also, Rihanna owns 30% of Savage X Fenty, which is a lingerie brand worth almost $1 billion.
Rihanna makes anywhere between $40 and $80 million per year from her business empire. For instance, she earned $45 million between June 2019 and June 2020, while between June 2018 and June 2019, she made $65 million.
- Rihanna has more than 100 million followers on Instagram and Twitter
- She is the wealthiest female musician in the world
- She owns 30% of Savage X Fenty lingerie company, that worth $1 billion
- She owns 50% of the Fenty Beauty company, worth $1.5 billion
Childhood and teenage years
Rihanna, whose full name is Robyn Rihanna Fenty, was born in Saint Michael, Barbados, on February 20, 1988, being the daughter of Ronald Fenty (of Irish and West Indian descent) and Monica Fenty (of Guyanese descent). She has two younger brothers Rorrey and Rajad Fenty.
Rihanna studied at the primary school Charles F. Broome Memorial School in Barbados, then at Combermere School, where she formed a musical trio with two colleagues. In 2004 she won the Miss Combermere Beauty Pageant.
In 2003, at the age of 15, Rihanna met her big chance, when one of her friends introduced her to producer Evan Rogers, who was with his wife on vacation in Barbados. Roger, together with his partner Carl Sturken, helped Rihanna to record musical materials in the USA, which she sent to various record companies.
Rihanna suffered severe mental trauma due to her father’s severe addiction to illegal substances and alcohol. This completely ruined their family life. Rihanna suffered such severe headaches that doctors had to perform many series of CT scans. At one point, her parents divorced and since then her life has improved.
Rihanna’s career began in 2005, when she signed a contract with Def Jam Recordings, then led by Jay-Z. In the same year, she released her debut album Music Of The Sun. The album’s single, Pon de Replay, peaked at number two on the Billboard Hot 100.
Rihanna’s second album, A Girl Like Me, was released in April 2006, less than eight months after the first one. The basic track, SOS, was the subject of a financial agreement with Nike. The song became number 1 on the Billboard Hot 100, Hot Digital Songs, and in Australia, and number 2 on the UK chart.
At the beginning of 2007, Rihanna returned to the studio, together with Ne-Yo, Stargate, and Timbaland, to record her third album, Good Girl Gone Bad. The album was released on June 5, 2007. Justin Timberlake collaborated on writing and background vocals from the song Rehab. 5 songs became hits in the charts in different countries, including the very successful song Umbrella, in which Jay-Z also appears.
She currently has over 250 million records sold worldwide for her hits such as Pon de Replay, Umbrella, SOS, Unfaithful, Good Girl Gone Bad, and Don’t Stop.
The song Umbrella has grossed $1.4 billion over her decade-long career.
Acting and television career
In 2006, Rihanna debuted in cinematography, with an episodic guest role in the film “Bring It On: All or Nothing”. She appeared in some other films such as “Guava Island” in 2019, “Battleship” in 2012, “Ocean’s 8” in 2018, and “Valerian and the City of a Thousand Planets” in 2017. Also, in 2015, she voiced the role of Tip in the animated movie “Home”.
In 2012 she launched her television program, Styled to Rock. The American version of the show appeared in 2013.
Awards and recognitions
During her career, Rihanna was awarded with 8 People’s Choice Awards, 9 Grammy Awards, 13 American Music Awards, 12 Billboard Music Awards, and many more.
Most of the Barbadian singer’s money has not been generated from chart-topping singles but from the success of her cosmetics empire. In 2017, the singer Robyn Fenty, known as Rihanna, launched the Fenty Beauty brand in collaboration with the French luxury giant LVMH, which owns half of the company.
Fenty Beauty products, sold online and in Sephora locations (also owned by LVMH), were an instant success. LVMH reported revenues of $570 million in the brand’s first calendar year – 2018. Today, the brand is valued at $2 to $3 billion.
Rihanna also enjoyed success in the underwear industry. Her Savage x Fenty line, created in 2018, attracted $115 million in funding in 2021, being valued at $1 billion.
Rihanna purchased a mansion in Beverly Hills in 2009 for $6.9 million. But due to a great water leakage problem, she put the house on sale in 2011 for only $4.5 million. Finally, she sold the house for $5.03 million in 2012. In 2014 the new owner solved all these problems and sold the house for $7.6 million. Chrissy Teigen and John Legend purchased this mansion in 2016 for $14.1 million. However, they put it on sale in 2021 for $22 million but sold it for $16.8 million.
Between 2013 and 2017, Rihanna lived in a rented penthouse in Manhattan, New York, for which she paid $50,000 per month. After that, she moved to England where she rented a house in West London for $20,000 per month.
In 2014 Rihanna purchased a condo in Los Angeles’s Century City neighborhood for $5.545 million.
In 2017 she purchased a house in the Hollywood Hills, but listed it for sale for $7.5 million after a few months, due to a scary break-in. Eventually, she offered it for rental for $35,000 per month. Finally, she sold the house in 2022 for $6.6 million.
In March 2021 she bought a house in Beverly Hills for $13.8 million and one month later purchased the house next door for $10 million.
Rihanna owns a property in Barbados worth multi-million dollars.
In 2006, when she had started to make a name for herself among the great artists, the singer founded the Believe Foundation, to help terminally ill children. Both the lingerie brand Savage X Fenty and Fenty Beauty financially support the non-profit Clara Lionel Foundation, named after her grandparents. During the pandemic alone, the association donated $5 million to support the fight against COVID-19.
Throughout her life, Rihanna has gone through various incidents. She was involved in a domestic violence scandal with Chris Brown. She and Brown started dating in 2007 and were together for two years before breaking up in February 2009.
She then began a relationship with Drake that lasted from 2009 to 2016.
After breaking up with Drake, she briefly tried to rekindle her romance with Brown in 2013. She was then linked to Saudi businessman Hassan Jameel from 2017 to 2020.
She began dating her current boyfriend, A$AP Rocky in 2021, and in January 2022, they announced that they were expecting their first child together. The two welcomed a baby boy in May 2022. The two have known each other since the early 2010s when they started performing and touring together.
Rihanna is the only woman under 40 to make the annual list of the richest women in the US, according to the Forbes list. Rihanna’s fortune crossed the billion mark in August 2021, when she was also named the highest-paid artist in the entire music industry. Rihanna is also the second highest-paid female entertainer after Oprah Winfrey.