Rihanna’s $34.8 million fashion loss highlights the high cost of luxury bets
Rihanna lost $34.8 million from her Fenty fashion line with LVMH, which also lost $34.9 million before shutting down the label.
Fenty Brand
Rihanna loses $400 million, but net worth stays above $1 billion
According to Forbes, which recently updated its estimate of her net worth, Rihanna’s wealth has dropped from $1.4 billion to $1 billion.
Rihanna’s next billion-dollar move: The cosmetics mogul sets sights on new ventures to boost Fenty Brand
Rihanna is not resting on her laurels.