Photo: Mark Ganzon – Getty Images for Fenty Beauty
rihanna, the music and beauty icon, saw her net worth plummet, losing nearly $300 million in just one year. After forbesHis estimated net worth as of June 2023 is $1.4 billion. That’s down nearly $300 million from his net worth of $1.7 billion in 2022. Although Rihanna is best known for her music career, the majority of her wealth comes from her beauty brand, Fenty Beauty, which is co-owned by Louis Vuitton Moët Hennessy (LVMH). Fenty Beauty sales doubled in 2022 which was a significant contributor to her net worth. But while her beauty brand is thriving, other factors appear to have impacted her dwindling wealth.
Rihanna has also embarked on lucrative music tours throughout her career. For example, her 2010 “Last Girl On Earth” tour grossed $40 million and her 2013 “Diamonds World Tour” grossed over $140 million worldwide. Despite these impressive earnings, it’s important to note that concerts and tours have been largely on hold due to the COVID-19 pandemic, which may have impacted Rihanna’s earnings.
Additionally, Rihanna performed during the 2023 Super Bowl Halftime Show. Event 3. It is possible that the financial consequences of this achievement will not be fully felt by the time of his June 2023 asset estimate.
It should be noted that calculating an individual’s net worth can be a complex process that takes into account various factors, including income, assets, liabilities, and expenses. Without accurate information about these factors for Rihanna, it’s difficult to pinpoint exactly what caused her net worth to drop. In addition, net worth may fluctuate based on market conditions, investments and personal expenses.