Robyn Rihanna Fenty, known globally as Rihanna, has skyrocketed to billionaire status, but what is her full net worth in 2023? From her early beginnings in Barbados to her current position as a global icon, Rihanna has built an empire that extends far beyond her music career. In this article, we’ll delve into how Rihanna achieved her massive net worth, focusing on her successful music, fashion, and beauty ventures.
Rihanna Net Worth
With an estimated net worth of $1.7 billion as of 2023, according to Celebrity Net Worth, Rihanna has tremendous wealth.
Chart-Topping Music Career
Rihanna’s journey to fame began in 2005 when she was discovered by music producer Evan Rogers, leading to her signing with Def Jam Recordings. Over the years, Rihanna has released eight studio albums, with hits like “Umbrella,” “Diamonds,” and “Work” topping the charts worldwide. Her music career has earned her numerous awards, including nine Grammys and 14 Billboard Music Awards.
Although her music career is the foundation of her wealth, it only makes up a fraction of her overall net worth. Rihanna’s true financial success has come from her various business ventures, which have established her as an influential entrepreneur.
Fenty Beauty: A Revolution In The Cosmetics Industry
In 2017, Rihanna launched her cosmetics brand, Fenty Beauty, in partnership with luxury goods conglomerate LVMH. Fenty Beauty has been a game-changer in the beauty industry, emphasizing inclusivity by offering various shades to cater to diverse skin tones. Further, the brand’s success has been monumental, with its reported revenue exceeding $550 million in its first year.
Rihanna’s net worth has grown exponentially due to Fenty Beauty’s success. The brand has been valued at over $3 billion, with Rihanna owning a 15 percent stake in the company, equating to approximately $450 million of her net worth.
Luxury Fashion With Fenty Maison
Building on her success in the beauty industry, she also launched Fenty Maison in 2019, a luxury fashion brand under the LVMH umbrella. The brand further cemented Rihanna’s status as a fashion mogul, becoming the first Black woman to lead a luxury fashion house under LVMH. Although Fenty Maison is still relatively new, its impact on Rihanna’s net worth is significant and growing.
Savage x Fenty: Lingerie For All
Another major contributor to Rihanna’s net worth is her lingerie brand, Savage x Fenty. Launched in 2018, the brand has become a disruptor in the lingerie industry. It promotes body positivity and inclusivity by offering a diverse range of sizes and styles. With multiple funding rounds, including a $115 million investment in 2021, the brand’s valuation has soared, increasing her overall net worth.
Rihanna: Philanthropy & Future Ventures
Rihanna’s wealth also allows her to be an active philanthropist. She founded the Clara Lionel Foundation in 2012, named after her grandparents. This foundation also supports education and healthcare initiatives worldwide. Additionally, she has donated millions to various charitable causes. This includes COVID-19 relief efforts to help those in need during the pandemic.
Conclusion/TLDR
With her ever-growing net worth, Rihanna continues to break barriers and redefine what it means to be a global superstar. Rihanna’s financial success is remarkable, from her chart-topping music career to her successful business ventures. As her wealth grows, we can further expect to see more groundbreaking projects. Additionally, we expect her philanthropic efforts to only increase in the coming years.