Rihanna’s Savage X Fenty Worth $1Billion

For, her Savage X Fenty brand has now been valued at $1 billion, according to Forbes.

The news comes after the brand raised $115 million in a round of Series B Funding.

Private equity firm L Catterton, in which LVMH Moët Hennessy Louis Vuitton has a stake and will put the money toward expanding the brand into more retail locations.

Savage X Fenty saw a huge increase of 200% in sales last year and “increased its active VIP member base by more than 150%,” according to the company.

Previously, Rihanna’s stake in the company was estimated at $85 million. That number has now climbed all the way to $375 million.

The brand was first launched in 2018 and many insiders now predict that it could become the global lingerie market leader by 2025.