Here's How Sofia Richie Is Adding To Her Current $8 Million Net Worth
At the age of 21, Sofia Richie has already accumulated an $8 million net worth thanks to her booming modeling occupation and a number of endorsement deals through the years, which has in the past noticed her spouse with Madonna’s Material Girl clothes line.
And with over 6 million fans on Instagram, Richie additionally makes various cash from posting backed advertisements on her platform, where she’s estimated to earn anywhere between $k-$30k-50k. Needless to say, Richie has more than one sources of source of revenue that have helped push her net worth to a whopping $8 million.
She lately announced that she plans on stepping away from modeling to pursue a occupation in appearing, and although she hasn’t landed any roles but, stepping into the arena of filmmaking may just see Richie’s fortune skyrocket. Here’s how the brunette, who recently split with Scott Disick, is adding to her current net worth.
Sofia Richie’s Earnings
Sofia’s modeling career took off after she landed the quilt of Teen Vogue in 2014 when she was simply 14, sooner than signing her first modeling care for Madonna’s Material Girl clothing label the next yr.
“I am a Madonna obsesser since I was 5, so it’s insane that this is happening,” the then-teenager informed People whilst promoting the collection. “My folks are like ‘Oh my God, Madonna! She chose you!’ I used to be like, ‘Yeah, thanks, guys.’”
It will be the start of an exciting profession path for Richie, who would land the cover of many different magazines within the years to come, including Galore, Elle and Vanity Fair, which also gave off robust signs that the 21-year-old was destined for stardom.
In the previous, Richie has additionally partnered with main model corporations akin to Chanel, Michael Kors and Tommy Hilfiger, whose Spring 2018 campaign she fronted with Bella and Gigi Hadid’s brother, Anwar Hadid.
And whilst her time table used to be briefly full of photoshoots and events at the maximum prestigious fashion events, Richie used to be still making most of her money from social media.
In 2018, Daily Mail reported that Lionel Richie’s daughter earned an eye-watering $100,000 to post an advertisement for Uggs. Her standard fee for backed content is said to be any place between $30k-$50k, however that usually is determined by the company and any specifications they may have prior to the advert is going are living.
In a recent interview with Cosmopolitan, Richie seemed to trace that she was once stepping clear of modeling because she felt the business was once oversaturated with influencers who had been practically all doing the similar thing.
“A large number of folks just change into models as a result of they’re influencers. We would all get the similar jobs, be in the similar area, and be labeled the similar factor, and I hated it."
The socialite told Entertainment Tonight that she’s placing a lot of her attention on her next career move, which is to break into Hollywood as a credible actress - without the help of her famous father - and she’s already been reading scripts for potential roles.
“I want to get into acting,” Richie said while explaining why she didn’t want to return to reality TV after making several appearances on Keeping Up With the Kardashians and her ex Scott Disick’s show, Flip It Like Disick.
“I feel like, for a while, I kind of held back on things because I was afraid of failure, but 2020 is [the year of] no fear. I’m gonna be doing acting stuff really soon.”
“It’s always been my thing, kinda growing up, I kind of felt like I was stuck in everyone’s shadow. But I’m very different from both my sister and my dad, so I feel like I’ve kinda navigated into my lane, and it’s been great for me.”
In February 2020, Richie posted an Instagram photo of herself holding what appeared to be a script in her hand, possibly hinting that she may have already secured herself a role.
“One of those days,” she captioned the pic.
While acting is now at the forefront of her interests as far as her career is concerned, Richie also sees herself launching her own clothing line very soon.
While she hasn’t shared too many details about her upcoming plans with her label, she did reference Mary-Kate and Ashley Olsen’s success in fashion and hopes to establish a brand similar to theirs.
“It would be like taking a street twist to The Row,” she told W magazine.
For the time being, it seems Richie will continue to make most of her earnings from social media now that she’s stepped away from the modelling world, but in the midst of taking acting classes and reading scripts, she still has a wide interest for all things concerning fashion.
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