Rihanna is in the news again, but this time not because of a chart-topping song. Police said the pop star’s home in Beverly Hills was subject to gunfire. The suspect has already been located and taken into custody, although no one was injured in the incident.However, this latest ordeal has brought the music icon and business mogul back into the limelight. Born Robyn Rihanna Fenty in Barbados, Rihanna rose to fame as a pop star, but she didn’t stop there. She has transformed herself into one of the most powerful businesswomen in entertainment, dipping her toes into beauty, fashion, music, and so much more.
Gunfire erupts outside Rihanna’s Beverly Hills home, and cops arrest a woman
At present, according to Forbes estimates, Rihanna’s net worth is around $1.4 billion US dollars.
This makes her among the richest musicians on earth and makes her one of the best self-made women in entertainment.
Fenty Beauty : Billion dollar engine
Most of Rihanna’s wealth is said to come from Fenty Beauty, her cosmetics brand that she launched in 2017 with LVMH. Rihanna made sure that her makeup line includes many shades of foundation, so that people of all skin tones can finally find what suits them. It was a wake-up call for the entire industry, and other brands were quick to catch up.
Fenty Beauty exploded almost overnight. Reports say the brand is now worth around $2.8 billion, and Rihanna has about 50% ownership. This is a large part of her wealth. In just the first few years, Fenty Beauty generated hundreds of millions in revenue.
Fashion merchandising
Rihanna did not stop at beauty and makeup only. In 2018, she launched Savage X Fenty, a lingerie line all about body positivity and true inclusivity. According to Forbes, the company has quickly become a big name in the fashion world and is valued at approximately US$1 billion, with Rihanna owning approximately 30%.
Music, touring and entertainment profits
Even though it’s been almost a decade without Rihanna’s music, as she hasn’t released a new album since her “Anti” album in 2016, her music is still making big money. According to Investopedia, she has sold over 250 million records worldwide: one of the best-selling artists of all time. Broadcasting, licensing and royalties keep the cash flowing. It is estimated that her catalog alone contributes approximately US$200 million to her overall wealth.It has also attracted millions from global tours, endorsements and major partnerships with brands like Puma and high-end fashion houses. Her Super Bowl Halftime performance in 2023 and her work on movie and film soundtracks add more to her entertainment earnings.
Approvals, partnerships and investments
On top of Rihanna’s own earnings, she has built multiple income streams through partnerships and strategic investments. For example, Fenty has collaborated with Puma.
According to Forbes, she also has an ownership stake in music streaming platform Tidal. Combined, the endorsements and partnerships are estimated to add approximately US$150 million or more to her wealth over time.
Real estate and assets
Like most celebrities of her caliber, Rihanna has invested in some significant real estate. Her homes in Los Angeles, Beverly Hills, and Barbados are worth millions, adding more to her wealth. According to Global Business, their real estate holdings are valued at more than $100 million collectively.
