How much is Rihanna worth?

As of September 2023, the net worth of Rihana is estimated to be $1.4 billion, as per Forbes.

This makes her the richest female musician in the world and as per 2023 Forbes Richest Self-Made Women List, she is ranked No. 20.

Rihanna is not the only celebrity to use her social media following—she has 152 million Instagram followers and 108.2 million Twitter (Now X) followers—to develop a beauty brand, but she is the most prosperous one. In 2017, Fenty Beauty was introduced with the intention of being inclusive. It is a 50/50 joint venture with the French luxury goods conglomerate LVMH, which is led by Bernard Arnault, the second-richest person in the world.

Its products are available in a wide variety of colors—foundation is available in 50 shades, including darker shades that are more difficult to find for women of color—and are portrayed by an equally wide range of people in its advertisements.

The majority of the remaining money comes from her $270 million stake in the lingerie brand Savage x Fenty and her earnings as a successful actress and musician. The one criticism some of her followers might have of her work as a powerhouse in the fashion and beauty industries? It keeps her occupied. Since 2016's Anti, the singer hasn't put out a new album; previously, she released an album almost every year.

How much money does Rihanna's Fenty Beauty make?

According to LVMH, by 2018, the line had generated more than $550 million in annual sales, outpacing other celebrity-founded companies like Kylie Cosmetics, Kim Kardashian West's KKW Beauty, and Jessica Alba's Honest Co.

"A lot of women felt there were no lines out there that catered to their skin tone. It was light, medium, medium dark, dark," says Shannon Coyne, co-founder of Bluestock Advisors, a consumer products consultancy. "We all know that’s not reality. She was one of the first brands that came out and said, ‘I want to speak to all of those different people."

Despite the pandemic's slowdown in cosmetic sales, the value of the beauty industry has not changed. Larger beauty conglomerates' stock prices have recovered, reaching record highs and trading at impressive multiples of 7.5 (or more) times annual revenues.

Forbes estimates that the value of Fenty Beauty is a conservative $2.8 billion due to the impressive multiples at which the sector is trading. And all indications are that the business will keep expanding. Fenty Skin, which debuted in 2020, is off to a "very promising start" and has "generated unprecedented buzz," according to LVMH's annual report for 2020, and Fenty Beauty has "maintained its appeal as a premier makeup brand."

Rihanna has other billion-dollar businesses besides Fenty Beauty. Savage x Fenty, her lingerie line, raised $115 million in funding in February 2021 at a $1 billion valuation. Blue-chip investors like Bernard Arnault's private equity firm, L. Catterton, and Jay-Z's Marcy Venture Partners are among the company's shareholders. It was founded in 2018 as a joint venture with TechStyle Fashion Group. Forbes claims that Rihanna still holds a 30% ownership stake. According to reports, the most recent round of funding will be used for retail growth and customer acquisition.

Not all of Rihanna's endeavors are successful. In a statement to Forbes in February, LVMH and Rihanna confirmed that their other business, a high-end clothing and accessory label also called Fenty, had been shut down. The pricey line suffered during the pandemic, just like many other luxury fashion labels, and its final collection was released in November 2020.

How did Rihanna’s business career begin?

In January 2011, Reb'l Fleur, Rihanna's debut scent, was made available. Rolling Stone claims that Reb'l Fleur was a commercial success and that by the end of 2011, it would have generated US$80 million in retail sales. Rebelle, Rihanna's second scent, was made available in February 2012. Rihanna debuted Nude, her third fragrance, in November 2012. "Rogue," Rihanna's fourth fragrance for women, was launched on September 14, 2013, and "Rogue Men," a version for men, was launched in 2014.

Rihanna and a number of other musicians were revealed to be co-owners of the music streaming service Tidal on March 30, 2015. High-definition music videos and lossless audio are the service's specialties. In the first quarter of 2015, Jay-Z purchased Aspiro, the parent company of Tidal. Along with Beyoncé and Jay-Z, Tidal is co-owned by sixteen artists, the majority of whom hold a 3% equity stake. These artists include Kanye West, Beyoncé, Madonna, Chris Martin, Nicki Minaj, and others.

"The challenge is to get everyone to respect music again and recognize its value," Jay-Z said of Tidal's launch. It was revealed in 2016 that Rihanna would be using her own label, Westbury Road Entertainment, which was founded in 2005, to release her music. Her Barbados home is located on Westbury Road. The Universal Music Group would handle the distribution of the music.

Fr8me is a beauty and styling firm that Rihanna and Benoit Demouy started in November 2015. The Los Angeles-based company was founded to help artists secure bookings for red-carpet appearances, editorial shoots, commercials, and advertising campaigns. Rihanna stated, "Hair, makeup, and styling play an important role in creativity; I am very involved with that part of my process, so working with this agency was an organic thing for me to do."

How many brands does Rihanna own?

Robyn Rihanna Fenty owns four major brands: Fenty Clothing Line, Fenty Beauty, Fenty Skin, and Savage x Fenty.

Fenty

Launched in May 2019, Fenty is a line of clothing created by Rihanna and distributed by the high-end fashion company LVMH. She was the first person of color to lead an LVMH brand and to develop a unique brand for the company. On May 22, 2019, the house opened a pop-up shop in Paris before going global online on May 29. The house offered apparel, footwear, and accessories. Since 1987, LVMH has not introduced a new line.

Rihanna said in a statement about the launch that she had been given a "unique opportunity to develop a fashion house in the luxury sector, with no artistic limits." The fashion line was hailed as ground-breaking. Due to the COVID-19 pandemic's effects, Rihanna and LVMH made the decision in February 2021 to "put on hold" their Fenty fashion label and focus on expanding their Savage x Fenty lingerie collection instead.

Fenty Beauty

Under LVMH's Kendo Brands, Rihanna debuted her highly regarded cosmetics line, Fenty Beauty, in 2017. According to Forbes, Rihanna owns 50% of the Fenty Beauty company. As part of the $10 million partnership, Rihanna would launch a variety of cosmetics.

On September 8, 2017, the first Fenty Beauty collection went on sale in stores and online. It is now available in more than 150 countries. It received praise for its wide selection of products for all skin tones, which included foundations, highlighters, bronzers, blush compacts, lip glosses, and blotting sheets. In July 2020, Rihanna launched a skin care brand called Fenty Skin.

The breadth of Fenty Beauty's collection was cited by Time magazine as one of "The 25 Best Inventions of 2017." In what is known as the "Fenty Effect," the brand transformed how other cosmetic companies approached diversity in product formulation and marketing.

Savage x Fenty

Savage X Fenty is a lingerie line that Rihanna introduced in 2018. The brand was created as a result of Rihanna's desire to build an inclusive company. Products are available in a variety of sizes and shades to suit all skin tones.

In September 2018, she presented the line at New York Fashion Week. The public has given the company positive feedback for using plus-size models in their advertising, though some fans have complained that there aren't enough plus sizes.