Sofia Richie Net Worth

Sofia Richie is an American model and social media star who has made a name for herself in the fashion industry. As the daughter of renowned singer Lionel Richie and sister of fashion designer Nicole Richie, she has show business running through her blood. 

After signing with a modeling agency at age 14, Richie is known for having amassed a net worth of millions of dollars. Plus, she supplements that massive income through her fashion modeling and brand sponsorships on Instagram.

She is also known for her high-profile relationship with her husband, Elliot Grainge, whom she wed in 2022. In this article, we discuss her modeling career and influencer status that contribute to an enviable and steadily rising personal fortune.

Sofia Richie’s net worth and modeling career

With an estimated net worth of $8 million, Richie has accumulated an impressive fortune at just 24 years old. The bulk of her wealth stems from her modeling career, which took off when she signed with a major agency at age 14.

By 16, she began booking high-profile modeling gigs and landing magazine covers. Her big break came in 2017 when she was named the face of Tommy Hilfiger’s swimwear line, appearing in ad campaigns and fashion shows for the global fashion brand. 

This catapulted Richie’s career to the next level. Many more modeling contracts followed with companies like Michael Kors, Adidas, and DL1961 jeans. She is now considered a top-tier model who has graced the covers of Cosmopolitan, Vogue, and other fashion magazines. 

Sofia Richie on the cover of a renowned magazine (Source: DuJour)

Outside of fashion shows and advertising, she earns income through paid sponsorships on her Instagram account, where she has over 6 million followers. Brands pay Richie top dollar to sport their products and clothes to her legions of young fans. 

Between lucrative modeling contracts and social media sponsorships, Sofia Richie has garnered an impressive $8 million net worth even in her early 20s.

As her fame continues to rise, particularly after her 2022 marriage to music executive Elliot Grainge, Richie is expected to land many more high-paying modeling campaigns and creative brand partnerships. Her Hollywood connections span both music and fashion, making the possibilities endless when it comes to expanding her modeling career and business ventures in the years to come.

Sofia Richie has also tried her hand at fashion designing

In addition to her lucrative modeling career, Richie has also tried her hand at fashion design over the past few years. She has collaborated with several brands to launch her own clothing and swimwear collections.

In 2019, she teamed up with Frankie’s Bikinis to release a line of tie-dye bathing suits and floral prints targeted at the younger consumer. That same year, she also designed a 60-piece collection for Missguided comprised of dresses, mini skirts, and two-piece outfits.  

Seeing the business success and positive feedback from her initial forays into fashion design, she announced plans in 2020 to keep expanding her collections.

Sofia Richie collaborated with Frankies Bikins to create a swimwear collection (Source: POPSUGAR)

She wants to eventually grow her brand into a full lifestyle company with both a complete fashion label and a beauty line.

Staying busy in 2021, Richie further grew her fashion profile by collaborating with her sister Nicole Richie’s House of Harlow 1960 brand to design a 57-piece clothing line. She also teamed up with accessories company 8 Other Reasons for a jewelry and hat collection. 

Most recently, in 2021, Macy’s Bar III line unveiled a Sofia Richie collection of tops, dresses, and matching sets as she continues to accentuate her modeling pedigree with growing fashion design pursuits.

Sofia Richie’s net worth is also influenced by her husband

In April 2022, Richie announced her engagement to Grainge, the founder and CEO of 10K Projects record label and son of music industry power player Lucian Grainge. 

Her husband comes from an enormously wealthy family, with his father boasting a net worth of $250 million as head of Universal Music Group. While already successful in her own right, Richie’s high-profile relationship accelerated her fame and business opportunities. 

Right after news broke of their engagement, media and advertising interest in Richie skyrocketed, boosting her net worth to an estimated $4 million almost overnight.  

Sofia Richie with her husband Elliot Grainge (Source: PEOPLE)

As her fame reached new heights following the engagement, she leveraged her celebrity status to earn more lucrative modeling gigs, sponsored content deals, and fashion collaborations. 

So, while Richie was independently wealthy before meeting her husband-to-be, her 2022 engagement and 2023 marriage to the heir of a music industry fortune have undoubtedly amplified her income.

However, the model and entrepreneur is now so successful in her own right, with over 6 million Instagram followers, that she no longer needs to rely on the Grainge family riches. 

Sofia Richie recently announced that she is pregnant

In January 2024, Richie shared the exciting news that she is expecting her first child with her husband, Grainge. He revealed the pregnancy exclusively in an interview with Vogue, saying, “I’m over the moon about it.”

Richie explained that she found out she was pregnant very early on, at about four weeks along, during a trip to Milan Fashion Week.

He took an at-home test that had a faint positive line when she returned to LA, so Grainge went out to buy three more tests that all read positive. 

They were overjoyed and emotional to see the results, only telling their parents at first before Richie hit the 8-week mark. Keeping the pregnancy quiet for the first few months was important to Richie to protect her mental health and privacy during this sensitive time. 

But once she went public with the news in Vogue, she was delighted to scream her joy from the rooftops finally. Shortly after announcing the pregnancy, she also shared a touching TikTok video of the moment she and Grainge learned they were expecting a baby girl. 

The gender reveal features Richie letting out a scream so loud it scared her dog before embracing Grainge in celebration of the next chapter ahead as parents to a daughter.

At 25 years old, the model and entrepreneur is glowing as she prepares to welcome her first child this year. He has dreamed of having a daughter her whole life and now gets to start a family with her husband by her side.