Rihanna's Billion-Dollar Business Empire Unveiled

The Wall Street Journal
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Rihanna, one of the world's most renowned musicians, transitioned into an entrepreneurial powerhouse. As of March 2023, her estimated worth stands at $1.4 billion, primarily from her extensive business empire. Beginning her music career in 2005, she has sold an impressive 60 million albums and 215 million digital tracks globally, solidifying her status as the top-selling digital artist of all time. Not just a singer, Rihanna's foray into business started over a decade ago with multiple fragrance launches and key brand partnerships, including a significant role as Puma's creative director for women's products. This partnership led to a considerable spike in Puma's sales, showcasing her impact. Her main source of income, according to Forbes, is her 50% stake in Fenty Beauty, launched in collaboration with LVMH in 2017. This makeup line was revolutionary, offering a foundation in 40 shades right from the start and generating an astounding $570 million in its first year. Despite Fenty's fashion line facing challenges, Rihanna's continuous innovation, including her skincare line and Savage X Fenty lingerie brand, has propelled her wealth. As of mid-2021, Savage X Fenty was valued at $270 million. Through these ventures, even without new music since 2016, Rihanna has accumulated significant wealth, illustrating her extraordinary business acumen.
Highlights
  • • Rihanna is worth an estimated $1.4 billion as of March 2023.
  • • She began her music career in 2005, selling 60 million albums.
  • • Rihanna is the top-selling digital artist with 215 million tracks.
  • • Puma's sales increased significantly during her tenure as creative director.
  • • Fenty Beauty, launched in 2017, showcases 40 foundation shades.
  • • First-year sales for Fenty Beauty reached around $570 million.
  • • Rihanna's skincare line, Fenty Skin, debuted in 2020.
  • • Savage X Fenty was launched in 2018, focusing on body positivity.
  • • As of mid-2021, Savage X Fenty was estimated at $270 million.
  • • Rihanna continues to thrive as an entrepreneur despite no new music.
* dvch2000 helped DAVEN to generate this content on 09/29/2024 .

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