According to Forbes in 2021 Rihanna became the wealthiest female musician in America and the 16th richest self-made woman in America, after Fenty Beauty, her cosmetics brand made her over an estimated $1.4 billion out of her $1.7 billion net worth. Rihanna is aiming to double that net worth through her lingerie company, Savage by Fenty.
Bloomberg reports that Savage by Fenty is considering a $3 billion public listing, which could fetch Rihanna, who is founder and CEO of the brand, close to $1 billion since she holds a 30% stake in the underwear line.
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What she would get from the IPO is not far behind the $1.4 billion she’s already earned from her LVMH-backed cosmetics venture (Fenty Beauty) as earlier reported by Forbes.
Rihanna has become a face for inclusivity and diversity and unlike in the past when lingerie brands catered solely to women of particular shapes and sizes, Savage by Fenty celebrates and includes bodies of all shapes and sizes.
The lingerie business seems to be the new oil. Skims, the lingerie outfit of fellow billionaire and ex-wife of Kanye West, Kim Kardashian doubled its valuation to $3.2 billion in January of 2022.
While this is definitely congratulatory news to the Barbadian superstar, we can hear the collective groans of her music fans. Rihanna has not released a music album since 2016’s Anti and with this rumored public offering coupled with the new baby she is expecting with American Rapper, A$ap Rocky, there is little to no hope the Navy (as Rihanna fans are called) is getting any album soon.
