From pop princess to powerhouse entrepreneur, Rihanna’s journey to billionaire status is nothing short of remarkable. Rihanna’s name has long been synonymous with chart-topping hits and captivating performances. But in 2021, the Barbadian beauty mogul added another impressive title to her resume: billionaire. This wasn’t just a lucky break – it’s the result of strategic ventures, a relentless work ethic, and a talent for defying expectations. In this in-depth look at Rihanna’s 2024 net worth, we’ll explore the key drivers behind her financial success, delving into the specific business ventures and strategic partnerships that have propelled her to become one of the wealthiest celebrities.
Rihanna’s net worth in 2024
According to Forbes’ real-time billionaires list, Rihanna’s net worth is estimated to be around $1.4 million. Her primary sources of income include her highly successful music career, with global album sales, streaming revenue, and sold-out tours contributing significantly to her wealth. Beyond music, Rihanna has made a substantial impact in the fashion and beauty sectors.
Her Fenty Beauty cosmetics line, launched in 2017, revolutionized the industry with its inclusive range of products, generating hundreds of millions in revenue annually. Complementing this is her Savage X Fenty lingerie brand, which has gained acclaim for its emphasis on body positivity and inclusivity, further boosting her financial portfolio. Additionally, Rihanna has expanded her influence into the skincare market with Fenty Skin, and her investments in various businesses and real estate have also contributed to her growing wealth. Continue reading below to learn more about her different sources of income.
Rihanna as a singer
Rihanna is a powerhouse vocalist and global pop icon. Her career launched in 2005 with hits like Pon de Replay and Umbrella. Since then, she’s amassed an impressive musical resume, including eight studio albums with numerous chart-topping hits like Diamonds, We Found Love, and Work. She has had 14 #1 singles on the Billboard Hot 100 chart, making her one of the best-selling music artists of all time.
While exact figures are difficult to pin down, Rihanna’s music income likely falls somewhere between $40 million to $70 million per year. This comes from a combination of factors including:
- Album sales: While digital streaming has changed the game, successful albums still generate revenue. Rihanna has reportedly sold over 60 million albums and 215 million digital tracks worldwide, demonstrating her immense commercial success as a recording artist.
- Streaming services: Though the payout is relatively small per stream, Rihanna earns money from Spotify and Apple Music pay artists based on the number of streams her songs get.
- Touring: Concert tours are a major moneymaker, with revenue generated from ticket sales, merchandise, and sponsorships.
While music is no longer her primary source of income, Rihanna, as of April 2024, was reportedly working on her ninth album, set to be her first since Anti was released in 2016.
Rihanna as an actress
Rihanna has also dabbled in acting throughout her career, showcasing her versatility beyond music. She began her acting career with a cameo in Bring It On: All or Nothing (2006) and gained wider recognition for her roles in Battleship (2012) and the animated film Home (2015), where she voiced the lead character.
Rihanna also starred in Valerian and the City of a Thousand Planets (2017) and Ocean’s 8 (2018), where her performance was well-received. Additionally, she appeared as a recurring character in the television series Bates Motel in 2017.
While her earnings from acting are not as substantial as her music and business ventures, they still contribute significantly to her overall income. Estimates suggest she has made several million dollars from her film and television roles, further cementing her status as a multifaceted entertainment powerhouse.
Rihanna as a businesswoman
Rihanna’s journey to becoming a successful businesswoman began with her keen understanding of the fashion and beauty industries and her desire to create inclusive, innovative products. Leveraging her global fame and personal brand, she launched several highly successful ventures, which are as follows:
Fenty Beauty
In 2017, Rihanna launched her cosmetics company, Fenty Beauty, in partnership with luxury conglomerate LVMH. Fenty Beauty was designed to be inclusive, offering a wide range of foundation shades to cater to diverse skin tones. The brand was an immediate success, generating over $550 million in revenue in 2020 and doubling its revenue in 2022.
