Art & Hollywood

Musical Artists Conquering The Business World

May 10, 2022 ByClaire Miles

These musicians are known for their musical talent and prowess on big and small screens, but they are also gifted in the business sector. They’ve been able to harness the power of their brands and transform them into profitable business endeavors that have made them extremely wealthy. 

“Umbrella,” “Diamonds,” and “Work” are some of Rihanna’s most well-known songs. Thanks to her business acumen, the pop artist is now a billionaire and the “richest female musician.” Fenty Beauty, a cosmetics collection co-owned by Robyn Fenty (aka Rihanna) and LVMH, a French luxury goods store, debuted in 2017. The cosmetics brand generated over US$550 million in revenue by 2020.

Dr. Dre began his career in the music industry as a member of the hip-hop group N.W.A. before establishing a successful solo career. He also operated a record label and worked as a producer, but his business ventures brought him the most money. In 2014, the entrepreneur sold his lucrative brand to Apple for a cool $3 billion. Thanks to his company, Beats Electronics and its signature line, Beats by Dre, which specializes in headphones, Dr. Dre now has an estimated net worth of US$820 million.

Premiere Of HBO's "The Defiant Ones"

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Jay-Z began his career in Brooklyn and has since ascended to become an award-winning rapper, songwriter, and producer. He is best known for his marriage to superstar Beyoncé. Jay-Z became “hip-first hop’s billionaire” in 2019 (US$1.4 billion in 2021) because of his multi-pronged conglomerate, which includes a chain of sports bars, a clothing brand, and an entertainment firm. 

Justin Timberlake has made a lot of progress since his days as an *NSYNC and The All-New Mickey Mouse Club member. From brand alliances and a fashion line to co-owning an N.B.A. team and investing in golf courses, the pop star/actor/producer has had his fingers in various rich pies over the years. Timberlake has a net worth of 250 million dollars.