According to Forbes, Rihanna‘s Savage X Fenty is worth $1 billion. ‘Fashion, culture and private equity have collided with Rihanna’s successful Savage x Fenty hitting another major milestone by raising its $115 million Series B funding round, at a $1 billion valuation,’ Forbes reports recently.
Forbes also reports, ‘While many of her fans are still waiting on that #R9 album, Rihanna has been occupied growing her business. The lingerie brand’s revenue grew by more than 200% last year. Savage x Fenty also “increased its active VIP member base by more than 150%,” Her Fenty Beauty line was already dominating the makeup market as well, Forbes noted, reporting the cosmetics line earned $558 million in its first year of debut in 2018.
Prior to the $1 billion valuation, Rihanna had a stake in the company worth $85 million. Now, Forbes has estimated it to be around $375 million.
With this new development, beauty industry insiders believe the company could become the leading global brand by 2025.
The 32-year-old Barbados-born beauty, whose real name is Robyn Rihanna Fenty, first debuted her Savage x Fenty line in 2018 and received wide acclaim due to the brand’s size inclusivity and diverse marketing campaign. Items typically are available in sizes 32A to 42DD, as well as up to 3X.