Highlights
- Sofia Richie and her husband Elliot Grainge both have large net worths.
- Sofia Richie’s net worth has been impacted by her association with Elliot Grainge.
- Sofia Richie’s lavish spending habits include extravagant trips, a luxurious wedding, an expensive wardrobe, and multimillion-dollar mansions.
Sofia Richie is mainly known for being the daughter of music legend Lionel Richie and the younger sister of socialite Nicole Richie. Although an accomplished model and social media influencer in her own right, public interest in Richie and her relevance have often been associated with her famous lineage and the wealthy men she’s dated. Perhaps to forge her identity, critics have suggested that this was why Sofia was known as a rebellious and often out-of-control party girl in her younger years.
In recent years, however, Sofia’s life has done a complete 180, and she is now regarded as the posh wife of affluent business executive Elliot Grainge. Grainge and Richie married in April 2023, and although the couple are independently wealthy, Grainge’s net worth is significantly higher than Richie’s. But are some critics right in supposing Sofia Richie is blowing through her husband Elliot Grainger’s vast fortune?
Has Sofia Richie Recklessly Spent Husband Elliot Grainge’s Money?
As of May 2023, Celeb Net Worth reported that model, social media influencer, and socialite Sofia Richie was worth around $8 million. Besides her many successful business ventures, the bulk of Richie’s net worth is partly thanks to her father, musician Lionel Richie, who, as of November 2023, Celeb Net Worth reported his net worth as $200 million.
As of August 2023, the International Business Times reported that Elliot Grainger, British founder and CEO of the record label 10K Projects, had a net worth of $10 million. Also, according to Celeb Net Worth, Elliot’s father, Lucian Grainge, CEO of Universal Music Group, had a net worth of $250 million.
What Sofia Richie’s Family And Friends Really Think About Elliot Grainge
Lionel Richie, as well as Sofia’s famous sister and brother-in-law, have all spoken out about the man that has taken her heart.
While many critics have accused the social media influencer of blowing through her husband’s money, it is evident that, based on their respective reported incomes, Sofia Richie is independently wealthy in her own right and doesn’t need her husband’s money to provide for herself.
Sofia Richie’s Husband Elliot Grainge Is Worth Millions, But Is It All Due To His Nepo Baby Status?
Elliot Grainge’s net worth is higher than Sofia Richie’s, but what does he do for a living?
It would also be inaccurate to state that Richie’s net worth hasn’t been impacted by her close association with Elliot Grainge.
According to Yahoo News, shortly after Richie announced her engagement to Grainge on her Instagram account in April 2022, media and advertisement interest in Sofia skyrocketed, and her net worth jumped to an estimated $4 million.
But what exactly does Sofia Richie spend money on?
According to several reports, her spending habits are precisely what one would expect a young, rich, and famous person to be:
- Bachelorette Party: In October 2022, Sofia Richie flew out with her sister Nicole Richie and several other high-profile friends to Paris, France, to celebrate her bachelorette party. The swanky shindig was held at an undisclosed luxury hotel near the Eiffel Tower.
- Wedding: Sofia’s wedding to Elliot Grainge was at the Hotel du Cap-Eden-Roc in the South of France. According to Tie The Knot, Richie forked out $4 million on her special day, including $1.5 million on the wedding venue, $175,000 on floral arrangements, and roughly $250,000 on her custom-made Chanel wedding dress.
- Travel: Sofia Richie has frequently shared her luxury travel destinations on Instagram, such as her honeymoon in the Maldives, vacations to Anguilla with her husband, and oceanic trips on yachts alongside her famous friends such as Kendall Jenner.
- Mansions: Shortly after Sofia and Elliot tied the knot, among their impressive real estate portfolio, they purchased a $26.9 million mansion in one of Los Angeles’ most exclusive neighborhoods. According to the New York Post, the Grainge’s property is over 10,000 square feet and consists of six bedrooms, ten bathrooms, a chef’s kitchen, a library, a pool, a spa, spacious gardens, and an ornate living room.
- Wardrobe: Sofia Richie is not only a social media influencer and model, having promoted and worked for designers such as Tommy Hilfiger and Michael Kors, but also a talented clothing designer. Given her fashionista status and accessible funds, the socialite spends significant money on what she wears. For example, in an article by Town & Country, which compiled some of Richie’s best fashion moments of 2023, the star can be seen dressed in luxury outfits such as a suit by Missoni, a Dior sweater with Yves Saint Laurent trousers, a tote bag by Prada with Celine sunglasses, and numerous custom-made Chanel leisurewear.
Did Elliot Grainge Ever Address Rumors About Sofia Richie Spending His Money?
Elliot Grainge has always been one to shy away from the spotlight, preferring the business aspect of the entertainment world.
However, because he’s married to a socialite and influencer, Grainge is often forced to publicly acknowledge the notoriety that comes with his wife’s celebrity.
Although the multi-millionaire and business executive is inherently private, he has occasionally given interviews wherein his personal life was discussed.
Unsurprisingly, the most frequently asked question Grainge has been asked concerns his romantic relationship with Sofia Richie.
But has Elliot Grainge ever addressed the rumor that Richie spent his money to fund her lifestyle?
How Much Has Sofia Richie Changed Since Breaking Up With Scott Disick And Marrying Elliot Grainge?
Sofia Richie’s marriage to Elliot Grainge marks a huge transition in her public image since the days of her controversial relationship with Disick.
While Grainge has not addressed the latter question, he once briefly spoke to the Los Angeles Times about his then-upcoming wedding to Sofia Richie.
Grainge stated:
You can’t help who you fall in love with. I really try and keep my profile as low as possible.
He then shared how he had known Richie ever since they were children. He added that despite their affluent lifestyle, they like to do humble things in their everyday lives, just like ordinary people.
My happy place is with my girl on the couch binging a TV series where we argue about which episode we’re on.
Source: NewsFinale
