Rihanna Officially became a Billionaire, Nickie Minaj Congratulations

Helen Dunmore
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How much is Rihanna worth?

Because of her Fenty wealth, the singer’s net worth is explored as she officially becomes a billionaire. Barbados singer and actress Rihanna has officially declared a billionaire on August 4, 2021, as Forbes stated in her wealth profile.
According to the magazine’s estimates, she has collected a series of hits since the early 2000s and is now worth $1.7 billion. Rihanna’s music is not the only reason for her wealth. She founded Fenty Beauty in 2017 and is one of the richest female musicians in the world. Forbes said she ranked second after Oprah Winfrey.

  • Approximately $1.4 billion of the singer’s wealth comes from her cosmetics line. She is the owner of 50{7d6bb1f761e691f027164c9fe6d1ebbc4659a250013ce39dc45a15ede39dbac5} of the company and holds shares in her underwear company Savage X Fenty.
  • Rihanna is paid extra for her music and acting credits. Fenty Beauty is a joint venture with the French luxury goods group LVMH 50-50. It has a variety of products in different colors, offering nearly 50 shades, including the rarest shades.
    These products have received a positive response from the public, and the company’s annual revenue is nearly 550 million U.S. dollars.
  • Savage X Fenty raised approximately US$115 million at a valuation of US$1 billion. As Forbes said, the company was established in 2018 and Rihanna owns 30{7d6bb1f761e691f027164c9fe6d1ebbc4659a250013ce39dc45a15ede39dbac5} of the shares.

Read Also: The secret behind becoming Reese Witherspoon the richest actress

Rihanna’s net worth

Rihanna is alone of the most well-known and victorious music artists. Her net worth is approximately US$550 million.
A large part of her net worth can be attributed to the value of Fenty Beauty. In 2015, she signed a $25 million contract with Samsung to promote their Galaxy product lineup.

Since its launch in 2017, Fenty Beauty has generated US$550 million in revenue, and the total value of the brand may be between US$150 and US$2 billion.
Rihanna owns 15{7d6bb1f761e691f027164c9fe6d1ebbc4659a250013ce39dc45a15ede39dbac5}, and her shares are valued at US$22.5 to US$300 million, including taxes, worth US$11.2-150 million.
If her $200 million fortune is included in her records, endorsements, and concert sales, then the 33-year-old’s net worth is $350 million. Rihanna spent US$5.545 million to purchase an apartment near Los Angeles Century City. She also bought a house in Hollywood Hills in 2017.

Nickie Minaj congratulates Rihanna on her success.

After breaking in a year later:

She was listed for sale for $7.5 million. According to reports, she owns multi-million dollar real estate in Barbados and paid $13.8 million to buy a house in Beverly Hills in March 2021.

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About Post Author

Helen Dunmore

Hey, I'm Helen Dunmore an article writer from London Ontario, Canada. I had done a master's in mass communication and M.Phill in political science and attended many College Journalism Broadcast programs where I wrote and won. I previously had attended Humber College for media studies which included writing for television and news. I have written several publications for many news related websites. Have experience more than 7 years, yeah quite a lot for you. I love writing, an expert in article writing. Currently doing article writing for many blog posts and work as an author for many web sites. Reading is my hobby, love books more than anything in my life.

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