Rihanna’s Fenty Beauty Line Reaches $1.4 Billion Valuation
Pop icon Rihanna smashed yet another record when she became the first Black woman in history to own a cosmetics brand worth over $1 billion. According to financial estimates, Rihanna’s 50% stake in her cosmetics company Fenty Beauty became valued at $1.4 billion.
The achievement cemented the singer and entrepreneur’s status as the wealthiest female musician worldwide with a net worth of $1.7 billion. While Rihanna rose to fame through chart-topping albums, most of her immense fortune now comes from her rapidly growing beauty and lingerie lines.
Fenty Brands Champion Diversity and Inclusion
Since launching in 2017, Rihanna’s Fenty Beauty cosmetics has focused on diversity and inclusion in both its advertising and extensive product range. The company’s foundation comes in 50 different shades to match an array of skin tones often overlooked by the beauty industry.
This forward-thinking approach struck a chord with consumers, propelling Fenty Beauty to over $500 million in revenue by 2018. The brand has only continued its meteoric growth since, with parent company LVMH reporting Fenty Beauty doubled its revenue in 2022.
Beyond cosmetics, Rihanna is also redefining standards for inclusion with her Savage X Fenty lingerie line. As the first woman of color to head up a brand under LVMH, the cultural icon and entrepreneur makes history with each new venture.
Rihanna’s Billion-Dollar Empire Set To Expand Further
At just 35 years old, Robyn “Rihanna” Fenty holds the title of America’s youngest self-made female billionaire. And with a 30% personal stake in thriving Savage X Fenty, her empire shows no signs of slowing down.
While fans eagerly await Rihanna’s long-awaited ninth album, her remarkable success in business suggests new records to break for the multi-talented megastar. As commentator Shannon Coyne assesses, “She is creating a brand outside of herself. It’s not just about Rihanna.”
From boldly redefining beauty standards to becoming the wealthiest female musician ever, Rihanna’s empowering story of triumph inspires beyond measure. She has paved the way for more inclusivity while also forging a profoundly lucrative path in entrepreneurship.
