Rihanna is The Youngest Female Billionaire but Lets Break Down here Finances.
News came out today that Rihanna is the youngest female billionaire ever. I feel like it was only yesterday that she was dating Chris Brown and singing umbrella. I’m so interested in how someone is worth a billion dollars. She now has something in common with Jay-Z, a whole lotta of money. How is she worth so much? Lets get all nosey and into Rihanna’s financial business shall we.
Here is how Rihanna is the youngest female billionaire. According to spicecinmeas.com, “a large portion of her net worth is attributed to the value of her Fenty Beauty Line which is a partnership with luxury goods company LVMH. The brand generates north of $100 million in revenue.” It has been reported that Rihanna has a 50% partnership with the company and spicecinmeas.com suggested that brand is “worth 2-3 billion dollars.” In 2015, she signed a contract with Samsung which pays her $25 million per year. Most of her money comes from ownership from Fenty Beauty Line. Forbes stated that By 2018, “its first full calendar year, the line was bringing in more than $550 million in annual revenues, according to LVMH, beating out other celebrity-founded brands like Kylie Jenner’s Kylie Cosmetics, Kim Kardashian West’s KKW Beauty and Jessica Alba’s Honest Co.” Wow that is a lot money. Why would she ever sing again? Does she have time to sing again? Managing a billion dollar business is time consuming. I’m guessing because I never had a billion dollars. The person who is most excited about this news besides Rihanna is A$AP Rocky. The baby daddy doesn’t have to worry about money anymore and her new born child will never have to worry about money too. Good for him. At times I wish my parents were billionaires. Below is video from her 2019 Fenty Beauty Line show.
