Rihanna’s lingerie IPO could add another billion to her fortune
After her cosmetics brand Fenty Beauty made her a billionaire last year, Rihanna’s stands to make just under another billion dollars from her lingerie company Savage by Fenty.
The firm is mulling a $3 billion public listing, which could happen sometime this year according to a Bloomberg report. Rihanna, who founded and serves as creative director and CEO of the brand, holds a 30% stake in the body-positive underwear line.
What she would net from a Savage IPO is not far behind the $1.4 billion she’s already earned from her LVMH-backed cosmetics venture, according to Forbes. She currently ranks 16th on a Forbes list of America’s richest self-made women.
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