Rihanna Net Worth 2024: Updated Wealth Of The Megastar

Explore the substantial net worth of Rihanna, the global music icon and entrepreneur. Learn about her financial achievements and influential contributions to the music and fashion industries.

BYJake Skudder
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Robyn Rihanna Fenty, known globally as Rihanna, has skyrocketed to billionaire status, but what is her full net worth in 2024? From her early beginnings in Barbados to her current position as a global icon, Rihanna has built an empire that extends far beyond her music career. In this article, we'll delve into how Rihanna achieved her massive net worth, focusing on her successful music, fashion, and beauty ventures.

Rihanna Net Worth

With an estimated net worth of $1.7 billion as of 2024, according to Celebrity Net Worth, Rihanna has tremendous wealth.

Chart-Topping Music Career

LONDON, ENGLAND - NOVEMBER 19: Singer Rihanna performs live on stage as part of her 777 tour at The Forum on November 19, 2012 in London, England. (Photo by Simone Joyner/WireImage)

Rihanna's journey to fame began in 2005 when she was discovered by music producer Evan Rogers, leading to her signing with Def Jam Recordings. Over the years, Rihanna has released eight studio albums, with hits like "Umbrella," "Diamonds," and "Work" topping the charts worldwide. Her music career has earned her numerous awards, including nine Grammys and 14 Billboard Music Awards.

Although her music career is the foundation of her wealth, it only makes up a fraction of her overall net worth. Rihanna's true financial success has come from her various business ventures, which have established her as an influential entrepreneur.

Fenty Beauty: A Revolution In The Cosmetics Industry

BROOKLYN, NY - SEPTEMBER 14: Rihanna attends Fenty Beauty's 1-year anniversary at Sephora inside JCPenney on September 14, 2018 in Brooklyn, New York. (Photo by Kevin Mazur/Getty Images for Fenty Beauty)

In 2017, Rihanna launched her cosmetics brand, Fenty Beauty, in partnership with luxury goods conglomerate LVMH. Fenty Beauty has been a game-changer in the beauty industry, emphasizing inclusivity by offering various shades to cater to diverse skin tones. Further, the brand's success has been monumental, with its reported revenue exceeding $550 million in its first year.

Rihanna's net worth has grown exponentially due to Fenty Beauty's success. The brand has been valued at over $3 billion, with Rihanna owning a 15 percent stake in the company, equating to approximately $450 million of her net worth.

Luxury Fashion With Fenty Maison

NEW YORK, NEW YORK - FEBRUARY 07: Robyn Rihanna Fenty and Linda Fargo celebrate the launch of FENTY at Bergdorf Goodman at Bergdorf Goodman on February 07, 2020 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Bergdorf Goodman)

Building on her success in the beauty industry, she also launched Fenty Maison in 2019, a luxury fashion brand under the LVMH umbrella. The brand further cemented Rihanna's status as a fashion mogul, becoming the first Black woman to lead a luxury fashion house under LVMH. Although Fenty Maison is still relatively new, its impact on Rihanna's net worth is significant and growing.

Savage x Fenty: Lingerie For All

LOS ANGELES, CA - JUNE 28: Recording artist Rihanna attends the 2015 BET Awards at the Microsoft Theater on June 28, 2015 in Los Angeles, California. (Photo by Christopher Polk/BET/Getty Images for BET)

Another major contributor to Rihanna's net worth is her lingerie brand, Savage x Fenty. Launched in 2018, the brand has become a disruptor in the lingerie industry. It promotes body positivity and inclusivity by offering a diverse range of sizes and styles. With multiple funding rounds, including a $115 million investment in 2021, the brand's valuation has soared, increasing her overall net worth.

Rihanna: Philanthropy & Future Ventures

LOS ANGELES, CA - FEBRUARY 13: Singer Rihanna performs onstage during the 2016 MusiCares Person of the Year honoring Lionel Richie at the Los Angeles Convention Center on February 13, 2016 in Los Angeles, California. (Photo by Christopher Polk/Getty Images for NARAS)

Rihanna's wealth also allows her to be an active philanthropist. She founded the Clara Lionel Foundation in 2012, named after her grandparents. This foundation also supports education and healthcare initiatives worldwide. Additionally, she has donated millions to various charitable causes. This includes COVID-19 relief efforts to help those in need during the pandemic.

Conclusion/TLDR

With her ever-growing net worth, Rihanna continues to break barriers and redefine what it means to be a global superstar. Rihanna's financial success is remarkable, from her chart-topping music career to her successful business ventures. As her wealth grows, we can further expect to see more groundbreaking projects. Additionally, we expect her philanthropic efforts to only increase in the coming years.

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About The Author
Jake is the SEO Content Lead for HotNewHipHop. He has more than ten years of experience covering mixed martial arts, pro wrestling, gaming and music across a number of publications, starting at SEScoops in 2012 under the name Jake Jeremy. His work has also been featured on GiveMeSport, Sportskeeda, Pro Sports Extra, Wrestling Headlines, NoobFeed, Wrestlingnewsco and Keen Gamer, again under the name Jake Jeremy. Previously, he worked as the Editor in Chief of 24Wrestling, building the site’s profile with a view to selling the domain, which was accomplished in 2019. As well as his work for HNHH, Jake is also the Editor in Chief for Fight Fans, a combat sports and pro wrestling site that was launched in January 2021 and broke into the millions of pageviews within the first two years. Jake also previously worked for the biggest independent wrestling company in the UK, PROGRESS Wrestling, as PR Head and Head of Media across the company's social channels. Jake's favourite Hip Hop artists are Kendrick Lamar, Public Enemy, The Beastie Boys and Body Count.