You may have already achieved what was proposed when 2019 began, but you certainly have nothing in Rihanna. If we are honest, this is the year that a young Rihanna had been dreaming of when she couldn’t afford a pair of shoes while in high school.
In June, Forbes called Robyn Rihanna Fenty, the richest musician on the planet. How big is that? With a net worth of $ 600 million, RiRi is ahead of Beyoncé, Céline Dion and Madonna, which are worth $ 400 million, $ 450 million and $ 570 million, respectively.
So how did Barbadian, 31, accomplish this feat? Well, as expected, it all started with the music. But like most singers, Rihanna has managed to diversify her income by venturing into business, so much that most of her net worth is not due to her music.
At the beginning of the year, RiRi made history by launching a luxury clothing line, FENTY, with LVMH. Why was this movement of the singer a hot topic in the news? In doing so, Rihanna became the first black woman to launch a clothing line with the French Empire.
With Bernard Arnault of LVMH, RiRi is in good company.
And for you to know, the clothing line was not the first time Rihanna went to bed with LVMH. In fact, so far they have had a relatively long association, with the French co-owner giant of FENTY BEAUTY of Rihanna, a makeup brand that launched in 2017.
The partnership proved to be instantly successful, with FENTY BEAUTY recording sales worth $ 100 million a few weeks after its launch. Naturally, RiRi had been involved in a vigorous online promotion campaign, and with a follow-up of 71 million on Instagram, who would say that word did not come out?
The fact that their products were also available for orders on FentyBeauty.com made it easier for consumers around the world to access them, expanding their potential market. And, without a doubt, his fame obviously had something to do with the huge profit margin he recorded shortly after launching his products.
She must be proud
To tell the truth, Rihanna must look back on her journey and feel proud of herself. How many times has it been clarified how difficult it was to grow? To begin with, his father was an abusive alcoholic, and that is not an environment in which you want your son to grow up.
Rihanna’s mother tried everything she could to protect her from her abusive father.
Nor were they financially well, and the singer told her how she had to save for a whole year to buy a pair of Timberlands. Well, that’s all in the distant past now, since now you can wear any designer attire you design. Now you think fortune can really change, right?
According to Forbes FENTY BEAUTY, it is still strengthening. In 2018, the brand generated revenue worth approximately $ 570 million, and that is good money for a relatively young company, don’t you think?
Now that Fenty’s products are already on the market, we expect Rihanna’s net worth to explode in the coming years. If we go about how well her makeup brand recovered, 15 months should be enough for this new brand to create a life of its own.