Judging by the valuation of just one part of her company through a new round of financing, it is pretty obvious that the one named foreign born A+ list singer who really doesn’t sing any longer, is a billionaire.

Because she doesn’t care about bragging about it though, the magazine still hasn’t come calling.

Rihanna

Fenty

Forbes

Rihanna and LVMH: Now a Savage Focus

Rihanna roiled the fashion scene on Wednesday, revealing that she is pausing her luxury maison with LVMH Moët Hennessy Louis Vuitton while roaring ahead with her Savage x Fenty lingerie, backed with $115 million in new funding.

The twin developments highlighted the challenges dressy fashion brands have faced amid the pandemic — even megastars aren’t immune — and pointed to more explosive growth in categories like innerwear and beauty.

WWD broke the news that Rihanna and LVMH mutually agreed to pause the Fenty fashion maison, less than two years after the launch.

The brand stopped posting on its Instagram account on Jan. 1, and the last collection drop on Fenty.com dates back to November 2020: nail-heeled footwear in collaboration with one of Rihanna’s favorite shoe designers, Amina Muaddi. It is understood the e-commerce site — the main distribution channel for Fenty fashions — is to go dark by the end of February or early March. – Source


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