She got her music career off to a good start after she was signed by billionaire rapper Jay-Z. She became a global hit with her debut album “Pon de Replay.” In 2016, she reportedly made an estimated $22.3 million from her music as well as raking in $137 million in revenue from her “Diamond” tour.
In 2016, she partnered with French luxury goods Louis Vuitton Moet Hennessy (LVMH) run by billionaire Bernard Arnault to create a cosmetic line called Fenty Beauty, which is reportedly worth $3 billion. The cosmetic line initially sold foundation shades and later expanded to include lipstick, lip gloss, body glitter, and more.
In its first year of operation, Fenty Beauty generated more than $550 million. Forbes estimates that Rihanna has around 15% stake in LVMH. In 2019, Rihanna became the first Black woman to create a clothing brand for LVMH called Fenty and also announced new high-end clothing, shoes, and accessories.
Also, her Savage X Fenty lingerie line has an annual revenue of about US$150 million. Additionally, she earns millions of dollars from endorsement deals from brands and companies like River Island, Mac, Armani and Balmain. In 2014, she signed a $1 million endorsement deal to work as Puma’s creative director.
Aside from music and cosmetics, other big money-making moves for Rihanna is her real estate business. She buys properties and resells for a profit. She reportedly acquired a mansion in LA at $6.8 million and resold it for $7.4 million.
The Barbadian singer is regarded by Forbes as one of the most publicly charitable celebrities. She was named Harvard Humanitarian of the Year in 2017 for her work supporting education and health care in the Caribbean and developing countries.
She recently donated $5 million to various organizations assisting with coronavirus relief efforts. Other charitable works by her include giving $1 million to New York’s needy, $2.1 million to abuse victims in LA and $5 million to other charities through the Clara Lionel Foundation.
