Jhe net worth of singer and actress Rihanna is one of the highest in the world of music and entertainment, having under its mattress a quantity of $1.7 billionthanks not only to her artistic career, but also to the success of her cosmetics line which in 2020 generated more than 550 million dollars.
The Barbados-born singer-songwriter is the richest female artist in the world, not only one of the most popular, but also one of the most commercially successful of her career.
Much of his net worth is attributed to the value of his Fenty beauty linea partnership with a luxury goods company Louis Vuitton (LVMH). The brand generates over $100 million in revenue.
According to reports, Rihanna owns 50% of the partnership and the brand worth $2-3 billion. She also owns 30% of a lingerie brand called Wild X Fentywhich is currently worth around $1 billion.
If that wasn’t enough, the singer has a Twitter and Instagram account with over 100 million followers.
Who is Rihanna?
Robyn Rihanna Fenty was born on February 20, 1988 in Saint Michael, Barbados, and is of Afro-Barbadian, Afro-Guyanese, and Irish descent.
She grew up in a complicated home environment due to her father’s alcoholism and crack addiction, turning to music for solace. After being discovered in Barbados by an American record producer Evan Rogershe takes her to the United States where she records demos, and signs with the production company of Rogers and Carl Sturken, Syndicated Rhythm Productions.
After his demo was heard by rapper Sean Carter, also known as Jay Zwho was then CEO of Def Jam Records, Rihanna was asked to audition for him. She immediately signed a six-album recording contract in 2004 and the rest is history.
Rihanna’s business plans
Rihanna has managed to translate her fame into several successful ventures and businesses. In 2015, she signed a $25 million contract with Samsung to promote their Galaxy range of products. Other brands she has worked with include Secret Body Spray, MAC Cosmetics, Budweiser, Armani, Dior, Cover Girl, Gucci, Clinique and River Island.
In 2014, she became creative director for the sports fashion brand Puma, overseeing the brand’s women’s line and launching sold-out apparel and footwear collaborations. She is also a co-owner of the music streaming service Tideas well as other celebrities such as Jay-Z, Madonna and Kanye West.
In September 2017, Rihanna launched a makeup line called Fenty Beauty in partnership with luxury goods maker LVMH. Kendo Marks.
The brand made $100 million in sales in its first two months. In 2018, the line generated $570 million. It’s conceivable that the total brand value is $2-3 billion based on a 7X revenue multiple. Rihanna would own 50% of the brand. At these valuation levels, Rihanna’s stake is worth between $1 and $1.5, pre-tax.
Rihanna is one of the most philanthropic celebrities on the planet. In 2020, she donated $8 million to support a cure for coronavirus. Through her Clara Lionel Foundationshe has donated over $2 million to help victims of abuse in Los Angeles and $5 million to other charities.