- Rihanna’s Clara Lionel Foundation donated $US5 million towards coronavirus relief.
- She grew her net worth from $US210 million to $US600 million in the past year, according to Forbes.
- At the mere age of 32, this makes her the world’s richest female musician. She was also the third highest-paid female singer of 2019.
- While Rihanna is known to spend lavishly on her beauty, fashion, and accessories, her favourite way to spend her fortune is on others.
- Visit Business Insider’s homepage for more stories.
Rihanna’s Clara Lionel Foundation announced in a statement on Saturday that it donated $US5 million to various coronavirus-relief organisations.
“It doesn’t matter who you are or where you’re from, this pandemic will affect us all,” reads the statement. “And for the world’s most vulnerable, the worst may be yet to come.”
Direct Relief, Feeding America, Partners in Health, The World Health Organisation’s COVID-19 Solidarity Response Fund, and the International Rescue Committee were a few of the organisations the foundation donated to.
That level of wealth puts her a long ways from her childhood. “When I was younger, I couldn’t afford everything, but a pair of Timberlands: That was my Dior,” Rihanna told T: The New York TimesStyleMagazine. “And I had to save my money for a whole school year to get those Timberlands that I wanted, and I did it.”
It’s a determined attitude that helped the singer get to where she is today. Her fortune isn’t just from her music – she’s been able to grow it through brand partnerships and her own product lines.
While she’s known to splurge on beauty, fashion, and vacations,Rihanna prioritises spending money on others, whether it’s her family or those in need. She’s heavily involved in charity work and was named Harvard’s humanitarian of the year in 2017.
Below, see how Rihanna earns and spends her fortune.
Rihanna is worth an estimated $US600 million, which she’s earned from a variety of industries. According to Forbes, she is now the world’s wealthiest female musician.
Rihanna’s love for music grew as a child in Barbados, when she reportedly used it to escape from “anxieties of a violent home life.”
She met record producer Evan Rogers in 2003 at age 15 while he was vacationing in Barbados. Two years later, she was signed to Jay-Z’s label, Def Jam. Her debut single “Pon de Replay” was an immediate hit, kicking off her music career.
The singer has earned millions from her tours. Her most prolific, the Diamonds World Tour in 2013, grossed more than $US140 million worldwide.
She also profits from tour sponsorships. Rihanna reportedly signed a $US25 million contract to promote Samsung on her 2016 Anti World Tour.
She’s sold more than 60 million albums and 215 million digital tracks. In 2016, she reportedly earned $US22.3 million from music alone, with $US7.6 million from streaming and $US2.5 million from sales.
Rihanna is also part-owner in the streaming service Tidal, which has sold stakes for millions of dollars.
But music is only part of Rihanna’s fortune. She’s appeared in films such as “Home,” “Annie,” and “Ocean’s 8,” which earned $US41.5 million from its box office opening in 2018.
The entertainment industry is only a portion of the singer’s wealth. Rihanna has also made a name for herself in the fashion and beauty retail space.
Rihanna has also designed collections for brands such as Armani and River Island, and she has a creative partnership with MAC. She’s made deals with several companies, from Dior to Cover Girl.
That’s not to mention her role as creative director for Puma, creating clothing and shoe lines that have done exceptionally well. Rihanna took on the role in 2014.
Rihanna has released 11 fragrances throughout the years. Her debut scent, Reb’l Fleur, brought in an estimated $US80 million in sales.
But Rihanna’s net worth largely comes from her partnership with French luxury-goods giant LVMH. LVMH reportedly owns half of Rihanna’s makeup brand, Fenty Beauty, while Rihanna herself reportedly owns 15% — and it’s worth a reported $US3 billion.
Just 15 months after its September 2017 launch, Fenty Beauty raked in $US570 million in revenue.
In 2019, LVMH and Rihanna launched Fenty, a clothing house with clothes, shoes, accessories, and jewellery.
Rihanna also co-owns the Savage X Fenty lingerie line with online fashion firm TechStyle Fashion, which includes “Xccessories” — a sex toy line.
