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How Rihanna Went Nearly Bankrupt, Then Turned it into A $600M Empire

Rihanna is doing numbers, period. The songstress turned entrepreneur made history in 2019 becoming the world’s richest female musician surpassing Beyoncé, Madonna, and Céline Dion. However, don’t let her now $600 million empire fool you because her wealth didn’t come easy. The Barbados native used her voice, eye for fashion, business acumen, and bounce back mentality to grow her empire. In 2007, around the time Rihanna released the hit “Umbrella,” she had a net worth close to $50 million, according to Money Nation . Since then the singer has scaled her career to new heights via entrepreneurship despite bumps in the road along the way. In 2009, Rihanna was the victim of a domestic violence assault at the hand of her then-boyfriend, Chris Brown and nearly faced bankruptcy. Business Insider reports Rihanna started 2009 with $11 million in cash and ended the year with $2 million. Her fall in income was attributed to ill advice from her ex-accountant who she later sued for managing funds...

Devin Crudup

Feb 20, 2020