“Shine bright like a diamond…” is the opening line of Rihanna’s hit single Diamonds and she is truly shining like a diamond in all her endeavors. Since the sonorous voiced Barbados bombshell burst into the music scene in 2003, she has not looked back and has gone on to achieve great things in the music industry and beyond. More so, Rihanna’s insanely huge net worth is a testament to that fact.
The American music star was born Robyn Rihanna Fenty and she is a woman of many talents. Aside from singing, she is also an actress, model, businesswoman, fashion designer and will definitely be remembered for her philanthropic works. She has received several awards in her career including 9 Grammies, 13 American Music Awards, 12 Billboards Music Awards, and several others. Let’s get to know more about how Rihanna made her huge net worth is derived and how she spends her money.
What is Rihanna’s Net Worth and How Does She Make Her Money?
As of this writing, Rihanna is reportedly worth about $600 million. And with this latest revelation, she is undoubtedly the richest female musician/singer on the planet today. She ranks above other wealthy and successful musicians including Madonna, Celine Dion and “Queen B” – Beyonce.
She earns a fortune from her music and acting career, as well as several other business endeavors that she has entered into over the years. Rihanna has made her mark, not just as a very successful singer but she also has a very sound business/investment sense and acumen. She has her hands in many profitable pies and she is reaping great rewards from her investments.
According to reports, she has made well over $ 200 million from her music career and tours alone. Notable among them is the 2013 Diamonds World Tour which raked in about $ 140 million globally. As an award-winning artist, she has sold over 60 million albums worldwide and has had more than 200 million digital paid downloads of her hit tracks. She has diversified into the movie industry and has featured in blockbuster movies such as Battleship, Oceans 8, Valerian and the City of a Thousand Planets and a few others. Through her acting stints, she has earned millions of dollars.
The music star has some endorsement and TV commercial deals with various global brands such as Dior, Samsung, Kodak, Optus, Nivea, Vita Coco, Budweiser, Puma (where she has been a Creative Director since 2014), etc. She has her own record label as well – Westbury Road Entertainment, which helps to release her personal music and they have a distribution arrangement with Universal Music Group.
Rihanna’s foray into the personal care and fashion business has turned out to be a huge money-spinner for her. She teamed up with global sportswear giants, Puma, to create a women’s sports line and their first trainers’ products sold out a few hours before its launch. Rihanna also created the Fenty clothing line which she collaborated with luxury fashion group, LVMH (this was a record-making achievement for her, as she was the first woman to ever do this). The singer was at the New York Fashion Week 2018, where she launched and showcased a Lingerie line she called “Savage X Fenty”. It is believed that most of Rihanna’s net worth comes from her collaboration with LVMH.
What Does She Spend Her Money On?
“Work Hard, Play Hard(er)” is a popular phrase all over the world and Rihanna is extremely hardworking. With her huge net worth, Rihanna also takes time out to spoil herself a little or very silly on some occasions. Personally, she is a very famous celebrity who is known for her beauty and flawless skin and it costs her a fortune to maintain her glowing skin and beauty. She also loves jewelry – especially diamonds (which she even sang about) and fashion accessories and some of the “rocks” she has been spotted donning, set her back by several hundreds of thousands of dollars.
She changes her hair type and color a lot and it is believed that she spends up to $1 million a year maintaining this. The singer spends a lot of money on keeping her personal trainer and chef, who in turn continue to make her look healthy and well-nourished. She has been reported to have spent a total of $8 million on customized automobile purchases and her garage collections include an orange Lamborghini Aventador, Porsche 997 Turbo and 911, Mercedes Benz Maybach 575 and G-wagon, etc.
She has also invested several millions of dollars in real estate purchases, luxurious mansions, including a $7 million mansion in Hollywood and a whopping $22 million to buy a 5 bedroom condo on a resort in Barbados.
Rihanna also spends her fortune for the benefit of others, other than her immediate family members. She founded the Believe Foundation” in 2006 to help and assist terminally ill children. The singer has also organized a series of concerts including A Girl’s Night Out to raise funds for this foundation, largely from the sponsors and advertisements at the concerts while keeping the gate free and open to the public.
Rihanna’s net worth also contributed to establishing another foundation in 2012, the Clara Lionel Foundation (CLF) in memory of her grandparents – Lionel and Clara Braithwaite. This foundation established the Clara Braithwaite Center for Oncology and Nuclear medicine at the Queen Elizabeth Hospital in Barbados and holds a Diamond Ball Charity fundraiser every year. She is also known to have volunteered her talents to perform at several concerts to raise money for other charitable causes. One out of such benefit shows was held at the House Of Blues, where funds were raised to support the Children’s Orthopaedic Center.