Rihanna is officially a billionaire. 🤑
Here's how her game-changing beauty and fashion lines helped her land among the world's wealthiest entrepreneurs. 👇
businessinsider.com/rihanna-busine…
Rihanna grew up around music, but her first big break came in 2003 when she met record producer Evan Rogers while he was on vacation in Barbados.
She's now sold over 60 million albums and won eight Grammy Awards, and has earned millions from her music.
businessinsider.com/rihanna-busine…
Rihanna has also grossed millions from touring.
Her 2013 Diamonds World Tour earned her more than $140 million, and ahead of her 2016 Anti World Tour, she signed a $25 million sponsorship deal with Samsung.
businessinsider.com/rihanna-busine…
Though she's been making hit records since she was 17, most of Rihanna's fortune actually stems from her business ventures — namely, her makeup and skincare brand, Fenty Beauty, and her lingerie line, Savage X Fenty.
businessinsider.com/rihanna-busine…
Rihanna's first foray into business came in 2011 when she released her first fragrance, Reb'l Fleur, which reportedly garnered $80 million in sales in its first year.
She has since released nearly a dozen fragrances, with another on the way.
businessinsider.com/rihanna-busine…
Over the years, she's inked deals with fashion companies like Puma, Armani, Dior, CoverGirl, and MAC.
In 2015, Rihanna also took a stake in music streaming service Tidal, which netted her a reported $9 million when it was sold six years later to Square.
businessinsider.com/rihanna-busine…
But Rihanna's ascendance to mogul status kicked into high gear in 2017, when she launched Fenty Beauty.
The brand's goal from the get-go has been to promote inclusivity in the beauty industry by offering products made for a broad array of skin tones.
businessinsider.com/rihanna-busine…
Rihanna launched Fenty Beauty in partnership with French luxury-goods giant LVMH, which owns half the company.
Rihanna previously owned 15% of Fenty Beauty, but has since upped her stake to 50%, according to Forbes.
businessinsider.com/rihanna-busine…
Shortly after launching her beauty empire, Rihanna introduced another venture: Savage X Fenty, a size- and skin-tone-inclusive lingerie line.
The brand carries lingerie in sizes up to 3X and includes nude color options in a wide range of shades.
businessinsider.com/rihanna-busine…
In 2019, LVMH announced that Rihanna would found her own luxury fashion line, "Fenty," making her the first woman to create her own brand at the luxury house.
But earlier this year, the ready-to-wear line was paused "pending better conditions."
businessinsider.com/rihanna-busine…
Still, those rare missteps seem not to have dented Rihanna's fortune.
At just 33, she's amassed a beauty and fashion empire and built a net worth of $1.7 billion.
businessinsider.com/rihanna-busine…
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