Rihanna's Savage X Fenty Brand Could Go Public This Year The singer is reportedly working with Goldman Sachs Group and Morgan Stanley on a multi-billion-dollar IPO for her lingerie line.

By Chloe Arrojado

Jeremy Moeller | Getty Images

On Thursday, Bloomberg reported that singer and entrepreneur Rihanna is considering an initial public offering for lingerie company, Savage X Fenty. It's believed that the IPO could value her company at $3 billion or more and further her billionaire status.

The brand is reportedly working with banks including Goldman Sachs Group and Morgan Stanley, and a listing could go public as soon as this year. Savage X Fenty raised $125 million in Series C funding in January from investors that include one of Jay-Z's venture capital firms and a private equity firm backed by LVMH's Bernard Arnault. Its total funding now amounts to $310 million.

Related: Rihanna is Officially a Billionaire and the Richest Female Musician in the World

Since the beginning of this year, Savage X Fenty has also been taking big steps to reach consumers in the brick-and-mortar space. The brand has two physical locations in Las Vegas and Los Angeles, with a plan to launch in cities such as Houston and Arlington.

can't believe it's actually that time, and I can't wait for you to have this experience irl…. our very first locations: Las Vegas, Los Angeles, Houston, Philadelphia, and Washington DC. watch the @SavageXFenty feed for details

— Rihanna (@rihanna) January 7, 2022

A number of entrepreneurial ventures have catapulted Rihanna's net worth to $1.7 billion. Besides Savage X Fenty's launch in 2018, Rihanna's business portfolio also includes cosmetic companies Fenty Beauty and Fenty Skin.

Related: Business Lessons to Learn From Rihanna, the Woman of Mettle

Chloe Arrojado

Entrepreneur Staff

Editorial Assistant

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Here's How Much a Typical Google Employee Makes in a Year

Compensation for the median Google employee was up 5% in 2024 compared to 2023, according to a new U.S. Securities and Exchange Commission filing.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Marketing

He Lost Billions as Apple's Forgotten Co-Founder. Now He's Pitching a Beloved Apple Beer

Busch Light Apple is back, and it found the perfect spokesperson

Growing a Business

A Loyal Customer Asked Him to Cater One Event. Now, He Runs More Than 1,000 a Year.

Sebastien Centner of Eatertainment discusses the five percent rule, his creative partnership with his wife and delivering more than what's on paper.

Leadership

'If You're an Educated American, You've Already Won Life's Great Lottery': Dana Perino on Chasing Your Goals and Rethinking What Success Really Means

In her new book, "I Wish Someone Had Told Me," Fox News Channel host Dana Perino shares the best advice she's ever received.

Business News

Jeff Bezos-Backed Tesla-Rival Launches an 'Affordable' and Customizable EV Truck. Here's What It Looks Like.

Slate Auto has launched its reservation site, where truck buyers can create a vehicle with a spate of customizations.