Just recently, Forbes announced that renowned singer, actress and entrepreneur Rihanna is now the world’s wealthiest female musician overtaking the likes of Beyoncé by $400 Million, Céline Dion by $450 Million and even Madonna by a staggering $570 Million. So far, she has accumulated over a $600 Million fortune that mostly comes from her established entrepreneurial activities such as her makeup, lingerie and, quite recently, fashion lines. The high profits gained from both her music and fashion/beauty collections are also attributed to her large following on social media, particularly Instagram where the singer has 71.7 million followers.
Robyn Rihanna Fenty famously known as Rihanna—was born on February 20th, 1988 in Barbados. In the early 2000s, she was discovered by American record-producer Evan Rogers who helped Rihanna get her early start as a singer in U.S. soil by sending out her demos to multiple record labels one in which was Def Jam Recordings. It was there that she caught the attention of Jay-Z and music mogul Antonio “L.A.” Reid who immediately signed her on to Def Jams. Afterwards, the rest is really history, with the singer having currently released 8 studio albums (seven of which are RIAA-certified multi-platinum records), having sold a current total of 250 million records with 14 Billboard number one singles and having gained nine Grammy awards.
Although, in the past three years alone, the Barbadian has proven once again to the world, specifically to the business industry, that she truly is a force to be reckoned with. Having initially collaborated with brands like River Island and Puma, this 2019, she became the first black woman to officially partner up and release her very own fashion line with French luxury goods conglomerate, LVMH. The result: Fenty whose clothes cater to all women across the world since, as Rihanna herself states, “Women are forces of this earth. We are multifaceted, complex, vulnerable yet bulletproof, and Fenty speaks to all of our intricacies.” The fashion line debuted on May 24th, 2019 in Paris with an online release five days later. Rihanna has been said to own at least 15% of the shares within the company, with LVMH owning 50%.
Back in 2017, Rihanna released the first ever makeup collection under her branding Fenty Beauty. The line, featuring an impressive 40-shade foundation range, ultra-popping highlights and a universal lip gloss shade to name a few, took the makeup industry by storm as people mainly praised the line’s primary mission and vision of diversity and inclusivity of women of all races and colors as well as the quality of the products. For its revenue, Forbes estimated the cosmetics company taking in a total of $570 Million alone in just its first year and three months. A year later, in 2018, Rihanna released her first lingerie collection with Savage X Fenty which, again, was warmly praised for its inclusivity as it catered to a wide range of women’s sizes.
With regards to the more business-related things she has been recently pursuing, Rihanna mentions how she does it because it is what she loves, and that money was never a driving force for her to do all these. She adds how inclusivity, quality and affordability are things she wants her products to reflect the most amongst her brand’s consumers especially as she roots her brand company’s foundation to her humble beginning growing up in Barbados.
Well, if there is one thing Rihanna has proven to women all over the world it’s that hardwork and perseverance in line with one’s passion can truly result in the greatest of things even in a still generally male-dominated work force. It may be easier said than done but, honestly, what else is really there to do if a woman wants to make a name for herself than to “work, work, work, work, work, work.”