All three of Rihanna’s Fenty lines helped her earn $US62 million in 2019, making her the third highest paid female singer that year — quite the jump from the seventh spot she held prior.
Source: Business Insider
They also helped the singer grow her net worth from $US210 million in 2018 to $US600 million in 2019, making her one of America’s richest self-made women.
“I never thought I’d make this much money, so a number is not going to stop me from working,” she told T: The New York Times Style Magazine.
Rihanna has dabbled in real estate. She reportedly owns a three-bedroom, four-bathroom apartment at The Century condos in Los Angeles, which she paid $US5.45 million for in 2014.
In 2016, she reportedly spent $US925,000 on a condo on The Wilshire Corridor, known as “the Millionaire Mile,” In Los Angeles.
Source: Yolanda’s Little Black Book
In 2017, Rihanna reportedly paid $US6.8 million for a 7,130-square-foot Hollywood Hills estate, which includes a movie theatre and spa. After a burglary in 2018, she put it on the market for $US7.5 million and then listed it for rent at $US35,000 a month.
The same year, she also purchased a West Hollywood property for $US2.75 million, but put it on the market for $US2.85 million three months later and ended up renting it out for $US16,500 a month. She eventually sold it in early 2018.
Rihanna also rented a lower-Manhattan penthouse, which increased from $US39,000 to $US50,000 a month from 2013 to 2014. In 2018, it was put on the market for $US16.9 million.
In 2019, Rihanna revealed she’s been living in London for a year. She reportedly lives in a seven-bedroom mansion that costs $US20,363 a week to rent.
In 2019 she was reportedly been recording new music in an estate on Osea Island, which costs an estimated $US25,454 to rent a day. It has a gym, cinema, pool, and cottages.
When she’s not working hard, Rihanna is playing hard. She’s been spotted vacationing in Portofino, St. Tropez, Los Cabos, Honolulu, and Barbados, where she’s originally from.
She’s also been known to take yacht vacations. In 2011, she cruised down the French Riviera in a yacht that charters for $US300,000 a week. And in 2014, she chartered a yacht around the Cote d’Azur for two weeks.
Rihanna drops big money on her nights out. In 2013, she reportedly spent $US8,000 in a single night at a Miami strip club, and $US17,000 at a strip club in Houston with rapper Drake.
Rihanna also splurges on her appearance, reportedly spending $US38,000 a week on beauty alone.
That reportedly includes $US2,500 on a personal make-up artist, $US7,600 on a personal dermatologist, and $US4,000 for contour tanning.
But that weekly number could be even higher — one report says Rihanna shells out nearly $US17,834 a week on celebrity hairstylist Ursula Stephen.
Source: The Daily Mail
She also spends on her wardrobe: She’s been seen sporting $US10,000 Saint Laurent boots and $US1,340 Gucci socks.
Rihanna also takes care of her body. She’s had a number of personal trainers over the years, including Harley Pasternak, Dede Lagree, and Jamie Granger.
She also pays for a personal chef, Debbie Solomon, who whips up breakfast, lunch, dinner, and snacks.
Source: Bon Appetit
While Rihanna treats herself, she likes to spend her money on opportunities above anything else. She previously said money helps her take care of her family, facilitate businesses, and create jobs for other people. Rihanna has also given her friends cash for Christmas.
And she focuses a lot on charity work. In September 2018, she donated 100% of proceeds from Fenty Beauty’s Diamond Ball-Out Killawatt Freestyle Highlighter to women and children in need.
Source: Rolling Out
In 2012, she founded the Clara Lionel Foundation to improve education and healthcare for children in impoverished communities. The foundation creates scholarships and hosts fundraising events.
Source: Clara Lionel Foundation
It recently donated $US5 million to various organisations for coronavirus relief efforts amid the pandemic.
Source: Clara Lionel Foundation
Rihanna’s also an ambassador of Barbados, the Global Partnership For Education, and the Global Citizen Project. She spends time travelling and raising money for these roles. In 2017, she spent a week in Malawi as part of an educational trip.
“My money is not for me; it’s always the thought that I can help someone else,” she said.
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