Robyn Rihanna Fenty, known as Rihanna, is a multi-talented artist who has achieved great success in the music industry. However, her net worth is not solely derived from her music career. Rihanna has ventured into various business ventures, including her successful cosmetics company, Fenty Beauty. As of February 2023, Rihanna’s estimated net worth is $1.4 billion, making her one of the richest female musicians in the world.
Rihanna and Fenty Beauty
In 2017, Rihanna launched Fenty Beauty, a cosmetics company that aimed to be inclusive of all skin tones. The brand quickly gained popularity and success, generating over $550 million in revenue in 2020. Fenty Beauty’s success can be attributed to its diverse range of products and shades, which have resonated with consumers worldwide. Rihanna co-owns Fenty Beauty with French luxury retailer LVMH, and the brand’s success has contributed significantly to her net worth.
Rihanna’s Brand Partnerships and Businesses
In addition to Fenty Beauty, Rihanna has engaged in various brand partnerships and business ventures. She owns a 30% stake in Savage x Fenty, a lingerie line that has raised $115 million in funding and is valued at over $1 billion. Rihanna has also collaborated with athletic apparel company Puma, serving as the brand’s global ambassador and creative director. She has launched her own line of footwear and apparel under the Fenty x Puma brand. Furthermore, Rihanna is a part owner of the music-streaming service Tidal, led by Jay-Z.
Rihanna’s Success in the Entertainment Industry
Rihanna’s success extends beyond her business ventures. She has released eight albums and has achieved 14 number one singles on the Billboard Hot 100 chart. With 60 million albums and 215 million digital tracks sold, Rihanna is one of the best-selling digital artists of all time. She has also ventured into acting, with notable roles in films such as Ocean’s Eight and Guava Island. Rihanna’s talent and versatility have contributed to her overall net worth.
Conclusion
Rihanna’s net worth of $1.4 billion is a testament to her success as a musician, entrepreneur, and businesswoman. Her cosmetics company, Fenty Beauty, has been a major contributor to her wealth, along with her brand partnerships and business ventures. Rihanna’s talent, hard work, and determination have propelled her to become one of the richest female musicians in the world. With her continued success, it is likely that Rihanna’s net worth will continue to grow in the future.