Who is Fenty owned by?
Rihanna created Fenty Beauty “so that women everywhere would be included,” focusing on a wide range of traditionally hard-to-match skin tones, developing formulas that work for all skin types, and pinpointing universal shades.
Rihanna owns 50% of Fenty Beauty and 30% of Savage X Fenty. Forbes reported that Fenty Beauty made over $550 million in revenue in 2020 and Savage X Fenty had a $1 billion valuation in February 2021.
Forbes estimates that the bulk of Rihanna's fortune (around $1.4 billion, specifically) comes from the value of Fenty Beauty, which she has 50 percent ownership of. The company itself, by the way, is worth $2.8 billion.
Fenty Beauty was launched in 2017 and is a 50-50 joint venture with LVMH, which is run by Bernard Arnault, the world's second-richest person. The products are available online, as well as in Sephora stores, which are also owned by LVMH.
Rihanna's Savage X Fenty Lingerie Weighing An IPO At A $3 Billion Valuation. I am a Lifestyle reporter at Forbes, focusing on beauty & style.
Rihanna Takes Over Kim Kardashian To Become America's Youngest Self-Made Billionaire, Here's Her Net Worth.
Her $1.4 billion comes primarily from the success of her cosmetics line, Fenty Beauty, according to Forbes.
Rihanna is now worth $1.7 billion, Forbes estimates—making her the wealthiest female musician in the world and second only to Oprah Winfrey as the richest female entertainer.
Rihanna Is a Self-Made Billionaire: Why Are Her Accomplishments Being Diminished? - Choice 360.
Who is the richest Rihanna?
Rihanna Net Worth 2023 Earnings
Actually that singer Rihanna had become the richest female musician in this world. The prestigious magazine Forbes had announced this and as per them, Rihanna has a property of $ 1.7 billion.
Rihanna is said to be Barbados' first billionaire worth a cool $1.7 billion, thanks to her stake in the Fenty Beauty cosmetics line and the Savage X Fenty lingerie business. RiRi comes in at No. 1,729 on the 36th annual list, and is the world's richest female musician. JAY-Z has 99 problems, but assets ain't one.
Surprisingly, a lot of people are unaware of why Rihanna uses the name 'Fenty' across her beauty and clothing brands. The reason? Fenty is Rihanna's surname! Hence the names 'Fenty Beauty', 'Fenty x Puma' - you get the drill. 21 images.
Fenty Beauty—its name comes from Rihanna's full name, Robyn Rihanna Fenty—launched in 2017 under the umbrella of LVMH's beauty incubator, Kendo. The program creates products to be sold in Sephora, the popular cosmetics and perfume retailer also owned by—you guessed it—LVMH.
Fenty Beauty—its name comes from Rihanna's full name, Robyn Rihanna Fenty—launched in 2017 under the umbrella of LVMH's beauty incubator, Kendo. The program creates products to be sold in Sephora, the popular cosmetics and perfume retailer also owned by—you guessed it—LVMH.
Black-owned Beauty Brands: Fenty, Topicals, Pat McGrath, Briogeo, KNC – WWD.
KENDO creates and acquires beauty brands and focuses on developing them into global powerhouses. The portfolio consists of Fenty Beauty by Rihanna, Fenty Skin, KVD Beauty, OLEHENRIKSEN, BITE Beauty, and Lip Lab by Bite.
"Although Mr. Fenty is Rihanna's father, he does not have, and never has had, authority to act on Rihanna's behalf," the lawsuit reads, according to TMZ.
No, Fenty and Fendi are not the same. Fendi is a luxury fashion house based in Rome, Italy. Adele Casagrande founded the company in 1925. Fenty is a beauty brand that sells cosmetics and fragrances.
Rihanna and luxury conglomerate LVMH decide to close the Fenty chapter and invest in other projects. Rihanna's partnership with the world's largest luxury conglomerate, LVMH, has just ended a chapter. The two parties announce that they intend to close the clothing brand Fenty just two years after its launch.