Rihanna, also known as Robyn Fenty, is a music superstar and cosmetics billionaire. She is one of the world’s wealthiest Black individuals and was once America’s youngest self-made billionaire. Although her net worth has decreased from $1.7 billion to $1.4 billion, she still ranks among the global billionaire elite.
Rihanna’s main source of wealth is her cosmetics empire, Fenty Beauty, which generated $550 million in revenue in 2020. In addition to Fenty Beauty, she has also ventured into the fashion industry with Fenty x Puma and has a 30% ownership stake in Savage X Fenty, a lingerie line. Rihanna is also involved in philanthropy through her Clara Lionel Foundation and owns various real estate properties.
Key Takeaways:
- Rihanna owns Fenty Beauty, a highly successful cosmetics empire.
- She has a 30% ownership stake in Savage X Fenty, a popular lingerie line.
- Rihanna is involved in philanthropy through her Clara Lionel Foundation.
- She has invested in the fashion industry with Fenty x Puma.
- Additionally, Rihanna owns various real estate properties.
Rihanna’s Beauty Ventures: Fenty Beauty and Fenty Skin
Rihanna’s foray into the cosmetics industry has been marked by immense success with her two beauty brands, Fenty Beauty and Fenty Skin. Launched in 2017 in collaboration with LVMH Moët Hennessy Louis Vuitton, Fenty Beauty quickly gained popularity for its inclusive range of products. One of the brand’s standout offerings is its foundation, which comes in an impressive 50 shades, catering to a diverse range of skin tones. This commitment to inclusivity has been widely applauded and has set a new standard within the beauty industry.
With products available both in physical stores, such as Sephora, and through online channels worldwide, Fenty Beauty has established a global presence. The brand’s success can be attributed to its innovative marketing strategies and Rihanna’s personal involvement in its development. Fenty Beauty’s impact goes beyond revenue, as it has sparked conversations about diversity and representation in the cosmetics industry.
Building on this success, Rihanna expanded her beauty empire with the introduction of Fenty Skin, a skincare line. Launched in 2020, Fenty Skin emphasizes simplicity, aiming to provide effective skincare solutions for all skin types. The brand’s focus on clean formulations and sustainable packaging has resonated with consumers. Rihanna’s commitment to quality and inclusivity has solidified her position as a trailblazer in the beauty industry.
The Success of Fenty Beauty and Fenty Skin
| Key Highlights | Fenty Beauty | Fenty Skin |
|---|---|---|
| Launch Year | 2017 | 2020 |
| Product Range | Cosmetics | Skincare |
| Inclusive Shade Range | 50 shades of foundation | N/A |
| Retail Presence | Sephora, online channels | Sephora, online channels |
| Market Impact | Revolutionized industry standards of inclusivity | Emphasized skincare simplicity |
Through her beauty ventures, Rihanna has not only achieved remarkable success but has also challenged the status quo in the cosmetics industry. Fenty Beauty and Fenty Skin have become symbols of inclusivity and innovation, setting a new standard for brands worldwide. Rihanna’s dedication to creating beauty products that cater to a diverse range of individuals has inspired other industry players to follow suit.
Roraj Trade LLC and Savage X Fenty
Roraj Trade LLC is the holding company for Rihanna’s various ventures, including those under the Fenty trademark. Through Roraj, Rihanna has expanded her brand to include the Fenty Fashion Line, Fenty Beauty, Fenty Skin, and even a children’s brand called Fenty Kids. This strategic approach allows her to diversify her business while maintaining a cohesive brand identity across different markets.
Fenty Fashion Line
Rihanna’s Fenty Fashion Line is a high-end luxury brand that offers clothing, accessories, and footwear. Known for its bold and innovative designs, the fashion line reflects Rihanna’s unique style and creativity. The Fenty Fashion Line has gained recognition in the industry for its inclusive approach, celebrating diversity and body positivity.
Fenty Beauty, Fenty Skin, and Savage X Fenty
In addition to the fashion line, Roraj Trade LLC oversees Rihanna’s successful beauty ventures. Fenty Beauty, known for its wide range of foundation shades, has revolutionized the cosmetics industry by prioritizing inclusivity. Fenty Skin, the skincare line introduced later, has also made waves with its effective and sustainable products.
Rihanna’s ownership holdings also include Savage X Fenty, a lingerie line launched in partnership with TechStyle Fashion Group. Savage X Fenty has disrupted the lingerie industry with its inclusive size offerings and diverse marketing campaigns. The brand has gained recognition for celebrating all body types and empowering women through lingerie.
| Brand | Description |
|---|---|
| Fenty Fashion Line | Offers clothing, accessories, and footwear with bold and innovative designs |
| Fenty Beauty | Revolutionized the beauty industry with its wide range of inclusive foundation shades |
| Fenty Skin | Introduced sustainable and effective skincare products to the market |
| Savage X Fenty | Disrupted the lingerie industry by offering inclusive sizes and empowering women through lingerie |
Rihanna’s ownership holdings, managed by Roraj Trade LLC, showcase her commitment to creativity, inclusivity, and empowering individuals through her diverse business ventures in the fashion, beauty, and lingerie industries.
Other Ventures and Philanthropy
Alongside my successful beauty and fashion ventures, I am also involved in the music industry through my ownership in Tidal, a renowned music streaming service. Tidal offers a platform for artists to connect with their fans and stream their music. It has gained popularity for its high-quality sound and exclusive content, making it a preferred choice for music lovers.
Furthermore, I am proud to be actively involved in philanthropic efforts through my Clara Lionel Foundation (CLF). Established in honor of my grandparents, CLF focuses on global education, emergency response, and healthcare initiatives. Particularly, we have made significant donations to support COVID-19 relief efforts, providing necessary resources and aid to vulnerable communities.
In addition to my music and philanthropy, I also have various real estate properties. These include a luxurious penthouse in Manhattan, offering breathtaking views of the city skyline, and a stunning residence in West London, the epitome of elegance.
FAQ
What companies does Rihanna own?
Rihanna owns several companies including Fenty Beauty, Fenty Skin, Fenty Fashion Line, Fenty Kids, and Savage X Fenty. She also has ownership in Tidal, a music streaming service.
What is Fenty Beauty and Fenty Skin?
Fenty Beauty is a cosmetics brand launched by Rihanna in collaboration with LVMH Moët Hennessy Louis Vuitton. It offers a diverse range of cosmetics products, including foundation in 50 shades. Fenty Skin is a skincare line that has gained popularity in the cosmetics industry.
What is Roraj Trade LLC and Savage X Fenty?
Roraj Trade LLC is the holding company for Rihanna’s various ventures, including Fenty Beauty, Fenty Fashion Line, Fenty Skin, Fenty Kids, and Savage X Fenty. Savage X Fenty is a lingerie line launched in partnership with TechStyle Fashion Group.
What other ventures and philanthropic efforts is Rihanna involved in?
In addition to her beauty and fashion ventures, Rihanna is involved in the music industry through her ownership in Tidal, a music streaming service. She is also the founder of the Clara Lionel Foundation (CLF), which supports various causes including COVID-19 relief efforts and support for individuals experiencing domestic violence.