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  • Rihanna is officially the wealthiest female musician in the world.

  • With a fortune of $600 million, she's richer than Madonna, Celine Dion, and even Beyoncé.

  • According to her label, Rock Nation, she has sold more than 60 million albums and 215 million digital tracks, making her the second-best-selling digital artist of all time.

  • But all that wealth didn't just come from her music.

  • Here's how Rihanna makes and spends her millions.

  • Rihanna got her start as a musician.

  • She was discovered by an American record producer at age 15 and shortly thereafter was signed on by Jay-Z.

  • Since then, she has had 14 No. 1 songs, and in 2016, made an estimated $22.3 million from her music alone, not to mention her world tours like "Diamonds," which generated a total of $137 million in revenue.

  • But these days, most of her wealth comes from partnerships, campaigns, and endorsement deals, like the million-dollar partnership deal she made with Puma in 2014.

  • Puma brought Rihanna on as its creative director, and sales rose by a reported 16% in the first six months.

  • Turns out everything Rihanna touches seemingly turns to gold.

  • In fact, her fans are 3.7 times more likely to purchase products from her than any other celebrity, according to a study published in 2016.

  • And that fan-based loyalty is worth tens of millions of dollars when it comes to her cosmetic and clothing lines.

  • Rihanna's most profitable partnership is with the luxury conglomerate LVMH.

  • In 2017, she partnered with LVMH to develop a cosmetic line called Fenty Beauty, which generated more than $550 million in its first year.

  • It initially sold foundation shades but has since expanded to other products like lipstick, lip gloss, body glitter, and more.

  • Rihanna holds an estimated 15% stake in the $3 billion company, and she teamed up with LVMH again in 2019 to launch Fenty, a new high-fashion house based in Paris.

  • It's the first new fashion house LVMH has started since 1987, and Rihanna is not only the first woman of color to lead a major fashion house, she's also the youngest.

  • Fenty debuted its spring line in May 2019, featuring strong shoulders and futuristic accessories starting at $400.

  • So with these deals and revenue streams pouring in, what does Rihanna do with all of her money?

  • For one, Rihanna has proven to be quite the entrepreneur with smart investing.

  • She reportedly put $34 million of her own money towards building Fenty with LVMH, and she also has a business eye in the real-estate market.

  • She purchased a mansion in LA for $6.8 million and later listed it for $7.4 million.

  • As for where she lives, she's currently in a seven-bedroom home in London where she pays rent for $20,363 a week.

  • And when she travels, it's on private jets and yachts.

  • In 2011, she chartered a yacht for $300,000 a week to take her around the French Riviera, and she's not afraid of an expensive night out.

  • In 2013, she reportedly spent 8 grand in one night at a Miami strip club and on another night dropped $17,000 at a strip club in Houston with rapper Drake.

  • Rihanna also enjoys dishes prepared by her personal chef, Debbie Solomon.

  • And she reportedly spends $38,000 a week on her beauty regime, keeping a personal makeup artist, dermatologist, and lash technician on staff.

  • So yeah, she enjoys living lavishly, but she also likes to give back.

  • In 2012, Rihanna established the Clara Lionel Foundation, named after her grandparents.

  • The foundation aims to provide quality education and healthcare to children worldwide.

  • She also hosts an annual Diamond Ball to benefit the foundation.

  • Throughout the course of her career, Rihanna has become a highly influential global icon with her brands thriving and net worth growing.

  • Who knows what she'll do next?

Rihanna is officially the wealthiest female musician in the world.

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