On February 20, 1988, Robyn Rihanna Fenty was born in Saint Michael, Barbados. She is of Irish, Afro-Guyanese, and Afro-Barbadian ancestry. Due to her father’s alcoholism and crack cocaine use, she had a difficult upbringing and found refuge in music.
Evan Rogers, an American record producer, discovered her in Barbados, brought her to the country where she recorded demos, and was signed to their production company, Syndicated Rhythm Productions.
What is Rihanna’s Net Worth?
Singer, songwriter, actress, and businesswoman Rihanna was born in Barbados and has a net worth of $1.7 billion. According to her net worth, Rihanna is the wealthiest female musician in the world.
One of the most well-known and financially successful musicians working today is Rihanna. Her partnership with the luxury goods company LVMH to create the Fenty Beauty Line has added significant value to her net worth.
The company brings in well over $100 million annually. It is said that Rihanna owns 50% of the partnership, and the brand is valued between $2 and $3 billion.
She also holds a 30% stake in Savage X Fenty, a lingerie company with an estimated $1 billion in market value.
Rihanna’s burgeoning empire brings in anywhere between $40 and $80 million annually. For instance, she made $65 million between June 2018 and June 2019. Her earnings from June 2019 to June 2020 totaled $45 million.
It has been a frenzy of tours, award shows, talk shows and red carpet appearances, acting jobs, and fashion empires ever since the Barbados-born singer shot to fame in 2005 courtesy of her debut album, “Music of the Sun.”
She has sold 60 million albums and 120 million singles as of right now. She has the most digital music downloads ever. She holds the record for having the #1 songs on the Billboard charts (12) among solo artists before age thirty.
- Is the wealthiest female musician in the world
- Owns 50% off Fenty Beauty
- Fenty Beauty is worth an estimated $1.5 billion
- Rihanna owns 30% of Savage x Fenty lingerie
- Savage x Fenty is worth $1 billion
- Has over 100m followers on Twitter and Instagram
How Many Awards Does Rihanna Have?
Rihanna has won many accolades, including nine Grammy Awards, twelve Billboard Music Awards, thirteen American Music Awards, and eight People’s Choice Awards, among many more.
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Billionaire/Business Empire
Rihanna has successfully tapped into her stardom to launch some lucrative business endeavors. She agreed to a $25 million deal with Samsung in 2015 to advertise their Galaxy line of products.
Secret Body Spray, MAC Cosmetics, Budweiser, Armani, Dior, Cover Girl, Gucci, Clinique, and River Island are just a few of the other companies she has worked with.
After joining Puma as creative director in 2014, she oversaw the company’s women’s line and introduced collaborations for garments and footwear that quickly sold out.
She is a co-owner of Tidal’s music streaming service with other famous people including Jay-Z, Madonna, and Kanye West.
In collaboration with LVMH’s Kendo Brands, Rihanna debuted her Fenty Beauty makeup brand in September 2017. The brand generated $100 million in sales in its first two months.
The line brought in $570 million in 2018. Based on a 7X revenue multiple, the brand’s overall value might be between $2 and $3 billion.
According to rumors, Rihanna owns 50% of the company. The pre-tax value of Rihanna’s investment is $1 to 1.5 at these valuation levels.
In addition to Fenty Beauty, Rihanna shares ownership of the 2018-launched lingerie line Savage X Fenty. Her share of this company is 30%. Savage x Fenty is currently worth $1 billion.
She formerly owned the clothing and accessory company, Fenty. This company was shut down.
Philanthropy
Rihanna frequently ranks among the world’s most charitable celebrities. She made an $8 million donation in 2020 to help with coronavirus alleviation.
She has donated $5 million to other charities and more than $2 million to support abuse victims in Los Angeles through her Clara Lionel Foundation.
How Much Property Did Rihanna Have?
Rihanna spent $6.9 million on a Beverly Hills property in 2009. The gorgeous home had a sleek, modern vibe, plenty of glass, high ceilings, and wood floors, and seemed to be the ideal setting for the 21-year-old singing sensation.
Eight bedrooms and ten bathrooms were featured in the 10,000-square-foot house.
The house appeared to be the ultimate rock star pad thanks to its breathtaking views of the valley below, floor-to-ceiling windows, a large backyard with a pool, a tiled terrace, a magnificent open-plan kitchen with all new fittings, and a media room, among many other opulent luxuries.
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In addition to other problems, the house, unfortunately, had a severe water leakage problem. Rihanna listed the ostensibly abandoned home in 2011 for $4.5 million, a considerable price drop.
She filed a complaint simultaneously, saying she was unaware of the structural issues because she had been told the house was in excellent shape when she bought it.
These issues include a curiously sloped balcony draining any rainwater into the house. She agreed to pay $5.03 million for the house in 2012. The mansion was sold for $7.6 million in 2014 after the subsequent owner fixed the water problems.
John Legend and Chrissy Teigen spent $14.1 million on the property in January 2016. In 2021, they put the house on the market for $22 million but only accepted $16.8 million a few months later. Check out this video tour of the place.
Rihanna reportedly spent $50,000 per month in rent for a penthouse in Manhattan, New York, between 2013 and 2017. She subsequently relocated to England and paid $20,000 monthly to rent a house in West London.
Rihanna spent $5.545 million purchasing an apartment in LA’s Century City area in October 2014.
She purchased a house in the Hollywood Hills in 2017. She experienced a terrifying break-in about a year after buying the home. Six months later, she sold the house for $7.5 million. She soon started renting it out for up to $35,000 per month. In August 2022, she sold this house for $6.6 million.
According to rumors, she also owns a multimillion-dollar home in Barbados.
Rihanna spent $13.8 million on a Beverly Hills residence in March 2021. She purchased the house next door for $10 million a month later.
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