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News August 4, 2021
By Snobette
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News

Rihanna Is Now A Billionaire Fueled Mainly By 50-Percent Ownership Of Fenty Beauty

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August 4, 2021. Leave a Comment

St. Michael, Barbados-born Robyn Rihanna Fenty has been declared a billionaire by Forbes, with the publication putting her worth at an eye-popping $1.7 billion. Most of the 33-year-old’s wealth, $1.4 billion, can be attributed to Fenty Beauty, which she retains a 50 percent stake in. The breakdown of her share in Fenty Beauty is noteworthy because it’s long been debated whether she or LVMH has control of the company.

Lingerie brand Savage X Fenty, in which Rihanna holds a 30% stake, contributes an additional $270 million with the rest coming from her earnings as a chart-topping musician and actress. A joint venture with TechStyle, the brand raised $115 million in funding in February and carries a $1 billion valuation. Investor’s include Shawn “Jay-Z‘ Carter’s Marcy Venture Partners and investment firm L. Catterdon, which LVMH CEO and Bernard Arnault (the second richest man in the world) is invested in.

Her financial worth makes her the wealthiest female musician in the world and is second only to Oprah Winfrey as the world’s richest female entertainer.

Beauty Fenty Beauty Lingerie News Rihanna Bernard Arnault Jay Z LVMH Oprah Winfrey TechStyle

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Mitchell & Ness is getting cooked on the styling f Mitchell & Ness is getting cooked on the styling for its newly launched NBA dresses. Someone said they gentrified the jersey dress. Do you see a problem here?
Today Harley-Davidson drops its first foray into f Today Harley-Davidson drops its first foray into fashion with #HDCollections an assortment of unisex lines ranging from rare vintage pieces, to cozy classics like hoodies and sweatpants to luxe leather pants and jackets.

Designed in New York under the creative direction of newly appointed Central Saint Martins alum, Louise Goldin, the collection of lines aims to tap into the ever hot moto trend. 

Available on hdcollections.com.

Thoughts?

#motostyle #harleydavidson
Marc Jacobs pretty much owned a good portion of th Marc Jacobs pretty much owned a good portion of the 2000's when it came to accessories, mostly handbags. 
(See our stories for throwbacks)

This year he relaunches the 'Stam' bag named after  model Jessica Stam. The campaign shot by Harley Weir, styled by Alistair McKimm highlights the dolls of that era: Ashanti, Paris Hilton, Selma Blair and Ashlee Simpson!

Did you own a Marc Jacobs or Marc by Marc bag?
#Snobette#internationalwomensday mood cause here i #Snobette#internationalwomensday mood cause here its women's day 365 days a year!

Cheers to us🥂

Walk by queen Omahyra Mota for Harris Reed debut as Nina Ricci's creative director.
For all the awareness that many have tried to crea For all the awareness that many have tried to create in high fashion about diversity, most large houses like #Prada and #MiuMiu now cast a few Asian and Black models. The commitment to skinny bodies only tho is unwavering!

Shout out to cutie #ZayaWade  who made her runway debut at Miu Miu’s fall '23 runway show!
Jerry Lorenzo unveiled his Essentials by Fear of G Jerry Lorenzo unveiled his Essentials by Fear of God spring '23 collection. Styled by Veneda Carter who took inspiration from dancers in styling, the assortment includes the introduction of corduroy as a new material and as always a beautiful color palette.

Do you have a favorite Essentials piece? 

Now on fearofgod.com
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