Is Fenty owned by Rihanna?
Is Fenty owned by Rihanna?
Fenty (stylised as FEИTY) was a fashion house founded by Rihanna under the luxury fashion group LVMH (Moët Hennessy Louis Vuitton). Fenty was founded in 2017 and launched in May 2019. The fashion label made Rihanna the first woman and also the first person of colour to head a luxury brand for the LVMH group.
How much of Rihanna does Fenty own?
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.
Is Fenty Beauty black owned?
Black-owned Beauty Brands: Fenty, Topicals, Pat McGrath, Briogeo, KNC – WWD.
How did Rihanna get so rich?
No. 21 on the list is 34-year-old Rihanna, the youngest on the entire tally to have a net worth of more than one billion dollars. Her $1.4 billion comes primarily from the success of her cosmetics line, Fenty Beauty, according to Forbes.
Why did Rihanna stop Fenty?
Fashion analysts say although Rihanna has a huge fanbase, the Fenty label’s prices were too steep for most of them. But LVMH and Rihanna pledged to concentrate on the long-term development of the “Fenty ecosystem”.
Does Rihanna own 50% of Fenty?
How much of Savage X Fenty does she own? Savage X Fenty and Fenty Beauty are co-owned by LVMH, a French luxury giant owned by billionaire Bernard Arnault. Rihanna owns 50 percent of Fenty Beauty, according to The New York Post. According to Forbes, Savage X Fenty is reportedly worth $270million as of March 2022.
