From Expensive Yachts to Rare Jewels: Here’s How Rihanna Spends Her $600 Million Fortune
According to Forbes, Rihanna now hails as the wealthiest female musician in the world. Her staggering $600 million fortune today is a sharp contrast to her humble childhood. It also shows how the singer worked hard to raise herself from poverty and attain the fame and wealth she now enjoys.
While Rihanna still makes sure to spend her fortune responsibly, she also doesn’t hold back from splurging every once in a while. Let’s unveil Rihanna’s lavish lifestyle and how she spends her vast wealth today.
Before Rihanna got the stardom and fame she enjoys today, the singer reveals she was born and brought up in a poor family that couldn’t afford anything. Rihanna remembers how she had to save her allowance for a whole school year just to buy herself a pair of Timberlands.
Despite the financial hardships she experienced in childhood, Rihana says that her struggles helped her develop a hustler mentality and taught her how to handle her finances.
Besides making music, Rihanna is a sound businesswoman who knows how to invest her earnings from music wisely. The multi-millionaire has made a fortune from selling millions of albums but most of her earnings come from partnerships and brand deals. Aside from that, the singer also has her own makeup line and a brand new fashion house under LMVH.
Aside from investing her money into various lucrative ventures, Rihanna says she also prioritizes on giving back to the community. Rihanna actively supports charity works and organizations that are close to her heart. In 2017, she also endorsed Harvard’s Humanitarian Initiative and encouraged her fans to support the cause as well.
With a vast fortune from her music and business ventures like Fenty Beauty, Rihanna can live comfortably for the rest of her life. In fact, the singer can buy anything her heart desires — even an entire apartment building in one of the most expensive neighborhoods of LA, which is exactly what she did. In 2014, Rihanna spent an astounding $5.45 million to purchase a condo with three bedrooms and four bathrooms in Los Angeles.
Two years later, Rihanna bought another condo in Wilshire Corridor, Los Angeles. The singer reportedly paid a whopping $925,000 for the real estate property.
Business and Pleasure
When Rihanna’s not on tour, she’s relaxing on her chartered yachts or vacationing in exotic destinations. In 2011, Rihanna was spotted taking a cruise on one of the most luxurious vessels ever built, French Rivera. According to sources, the singer paid $300,000 to have it rented for a week. In 2014, Rihanna also rented Cote d’Azur for 14 days.
Rihanna is also quite generous when it comes to spending on her friends and family. She reportedly burned through $8,000 in a single night while out partying in a club in Miami. The singer also spent $17,000 in Houston when she had a night out with the famous rapper, Drake.
Before launching her own beauty and skincare line, Rihanna invested heavily in her appearance. The musician has an army of facialists and makeup artists who earn up to $2,500 per session from her. With that kind of pay, who wouldn’t want to work for Rihanna?
Some of her beauty rituals include contour tanning that can go up to $4,000 whereas her skin treatments can cost up to $7,600 per month.
More in Bank Stories
Deciphering Stock Market Sell Signals
In the fast-paced world of stock trading, understanding when to sell your investments is just as crucial as knowing when to...October 12, 2023
Why the U.K. Is Now the Supercar Capital of the World
Often, when we think of the United Kingdom, images of double-decker buses, regal palaces, and afternoon tea come to mind. Supercars,...October 7, 2023
U.S. Credit Card Debt Hits a Record $1 Trillion: What’s the Fix?
Recent data reveals that Americans’ credit card debt has reached a whopping $1 trillion, surpassing the previous record high in the...September 26, 2023
Looking to Move to a New City? Pick These Most Liveable Cities
Making the decision to move to a new city can be an exciting and overwhelming adventure. Whether you are moving for...September 22, 2023
How Tax-Efficient Is Your Mutual Fund?
Mutual funds have long been a popular investment vehicle for individuals seeking to grow their wealth while diversifying their portfolios. However,...September 12, 2023
Jeff Bezos’ $68 Million Home on Florida’s Indian Creek Island
When it comes to luxury real estate, Indian Creek Island has long been the playground for the uber-wealthy. This exclusive Floridian...September 10, 2023
Smart Investing Strategies & Insights
Investing is a brilliant way of generating wealth and securing your future financially. However, success in the stock market and other investment vehicles...August 29, 2023
Looking to Apply for Personal Loans? Know Your Reasons
In life, we encounter various situations that may require us to apply for personal loans. It could be for emergencies or...August 22, 2023
Billion-Dollar AI Businesses: Inflection Raises $1.3 Billion
Artificial Intelligence (AI) is revolutionizing how we interact with technology, and Inflection AI is leading the way with its groundbreaking innovation....August 19, 2023