Rihanna’s “Savage X Fenty” is now worth $1 Billion

R&B superstar Rihanna might have been absent from music scene for a while but she’s still making strides on her ventures. 28 year songstress real name Robyn Fenty launched lingerie line named “Savage X Fenty” in 2018 which has now reached $1 Billion valuation. It is one of many businesses started by the singer, including own Fenty clothing line, makeup range Fenty Beauty and skincare line Fenty Skin.

In a joint statement to WWD, Rihanna and fashion house LVMH issued a statement “Following the completion of the fundraising round where L Catterton took a stake in Savage X Fenty, LVMH and Rihanna reaffirmed their ambition to concentrate on the growth and the long-term development of Fenty ecosystem focusing on cosmetics, skincare, and lingerie.”

Savage x Fenty has raised $185 million to date, and prior to the new funding, Forbes estimated Rihanna’s stake to be worth about $80 which will definitely rise. It’s notable that Roc Nation CEO and Riri’s mentor Jay-Z is one of the many investors in the lingerie brand Savage X Fenty.