Musician, actor and business mogul Rihanna has built an empire. Multi-hyphenate’s extensive list of projects has earned her billionaire status and cemented her place as the world’s richest female musician. Although fans celebrated her achievement, Rihanna was a little uncomfortable with the billionaire label. She explained why she was feeling uncomfortable.
Rihanna became a billionaire because of her businesses
In 2017, Rihanna launched the cosmetics company Fenty Beauty, which made inclusivity one of her primary goals. Rihanna saw a lack of representation for different skin tones and sought to provide a wider range of shades. The brand offers affordable yet high-end products that attract more customers than fans of the musician. To ForbesOf course, an estimated $1.4 billion of Rihanna’s net worth comes from Fenty Beauty.
Rihanna also has her own lingerie brand Savage x Fenty. Like Fenty Beauty, the brand values inclusivity and produces items for a wide range of body types. She launched the brand just a year after Fenty Beauty. Although it has not reached the same level of success as her makeup brand, it has contributed significantly to Rihanna’s wealth. She pulls in $270 million from her shares in the company.
Rihanna’s Net Worth Makes Her Uncomfortable
Although Rihanna’s achievement of billionaire status is historic, she wasn’t necessarily excited about the distinction. She noted the pressure that came with the new label and described it as a bit frightening.
“It’s scary,” he told Rachel Lindsay Excessive. “I think about it all the time. I make it a point to think about it, because I … get scared when, you know, the pedestal comes into play and we’ll put you there and they’ll put you there.” Want to keep… I’m like, ‘No I want to be on the ground.’ I want to feel my feet on the ground because I know it’s not going to fall at all if anything, right?”
While Rihanna has been in the public eye since 2005, the exclusivity of billionaire status felt like increased pressure.
“I don’t want to be this icon… I want to be remembered for who I am,” she explained.
Despite the panic with the new label, Rihanna explained that she understands that people look up to her and can see a similar surge of success for themselves.
“I think that’s what makes it worth it. That’s what we need. That’s what I did,” she said. “I want to be able to share my inspiration, I want to be able to be an inspiration, and I want to be able to share my inspiration with my fans. I also want to be inspired by, people who look at me, I see them. And it’s this mutual respect that I have because I wouldn’t be here without them. “
she tries to make good use of her money
Rihanna gives people another reason to look up to her: her charitable donation. The Clara Lionel Foundation, her non-profit organization, funds education and emergency responses to natural disasters. They also focus on communities affected by climate change.
She also donated $5 million to charities fighting the coronavirus (COVID-19) and provided personal protective equipment to the state of New York. Obviously, the artist is trying to do well with his wealth.
How does Rihanna smell?