How Rihanna Created A $600 Million Fortune—And Became The World’s Richest Female Musician

Famous first as a singer, Robyn Rihanna Fenty, age 31, has since evolved into a style icon and makeup entrepreneur—and soon she’ll be the first black woman in charge of a major luxury fashion house. All those efforts add up to a $600 million fortune, making her the wealthiest female musician in the world, ahead of the likes of Madonna ($570 million), Céline Dion ($450 million) and Beyoncé ($400 million).

[Read more | Artist, Icon, Billionaire: How Jay-Z Spun Fame Into A $1 Billion Fortune]

Most of that comes not from music but from her partnership with LVMH, the French luxury goods giant run by billionaire Bernard Arnault. Rihanna (pronounced “Ri-ann-ah,” not “Ri-ah-nah,” as she recently clarified) and LVMH co-own the makeup brand Fenty Beauty. It launched in September 2017 at Sephora, another LVMH brand, and online at FentyBeauty.com, quickly becoming a viral success. Fenty Beauty racked up a reported $100 million in sales in its first few weeks, propelled by Rihanna’s fame and 71 million Instagram followers.

The entire personal care industry in America has grown huge in recent years. According to Grand View Research, it could swell to more than $200 billion in sales by 2025, up from closer to $130 billion in 2016. The market saw a record 134 M&A deals last year, including P&G’s $250 million purchase of 10-year-old First Aid Beauty. Perhaps the most telling data point: 11 of the 80 women on Forbes‘ list of the Richest Self-Made Women made their money in beauty or skin care products. Many did what Rihanna did, turn to the low-cost marketing opportunity presented by social media. That works best for existing celebrities, as Kylie Jenner and her Kylie Cosmetics proved out, who can push their new products at their existing followers.

Fenty Beauty has differentiated itself in another way, releasing 40 shades of foundation, far more than the handful of hues sold by other brands. “It challenged the standard convention that you only needed a very defined set of shades to satisfy a market,” says Stephanie Wissink, a research analyst at Jefferies. “Not only did [Fenty Beauty] achieve meaningful sales, but it potentially changed the industry permanently.”

Sales continue to soar. Fenty Beauty generated an estimated $570 million in revenue last year, after only 15 months in business. The entire operation is worth, conservatively, more than $3 billion. Forbes estimates thatLVMH owns an estimated 50% of it, while Rihanna has about 15%, a figure a spokesperson for the artist disputed but wouldn’t clarify further.

The Barbados native, who overcame hardships including an abusive addict father and a well-publicized assault by then-boyfriend Chris Brown in 2009, also co-owns the Savage X Fenty lingerie line with Los Angeles-based online fashion firm TechStyle Fashion Group and has millions in earnings from her career touring and releasing as a singer, which make up the rest of her fortune.

Her empire continues to grow. In May, LVMH and Rihanna announced Fenty, a new clothing house that will make high-end clothes, shoes, accessories and jewelry.

“They extended the offer to me and it was a no-brainer because LVMH is a machine,” Rihanna told The New York Times Style Magazine. “Bernard Arnault was so enthusiastic; he trusted me and my vision.”

The fashion line, which launched online in May, includes sizes up to U.S. 14, embodying the same inclusive ideal of Fenty Beauty. It will exist under the same umbrella as famous brands such as Dior and Givenchy, marking LVMH’s first new house in more than 30 years.

“What Fenty Beauty did to beauty, Fenty lifestyle is going to do to fashion,” says Wissink. “It’s going to raise the bar for what it looks like to build a brand that’s inclusive, game changing, global and iconic.”

Inset photographs: Getty Images

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I’m an associate editor at Forbes covering media and entertainment, with a focus on the movie business.

Source: How Rihanna Created A $600 Million Fortune—And Became The World’s Richest Female Musician

The Net Worths Of Your Favorite Celebrities Are Insane!

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We all think that celebrities are rich and famous. Take one look at their social media or see them walk a red carpet, and you’ll quickly realize that they’re loaded. But no one seems to really know exactly how much money a celebrity is worth.

Yes, we know that Maria Sharapova has won a bunch of tennis tournaments and has a ton of ad partnerships, but exactly how much money has she made from that? Check out the list below to be blown away by some of the insane net worths of the biggest celebrities in the world.

Dolly Parton – $500 Million

The queen of country music has had a long and successful career that just keeps making her money. Parton burst onto the scene with her debut album Hello, I’m Dolly in 1967. While she topped the charts for years, she’s also been hustling numerous side businesses to up her net worth.

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Parton is a songwriter and is the genius behind Whitney Houston’s “I Will Always Love You.” On top of that, she actually owns her own label, Dolly Records. Her net worth is $500 million and she made $19 million of that in 2016 alone.

Jon Stewart – $80 Million

Your favorite political talk show host has been quietly accumulating millions over a thirty-year career. Stewart began accumulating his net worth with stand-up gigs and writing for other comedy shows. Then, he shot to stardom in 1993 on MTV with The Jon Stewart Show.

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Since that time, Stewart has hosted a variety of talk shows, but is best known for hosting The Daily Show. Stewart shocked us all by announcing his departure from The Daily Show in 2015 to work on his writing. It seems to have worked out in his favor though and his net worth isn’t going to be depleted any time soon.

At 21 years old, one celebrity became the world’s youngest self-made billionaire.

Simon Cowell – $550 Million

Simon Cowell may not have ever released his own music, but we know the producer and manager has a knack for picking out the best talent. Some of the early acts he signed as a young manager were the U.K. boybands Five and Westlife.

