How much of Fenty does Rihanna own?
How much of Fenty does Rihanna own?
An estimated $1.4 billion of that fortune comes exclusively from Fenty Beauty, of which Rihanna owns a 50 percent share. Much of the rest of her net worth — around $270 million — comes from sales stemming from her music and acting career along with her stake in her lingerie line, Savage x Fenty.
Who owns most of Fenty beauty?
LVMH Fenty Beauty, which is a 50-50 joint venture with French luxury goods conglomerate LVMH (run by Bernard Arnault, the world's second-richest person), launched in 2017 with the goal of inclusivity.
How much money does Rihanna make from Fenty?
- Still, if Fenty Beauty products are selling up to $500 million a year, the Grammy award winner would still be earning a cool $50 million, which isn’t bad but if you’re already going to present the business as your own, one may as well own a 100 percent stake similar to the Kardashians.
When did Rihanna's Fenty Beauty line come out?
- It launched in September 2017 at Sephora, another LVMH brand, and online at FentyBeauty.com, quickly becoming a viral success. Fenty Beauty racked up a reported $100 million in sales in its first few weeks, propelled by Rihanna’s fame and 71 million Instagram followers.
Who owns Fenty cosmetics?
- Kendo, the company who owns Fenty Beauty, also owns Kat Von D Beauty, Marc Jacobs Beauty, Bite Beauty, and another beauty company. I don’t think any celebrity, no matter how rich, would want to foot the bill for creating a huge cosmetics company from the ground up and fight the battle of getting into the stores.
Where did Rihanna get most of her money from?
- Most of that comes not from music but from her partnership with LVMH, the French luxury goods giant run by billionaire Bernard Arnault. Rihanna (pronounced "Ri-ann-ah," not "Ri-ah-nah," as she recently clarified) and LVMH co-own the makeup brand Fenty Beauty.
