What is Savage X Fenty's net worth in 2021?
17 February 2021, 16:24 | Updated: 17 February 2021, 16:46
Forbes has revealed the valuation of Savage X Fenty in 2021. Here's everything we know about Rihanna's lingerie brand.
The makeup brand 'Fenty Beauty' launched in 2017 and expanded into skincare in 2020 has proven to be one of the star's biggest money makers.
Another, being Rihanna's luxury underwear brand for women and men 'Savage X Fenty'.
But, how much is 'Savage X Fenty' worth?
How much is Savage X Fenty worth?
Savage X Fenty and Fenty Beauty are co-owned by LVMH – a French conglomerate corporation specialising in luxury goods, owned by Bernard Arnault.
On Tuesday (Feb 16) Forbes announced that Savage X Fenty is now worth $1billion in 2021.
The publication has also previously estimated Rihanna’s stake in the buisness to be worth approximately $80million.
The exact details of the shares are unknown. Whereas for Fenty Beauty, Forbes estimate Rihanna’s stake is worth $375 million.
The luxury underwear brand Savage X Fenty is mostly known for diversity and inclusivity – not only with models, but also with the products.
Who is the CEO of Savage X Fenty?
Robyn Rihanna Fenty is the CEO and Creative Director of Savage X Fenty.
In partnership with a team, with industry experts the brand made a groundbreaking entrance in 2018.
“We want to make people look good and feel good,” Rihanna said about her lingerie line. “We want you to feel sexy and have fun doing it.” the star added.
Rihanna launched the brand in May 2018, with the first drop comprising 90 pieces of lingerie, sleepwear and accessories, including four capsule collections.
The brand has been praised for making bras are available from a 32A to 44DD, with lingerie, underwear and loungewear coming in sizes from XS to 3XL.
The price point was also a bonus for customers of the brand, as they are relatively "affordable".