Rihanna, the Barbadian singer and entrepreneur, has recently been named the richest female artist on earth. With a net worth of over $1.7 billion, she has surpassed her counterparts such as Madonna, Beyoncé, and Taylor Swift, solidifying her position as both a music icon and a savvy businesswoman.
While Rihanna initially gained fame as a pop star, her rise to becoming the wealthiest female artist is not solely attributed to her music career. The majority of her fortune comes from her highly successful fashion and beauty ventures.
In 2017, Rihanna launched Fenty Beauty, a makeup brand that quickly gained widespread attention and acclaim. The brand’s inclusive approach to beauty, with a wide range of foundation shades for all skin tones, resonated with customers worldwide. Fenty Beauty’s success was unprecedented, with sales reaching $100 million in just its first few weeks. Rihanna’s stake in the company, estimated to be around 50%, contributed significantly to her growing wealth.
Aside from Fenty Beauty, Rihanna also co-owns Savage X Fenty, a lingerie brand that challenges traditional beauty ideals by embracing diversity and body positivity. The brand’s inclusive marketing campaigns and extensive size range have garnered praise from consumers and industry experts alike. Savage X Fenty has further solidified Rihanna’s status as a trailblazing entrepreneur.
In addition to her successful ventures in the beauty and fashion industries, Rihanna’s music career remains a significant contributor to her wealth. With countless chart-topping hits and a loyal fan base, she continues to dominate the music industry. Her entrepreneurial spirit extends to her music as well, with Rihanna creating her own record label, Westbury Road Entertainment, allowing her to have more creative control over her projects and benefit financially from her music’s success.
Rihanna’s ability to diversify her income streams and break barriers in multiple industries has been instrumental in her ascent to becoming the richest female artist. However, her philanthropic efforts should not be overlooked. The singer has been actively involved in various charitable causes, including education, disaster relief, and healthcare. In 2020, she partnered with Twitter CEO Jack Dorsey to donate $4.2 million towards domestic violence support services during the COVID-19 pandemic.
Rihanna’s story is not only inspiring but also serves as a reminder of the power of determination, talent, and entrepreneurship. Her ability to successfully navigate different industries while staying true to her vision has propelled her to unimaginable heights of financial success. As the wealthiest female artist on earth, Rihanna continues to make her mark on both the music and business worlds, solidifying her status as one of the most influential figures of our time.
-
Not every fairy tale wedding is as it seems, and while that can be a tough feat to come to terms with, some of our favourite celebrities have proved it to be all-too-true. Let’s take a look at 5 most shocking celebrity splits, and how they came to be.
FreeWorld Writings 
Leave a comment