Rihanna is a billionaire Barbadian singer, actress, and businesswoman with a net worth estimated at $1.4 billion.
The sonorous-voiced beauty burst into the music scene in 2003 and has not looked back. She has achieved great things in the music industry and beyond, ranking as the second-best-selling female music artist of all time and owning a very successful cosmetics brand – Fenty Beauty, and fashion house – Fenty under LVMH, which has made her a billionaire and affords her so much of the finer things of life.
What is Rihanna’s Net Worth and How Does She Make Her Money?
As of this writing, Rihanna is reportedly worth about $1.4 billion. 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 colors 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 and 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.
Rihanna’s income sources include:
- Music sales and performances: Earnings from her albums and concerts have contributed heavily to her overall net worth.
- Fenty Beauty: Rihanna owns 50% of the company, which makes up the bulk of her fortune.
- Acting career: She has appeared in several movies and TV shows, earning income from her roles.
- Collaboration with Manolo Blahnik: Rihanna debuted a high fashion footwear collection with the brand in 2016.
- Endorsements: She has had endorsements with brands such as Vita Coco, Nivea, Armani Jeans, Emporio Armani Underwear, River Island, Puma, Stance socks, MAC, Dior, and Balmain.
- Awards and Nominations: While awards themselves may not directly contribute to her income, they add to her overall marketability and help secure endorsement deals and other opportunities.
List of Rihanna’s Grammy Awards
Best Rap/Sung Collaboration: 2008 — “Umbrella” (feat. Jay-Z), 2010 — “Run This Town” (w/ Jay-Z & Kanye West), 2012 — “All of the Lights” (w/ Kanye West, Kid Cudi & Fergie), 2015 — “The Monster” (w/ Eminem).
Best Rap Song: 2010 — “Run This Town” (w/ Jay-Z & Kanye West).
Best Dance Recording: 2011 — “Only Girl (In the World).”
Best Short Form Music Video: 2013 — “We Found Love” (feat. Calvin Harris).
Best Urban Contemporary Album: 2014.
Best Rap/Sung Performance: 2018 — “Loyalty” (w/ Kendrick Lamar)
Rihanna’s American Music Awards
Favorite Soul/R&B Female Artist: 2007, 2008, 2010, 2013, 2015, 2016, 2018.
Favorite Pop/Rock Female Artist: 2008.
Favorite Soul/R&B Album: 2011, 2012, 2016.
Favorite Song – Soul/R&B: 2016 – “Work” (feat. Drake).
Icon Award: 2013.
Rihanna’s Beauty and Fashion Inc. Awards
Beauty Inc.’s Launch of the Year: 2017 — Fenty Beauty.
Fashion Awards: 2019 Urban Luxe Award — Fenty Beauty.
Vogue Beauty Awards: 2019 Services To Diversity.