Savage X Fenty
Savage X Fenty is Rihanna’s lingerie brand, which she launched in 2018. The brand offers a wide range of lingerie, bras, underwear, sleepwear, and loungewear, with a focus on inclusivity and diversity. Savage X Fenty has been expanding with its own brick-and-mortar stores, with five locations listed on its website currently.
In 2020, Savage X Fenty was named one of the “10 most innovative style companies” by Fast Company. In 2021, Forbes reported that Savage X Fenty was valued at over $1 billion, with Rihanna owning 30% of the company. That means Rihanna’s stake in the $1 billion-valued Savage X Fenty brand is estimated to be worth around $300 million.
Fenty Skin
Fenty Skin is Rihanna’s skincare line, which she launched in 2020. The brand offers a range of products designed to cater to diverse skin types and tones. Fenty Skin is known for its inclusive approach, offering products that are gender-neutral and suitable for various skin conditions.
Although exact figures are not publicly disclosed, Rihanna earns revenue from Fenty Skin through product sales, which contribute to her overall net worth.
Fenty Hair
Fenty Hair is Rihanna’s latest venture, a hair care brand launched in 2024. The brand offers a range of nine products designed to cater to diverse hair types and textures. The products include shampoos, conditioners, treatments, stylers, and a tool, all infused with clinically tested repair technology to ensure strong, healthy hair.
Rihanna earns revenue from Fenty Hair through product sales. The brand’s products are priced between $18 and $36, with a maintenance crew bundle available for $110.
Rihanna as an endorser
Rihanna has had several endorsement deals throughout her career that boosted her net worth. Here are some notable ones:
- Samsung (2015): Rihanna signed a $25 million agreement with Samsung to promote their products. This deal was part of her partnership with the company during her 2016 Anti World Tour.
- Puma (2014): Rihanna became the creative director for Puma in 2014, reportedly earning over $1 million for the role. Her designs for the brand were highly successful, with footwear sales increasing by about 16 percent within six months of her involvement.
- Manolo Blahnik (2016): Rihanna designed three collections for Manolo Blahnik, a luxury shoe brand.
- Stance (2016): Rihanna created bejeweled socks for Stance, a sock company.
- Armani (2013): Rihanna has been a long-time partner with Armani, designing several collections for the brand.
- River Island (2013): Rihanna designed a collection for River Island, a British fashion brand.
- Dior (2014): Rihanna has been a long-time partner with Dior, appearing in several campaigns and designing a collection for the brand.
- Balmain (2014): Rihanna has been a long-time partner with Balmain, appearing in several campaigns and designing a collection for the brand.
- Gucci (2014): Rihanna has been a long-time partner with Gucci, appearing in several campaigns and designing a collection for the brand.
- CoverGirl (2013): Rihanna was a long-time partner with CoverGirl, appearing in several campaigns.
Rihanna as a real estate investor
Rihanna has invested in several properties across the United States and her home country of Barbados. According to Home & Texture, Here are some of the notable properties she has owned or invested in:
- Beverly Crest, CA (2009): Rihanna bought a $6.9 million property in Beverly Crest, CA, but it was plagued with issues. She had to sell it on a short sale and sued the developer for negligence and breach of contract. She lost nearly $2 million on the deal.
- West Hollywood, CA (2015): Rihanna bought a modern Spanish villa for $2.75 million and sold it three months later for $2.85 million, netting a $100,000 profit.
- Century City, CA (2017): Rihanna bought a condo in Century City, CA, after stalkers were discovered on her Century City property. The exact price was undisclosed.
- Beverly Hills, CA (2021): Rihanna bought two properties next to each other in Beverly Hills, CA, for $13.8 million and $10 million, respectively. She combined the properties into one.
- Barbados (2013): Rihanna invested $22 million in a waterfront villa on One Sandy Lane in Barbados, near her birthplace.
These properties contribute to Rihanna’s 2024 net worth, making her a significant player in the real estate market.