A look into Rihanna's billion-dollar empire
Rihanna, a Barbadian singer, actress, and entrepreneur, has built a $1.4 billion empire by 2024. Beyond her music success, she's ventured into Fenty Beauty and Savage x Fenty lingerie, becoming one of the wealthiest female musicians. Her businesses emphasize inclusivity and empowerment, marking her as a global business powerhouse in both the beauty and fashion industries.
The rise of Fenty Beauty
Launched in 2017 in partnership with luxury goods giant LVMH, Fenty Beauty revolutionized the cosmetics industry by offering an inclusive range of makeup for all skin tones. Its success was immediate, doubling its revenue in 2022 alone. Rihanna's stake in this venture significantly contributes to her billion-dollar net worth, showcasing her acumen for identifying and filling gaps within the beauty market.
Savage X Fenty's success story
Another cornerstone of Rihanna's empire is Savage x Fenty, a lingerie brand celebrated for its inclusivity and body positivity. In January 2022, it raised $125 million in funding, highlighting its rapid growth and market acceptance. Holding an estimated 28% stake in the company further bolsters Rihanna's financial portfolio while aligning with her vision of empowering women through fashion.
Music and more
Despite venturing into various business arenas, music remains at the core of Rihanna's career. She headlined the Super Bowl LVII halftime show in 2023 while pregnant with her second child. Known for hits like Umbrella and Diamonds, she is actively working on her ninth album. This project is eagerly awaited by fans worldwide, underscoring her enduring influence in music.
Philanthropy and personal life
Beyond her roles in entertainment and entrepreneurship, Rihanna significantly impacts philanthropy through her Clara Lionel Foundation. Her personal life also captures attention, she and rapper A$AP Rocky have two children. Despite considerable wealth, Rihanna prioritizes family and societal contributions. This balance underscores her dedication to philanthropy and personal endeavors, reflecting a deep commitment to family, charity, and societal welfare.
Fashion icon status
Rihanna is not just a musician or entrepreneur, she is a bona fide fashion icon known for making bold statements on red carpets worldwide. Her appearances at events like the Met Gala have left indelible marks on fashion history—most notably in 2015 when she wore a stunning gown designed by Guo Pei that went viral online.
