Stellar Snippets
Barbadian singer Rihanna is worth a whopping $1.4 billion as of 2023, according to a Forbes estimate. But how did she get there?
Rihanna made $7.6 million from streaming, $2.5 million from sales, and $10.1 million in royalties in 2016.
Rihanna is an entrepreneur, actor, fashion designer, Super Bowl performer, and Fenty Beauty owner. She was named the richest female musician in 2019.
Founded in 2017, the 2.8 billion cosmetic company Fenty Beauty brought in an annual revenue of $550 million in its first year.
Half of Rihanna's net worth comes from her 50% ownership of Fenty Beauty, leading her to become the youngest self-made female billionaire in 2022.
Rihanna also launched the lingerie line Savage x Fenty in May 2018 which is known for its inclusive sizing and an Emmy award-winning fashion show.
Valued at $1 billion, Rihanna holds a 30% stake in it. She also has lucrative partnerships with brands like Samsung Galaxy, Budweiser, and River Island.
The 16-time chart-topping singer has also been the creative directing at Puma since 2014, which has come with much success.