Rihanna an entrepreneur? Since the release of “Pon de Replay,” Rihanna has gone a long way. The well-known fashion designer, actor, entrepreneur, and cosmetics company owner has recently been making news. With her business endeavors. She is also a vocalist. She has many skills.
Rihanna has become the wealthiest female singer in the world. After amassing a fortune of $600 million. Surpassing Madonna. Who has a fortune of $570 million. Céline Dion has a fortune of $450 million. And Beyoncé, who has a fortune of $400 million. Rihanna’s wealth, on the other hand, was not an overnight success. She nearly started from scratch when building her empire, and it does not appear that she will be slowing down any time in the near future.
The entrepreneur, who is 31 years old and lives in Paris, entered into a partnership. With the LVMH Mot Hennessy Louis Vuitton design company. As a result, she became the youngest and first woman of color to achieve a label. Under the Paris-based fashion house.
In addition, Rihanna is the first woman to develop her own original brand. As a part of the premium conglomerate.
The first new fashion house to be established by LVMH in the last 32 years. Her brand will undoubtedly make a name for itself in the fashion industry. There is no denying that the Fenty brand is making headlines. But how did the company get its start?
Rihanna Fenty was born on February 20th, 1988 in the city of Saint Michael in the Caribbean island nation of Barbados. Rihanna claims that when she was a young child, she was mesmerized by her mother’s lipstick. This was long before Rihanna became the absolute icon that she is today. When she first started applying makeup on her own, she saw it as a chance to improve her self-expression. In ways that were more adventurous and outlandish. She credits her experiences with impetus for her to found the brand “Fenty Beauty.”
She may not have a business degree, but she’s been to the School of Hard Knocks. Nevertheless, there was obviously something lacking. Rihanna observed that the makeup industry still had a lot of room for improvement. In terms of catering to women with a variety of skin tones and kinds. Rihanna’s goal in launching Fenty Beauty was to create a beauty brand that catered to the needs of every woman. To do this, she developed a variety of products designed to work with a variety of skin tones and textures.
They are one of the most inclusive cosmetic brands in the world. Rihanna’s Fenty Beauty provides more than 40 foundation tones and 50 concealer shades. Making it one of the most comprehensive makeup lines available. Because Fenty Beauty was such a success, the brand made a comfortable $100 million in sales in its first 40 days of operation. After only 15 months in operation, Fenty Beauty brought in an estimated total of $560 million in revenue.
Rihanna advised her fans, “Makeup is there for you to play around with and have fun with.”
“There should never be a sense of being under pressure.” There should never be a sense of wearing a uniform. You should not be afraid to try new things, even if they might fail, and you should not be afraid to take chances and risks. Rihanna’s beauty brand was the first to wear the Fenty name. But she had been invested in the fashion industry long before September 2017. When Fenty Beauty first appeared on the scene.
The first foray of the icon into the world of clothing
Rihanna has always been quite a fashion hero. But in December 2014 she made her official debut in the fashion industry. When she accepted a position as creative director for the sportswear brand Puma. She was in charge of producing collaborations. With the brand for women’s clothing and footwear. Her responsibilities included production and production management. Fans took notice almost immediately. After the singer unveiled her first trainer with Puma in the fall of 2015. Within three hours, the piece sold out entirely. Rihanna collaborated with Puma on various collections throughout the course of the subsequent two year And gained widespread appreciation for her efforts in this capacity. According to an article in Vogue Magazine. “When a prominent person tries their hand at another discipline, the results can sometimes be inconsistent.” “And yet, there are those exceptional circumstances in which choosing the alternative brings a pleasant surprise.
Rihanna should also be added to that list if the collection she exhibited today is any indication.
Let’s fast forward to September 2018, when Rihanna debuted the first Fenty-branded clothing at New York Fashion Week. Once more, the businessperson was hard at work, and this time she was selling lingerie. The brand, which established underwear for women of all body shapes has the name “Savage X Fenty,” was in line with the inclusion that Fenty Beauty promotes. And it turns out that inclusiveness is a selling point.
Today’s iteration of the Fenty brand
After achieving such staggering levels of success in the cosmetics and lingerie industries, Rihanna has decided to take her next step. Into the realm of luxury fashion with none other than LVMH. This French international luxury goods conglomerate owns approximately 60 companies. Each of these is responsible for the management of a distinguished brand. Fenty will join the ranks of prestigious fashion houses such as Christian Dior, Louis Vuitton, Marc Jacobs, and others.
Rihanna has not released a full-length album since 2016. Yet the star still makes an average of $70 million per year from her back catalog thanks to royalties and downloads. Rihanna’s annual earnings will climb due to the addition of Fenty brand to the fashion house. The Louis Vuitton brand has been around for 165 years, and has a current value of $39.3 billion. During the first three months of 2019, the LVMH group as a whole saw an increase in revenue of 16%, totaling $14.1 billion. On the Fenty website, you will be able to purchase ready-to-wear ensembles, footwear, and accessories.
However, a pair of Fenty sneakers will set you back $625. A Fenty jacket will set you back $1,100. And a Fenty t-shirt will cost you $250. So start saving fishing for pennies in your futon.