Rihanna Owned Savage X Fenty Considers IPO at $3B Valuation

Rihanna has more to celebrate than just her pregnancy. The nine-time Grammy award winner may soon be seeing more money added to her billionaire status.

Yahoo Finance’s Allie Canal has reported that Rihanna’s lingerie company, Savage X Fenty, is eyeing an IPO.

According to Canal who cites Bloomberg, Rihanna and her team are potentially eyeing an IPO for Savage X Fenty. Now, if this were to happen, it would value the company at a whopping $3 billion, and could come as soon as this year, said Canal.

Rihanna maintains a 30% stake of that company which has expanded into brick and mortar locations throughout California and Las Vegas. The company also just raised $125 million in its latest funding round in January. The round was led by Neuberger Berman with participation from prior investors, L Catterton, Avenir Growth Capital, Sunley House Capital Management, and Jay-Z’s Marcy Venture Partners, as reported by Bloomberg.

According to Forbes, Rihanna already has a net worth of $1.7 billion. That makes her the wealthiest female musician, and second only to Oprah Winfrey as the richest female entertainer.

Next to Savage X Fenty, Rihanna also has her cosmetics line Fenty Beauty. This is a 50-50 joint venture with LVMH, and has actually contributed the most to the singer’s wealth, an estimated 1.4 billion according to Forbes.

The artist is reportedly working with a team of advisors on an initial public offering (IPO), which values the lingerie brand at $3 billion.

Savage X hasn’t made a final decision on the IPO and its adjoining plans or confirmed these rumors, the company is reportedly working with Goldman Sachs and Morgan Stanley to make the listing available on the stock market later this year.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.