Tuesday, March 2

TSR Big Bank Biz: Rihanna’s Savage X Fenty Now Worth $1 Billion

According to @forbes#Rihanna has made a big bag with #SavageXFenty. The lingerie line is now valued at $1 billion dollars!

“Fashion, culture and private equity have collided with Rihanna’s successful Savage x Fenty hitting another major milestone by raising its $115 million Series B funding round, at a $1 billion valuation,” Forbes reports.

While many of her fans are still waiting on that #R9 album, Rihanna has been occupied growing her business. The lingerie brand’s revenue grew by more than 200% last year. Savage x Fenty also “increased its active VIP member base by more than 150%,” according to a statement from the company, Forbes also reports.

Rihanna is no stranger to getting that coin. In 2018, Rihanna’s Fenty beauty line accrued $558 million in the first year of its operation.

Most recently, Rihanna teased fans with ‘R9’ on Instagram. She took to the social media site and posted a video that was captioned, “Nobody:” She added, “R9.”

As you may know, the mogul also has a new man in her life. A source apparently told People, that both Rocky & Rihanna have been “inseparable for the past few weeks.” Judging by the huge smile on their faces when they were going tubing and the intimate convos they were having on their beautiful yacht, I don’t doubt it! The couple have been spotted together in NYC around Thanksgiving, and most recently on Christmas Even hand in hand. Now, it may be safe to say they could be ringing in the new year together and kickin’ off 2021 on those boo’d up vibes.

We love to see it!

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