Rihanna: A True Self-Made Billionaire Success Story

Rihanna: A True Self-Made Billionaire Success Story


July 8, 2023 | Eul Basa

Rihanna: A True Self-Made Billionaire Success Story


Rihanna is known worldwide for her music career, but she has also made a significant impact in the financial world. The Barbadian singer, songwriter, and actress has become a successful entrepreneur, with a net worth of approximately $600 million, according to Forbes.

One of Rihanna's most notable contributions to the financial world is her partnership with French luxury goods conglomerate LVMH. In 2019, she launched her own fashion line, Fenty, in collaboration with LVMH. The line features high-end clothing, shoes, and accessories, and has been praised for its inclusivity, with a wide range of sizes and skin tone options. The launch of Fenty made Rihanna the first woman of color to lead a fashion house under the LVMH brand.

Fenty has been a commercial success, with sales reportedly reaching $100 million in its first few weeks. The line's success can be attributed to Rihanna's massive global following and her ability to connect with consumers through social media. Rihanna has over 100 million followers on Instagram, and Fenty has its own dedicated account with over 8 million followers.

In addition to her fashion line, Rihanna has also made strategic investments in various companies. She has invested in online styling service, Stitch Fix, and beauty brand, Huda Beauty. Rihanna's investments have proven to be successful, with both companies experiencing significant growth.

Rihanna has also made a significant impact in the beauty industry. In 2017, she launched her own makeup line, Fenty Beauty, in partnership with Kendo Brands. Fenty Beauty was praised for its inclusivity, with a wide range of foundation shades for all skin tones. The line's success has been attributed to Rihanna's personal involvement in the development and marketing of the products, as well as her ability to connect with consumers.

Fenty Beauty has been a commercial success, with sales reaching $570 million in its first year. The line's success has also had a ripple effect in the beauty industry, with other brands expanding their shade ranges to be more inclusive.

In conclusion, Rihanna's impact in the financial world cannot be ignored. Through her successful fashion and beauty lines, as well as her strategic investments, she has become a powerful force in the business world. Rihanna's success can be attributed to her strong brand image, her ability to connect with consumers, and her commitment to inclusivity.


READ MORE

Managed vs. Self-Directed Investment Portfolios: Which Is Right For You?

Investing can be complicated, particularly if you're building your investment portfolio for the first time. Are you a passive investor, or do you want to be involved in the process? Let's explore whether managed or self-directed investing would be best for you.
July 1, 2025 Jack Hawkins

Warren Buffett's Best Middle-Class Money Advice

The Oracle of Omaha wasn't always a financial Titan. He was from the middle class, just like you, but he's made incredibly shrewd money decisions over the last several decades, making him one of the richest men in the world. Learn from him as he shares his middle class money advice in this piece.
April 1, 2025 Jack Hawkins

20 Side Hustles To Try While Working Full-Time

Over one-third of American adults have a side hustle alongside their full-time job. Whether you're one of those people already looking for new ideas, or you want to bring in a little extra money every month, here are 20 side hustles you can try—without giving up your 9-to-5 job.
October 1, 2024 Jack Hawkins
affordabledentalinternal

Perfect Teeth At Last With Affordable Dental Implants

Unhappy with your teeth? Advancements in technology have made dental implants the best option for achieving the perfect smile.
February 1, 2023 Eul Basa

10 Vintage Sports Cards That Are Worth a Fortune Today

Explore the lucrative world of vintage sports cards with a deep dive into 10 cards that have skyrocketed in value over the years. From baseball legends to basketball icons, uncover the stories and prices behind these treasured collectibles.
November 1, 2023 Sammy Tran
Things Baby Boomers Shouldn’t Waste Money On

16 Things Baby Boomers Shouldn’t Waste Money On

Discover the top 16 expenses baby boomers should avoid for a secure financial future. From unnecessary gadgets to overspending on luxury items, learn how to prioritize your spending wisely and make the most of your hard-earned money.
May 1, 2024 Sammy Tran


Disclaimer

The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team