Rihanna Secures Extra $50 Million For Lingerie Line
With an additional $50 million from investors for her Savage X Fenty lingerie line, Rihanna is gradually becoming one of the biggest businesswomen in the music industry.
According to a report from the Wall Street Journal, Rihanna’s business was able to secure the new investments following a strong first year.
The company already had $20 million stacked from investors, bringing its new total to $70 million.
The new cash comes from Jay-Z’s venture firm Marcy Venture Partners LLC along with “growth-equity firm Avenir Growth Capital”. Rihanna reportedly also invested millions of her own money into the brand