Latest report gathered by our outfit indicates that singer Rihanna’s Savage X Fenty Lingerie brand is currently worth a whopping $1 billion. Rihanna launched the lingerie line somewhere in 2018 which also includes her skincare line Fenty Skin, Fenty Clothing line, Makeup range Fenty Beauty.
Report from Forbes indicates that the lingerie company secured $115 million in Series B funding, which boosted the value to a whopping $1 billion.
Savage x Fenty saw revenue growth of more than 200% last year and guess what, it increased its active VIP member base by more than 150%. Latest report also gathered by our outfit indicates that Rihanna’s estimate stake in the company was a whopping $85 million.