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Then, of course, he moved on to become a judge for American Idol and The X Factor. While he’s been known to be brash as a judge, both shows have launched huge careers for singers and Cowell has been the genius behind it. When you’re managing people like Il Divo, Leona Lewis, Fifth Harmony, and One Direction, you’re definitely making a lot of money.

Keep reading to see how much money Bob Barker made from hosting The Price Is Right.

Stephen Colbert – $45 Million

Another one of our favorite television hosts, Colbert has won numerous awards and has a net worth to back it up. He’s earned nine Emmys, two Grammys, two Peabodys, and $45 million. Colbert actually got his start as a serious actor before transitioning to comedy and talk shows.

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He started his career in an acting troupe where he was actually an understudy for none other than Steve Carell. When acting didn’t work out, Colbert then transitioned to becoming a writer on shows like Saturday Night Live and The Daily Show. After serving his time as a writer, he was eventually promoted to appear on The Daily Show and the rest is history.

Judy Sheindlin – $400 Million

Judge Judy runs a tight ship in her courtroom, and by doing so, she’s made a fortune over the years. Yes, she is a real judge with a real law degree. Sheindlin started her career in Manhattan family courts but transitioned to our television sets in 1996. Since 1996, Judge Judy has been one of the highest-rated daytime television programs and has earned Sheindlin a nice $47 million every year!

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Even her bailiff is reported to bring in $1 million for every season. How do they make so much money? Production costs are low and they shoot all 260 episodes over the course of about 50 days.

Bob Barker – $70 Million

He might be retired now, but for years, Bob Barker was raking in cash on daytime television. Barker must have been smart with his money over the course of his 50-year career because well into his retirement he’s still worth an impressive amount.

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Most of his money came from being the face of game shows like The Family Game, Simon Says, That’s My Line, and of course, The Price Is Right. He’s won 19 Emmy Awards and has a star on the Walk of Fame. We’re sure his legacy and $70 million worth of cold hard cash keep him warm at night in his retirement.

Coming up, the finances of Beyoncé are finally revealed.

Ellen DeGeneres – $400 Million

While most people know Ellen DeGeneres from her daytime television show, it’s easy to forget that she was successful long before. After getting her start as a stand-up comedian in the 1980s, DeGeneres landed her own sitcom, Ellen. The show was so successful that many people considered it the “female Seinfeld.”

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It was only after the success of her television show that DeGeneres started to make serious money to reach her $400 million net worth. Alongside her shows, she has authored four books, and runs a record company, a production company, and a lifestyle brand. DeGeneres is living proof that being funny, kind, and generous can actually pay off.

Beyoncé – $355 Million

Queen Bey has been in the industry for a long time and she’s got a net worth to reflect it. After years with Destiny’s Child and then a successful solo career, Beyoncé has built enough wealth to last a lifetime. That’s probably why she’s not shy about spending her cash on outrageous items.

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Bey is known for indulging in multimillion-dollar mansions, insane beauty treatments, and luxurious vacations. She’s also reportedly a great gift-giver and has dropped cash gifting her husband Jay-Z a private jet, a car, a million dollar Rolex, and much more. Oh, and don’t forget the time she rented out the Louvre.

We know what Beyoncé is worth, but what about her husband Jay-Z?

Jerry Springer – $75 Million

Springer has had a long and strange career that has paid off. While most people know him for his drama-filled television show, he actually got his start in politics. Springer trained as a lawyer in New York and actually got his start as an advisor for John F. Kennedy. He then started his own political career in Cincinnati.

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After his political career fizzled out, Springer turned to be a political reporter and commentator. His natural broadcasting skills eventually led him to host a talk show called The Jerry Springer Show. As we all know, that “talk show” aspect went away and now it’s just the most outrageous drama-filled episodes imaginable.

Kylie Jenner – $1 Billion

Kylie Jenner has spent much of her life in the spotlight. She was just 10 years old when Keeping Up with the Kardashians aired on E! Now at 21, Jenner is still as relevant as ever and just became the world’s youngest self-made billionaire.

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Her net worth is largely thanks to her wildly popular makeup line, Kylie Cosmetics. In 2018 alone, Kylie Cosmetics’ revenue climbed 9% to around $360 million. The company is valued at a cool $900 million and Jenner owns all of it. Add in the money that Jenner has already earned from the profitable business (and her other business ventures) and she has an estimated fortune of $1 billion.

Jay-Z – $900 Million

Now that we know how rich Beyoncé is, what about her husband Jay-Z? Believe it or not, he’s actually worth more than Queen Bey. His impressive $900 million net worth is thanks to his numerous business ventures. Jay-Z has investments in entertainment labels, a clothing line, alcohol brands, the music streaming service Tidal, and even owns an upscale sports club.

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All of that is on top of Jay-Z’s revenue from his own music. The $900 million net worth led him to be named America’s richest musician by Rolling Stone and number five on Forbes’ rankings of celebrity net worths.

The actor coming up is worth $100 million thanks to all of his ’90s romcoms.

 

Source: The Net Worths Of Your Favorite Celebrities Are Insane!

The World’s Highest Paid Women In Music 2018 – Zack O’Malley Greenburg

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Back in 2015, when Katy Perry appeared on the cover of Forbes after earning $135 million in a single year, she knew she’d secured her place in the pop star firmament and wouldn’t ever have to worry about fading into oblivion. “I don’t feel like my career is a ticking time bomb,” she said. “I don’t feel like I’ll always have to be feeding the meter of show business. I got my spot, yo.” Three years later, Perry has proved herself right: She’s the highest-paid woman in music, pulling in $83 million pretax during our scoring period…………..

Read more: https://www.forbes.com/sites/zackomalleygreenburg/2018/11/19/highest-paid-women-in-music-2018-katy-perry-taylor-swift-beyonce/#2efc5ea76a24

 

 

 

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