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Last year, Savage X Fenty saw revenue growth of more than 200% and 'increased its active VIP member base by more than 150%.'Īlthough the star hasn't released new music since 2016's ANTI, she has amassed a fortune from her recording career which kicked off back in 2005 with debut single Pon De Replay. The line was launched in 2018 and is anticipated to be the market's leader by 2025. Rihanna launched her wildly popular lingerie line back in May 2018 - and it is now worth an estimated $1billion - with Rihanna maintaining a 30% stake in the business.Ī second round of funding for the brand back in February secured a whopping $115 million for Savage X Fenty, with L Catterton, a private equity firm that fashion house LVMH has a stake in, taking a percentage of the line.
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The high-end brand turned into a billion dollar business (now valued at $2.8 billion) in less than four years with the bulk of the star's fortune coming from this.įenty Skin also launched last year - with the company set to grow even further. The You Da One singer first put out her makeup line at Sephora, racking up sales eclipsing $100 million over the course of its first few weeks The beauty brand is a 50-50 joint venture with French luxury goods conglomerate LVMH.
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Feel free to take chances, and take risks, and dare to do something new or different.'
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She said 'Make-up is there for you to have fun with. Rihanna founded the acclaimed beauty brand back in 2017 with a desire to 'make women everywhere (feel) included.' Vogue's May 2022 issue is available on newsstands nationwide on April 26th. Rihanna hasn't released an album since 2016's Anti, but she has appeared in films such as Valerian and the City of a Thousand Planets, Ocean's 8 and Guava Island. Rihanna's Savage X Fenty lingerie line, which she has a 30 per cent stake in, is also worth $1billion (£717million).Ī second round of funding for the brand in February secured a whopping $115 million (£82.7 million) for Savage X Fenty, with L Catterton, a private equity firm that fashion house LVMH has a stake in, taking a percentage of the line. The high-end brand turned into a billion dollar business in less than four years, and with the launch of Fenty Skin last year, looks set to grow even further.įenty Skin had sales of $30million in under four months on its e-store, WWD reports. The You Da One singer first put out her makeup line at Sephora, racking up sales eclipsing $100 million over the course of its first few weeks.īy the end of its first full calendar year in 2018, LVMH said the brand took home $550million (£394million) in annual revenues, trouncing celebrity cosmetics brands such as Kylie Cosmetics and KKW Beauty. It became a leader in providing diversity in the makeup industry when it first launched 40 shades for its foundation line Rihanna founded acclaimed beauty brand Fenty Beauty back in 2017 with a desire to 'make women everywhere (feel) included.' Out soon: Vogue's May 2022 issue is available on newsstands nationwide on April 26th