Rihanna has become the first Black woman to build two billion-dollar companies.

Fenty Beauty and Savage X Fenty now hold a combined valuation of more than $3 billion, marking a historic milestone for Rihanna’s entrepreneurial career. Both of Rihanna’s billion-dollar companies have exceeded $1 billion individually, according to Parade.

Fenty Beauty launched in 2017 with a foundation range designed to serve a wide spectrum of skin tones. The debut drew broad attention from consumers and industry professionals, as AFROTECH™ previously reported.

“Makeup is like a secret weapon. It can go from very subtle to a complete transformation,” Rihanna told Time in 2017. She said it was “important that every woman felt included,” and explained that she remained closely involved in product development with Kendo, the brand’s parent company.

She added, “I love challenges. So I’m going to continue to have fun and push the boundaries in this industry.”

Following its early performance and global expansion through a partnership with Louis Vuitton Moët Hennessy (LVMH), Fenty Beauty was valued in the billions within its first year, Parade reports. LVMH has recently explored the sale of its stake in the brand.

After the success of Fenty Beauty, Rihanna introduced Savage X Fenty in 2018, a lingerie company that was built around size inclusivity and diverse representation, the outlet reports. Its campaigns, product assortment, and annual fashion shows helped the brand gain traction within the lingerie market.

In 2021, Savage X Fenty reached a valuation above $1 billion after raising a $115 million Series B funding round, as AFROTECH™ previously reported. At the time, the company reported revenue growth of more than 200% and an increase in its active VIP member base of over 150%. Before the round, Rihanna’s estimated stake in the company was valued at $85 million.

The brand later opened retail stores across the U.S. and secured an additional $125 million in funding from Neuberger Berman, bringing its total venture capital funding to $310 million, according to Forbes.

In 2023, Rihanna stepped down as CEO of Savage X Fenty, as reported by Vogue Business. In a statement shared with the outlet, she said, “It’s been beautiful to see our vision for Savage X Fenty impact the industry at such an incredible magnitude over the last five years … This is just the beginning for us.”

Her portfolio also includes Fenty Skin and the developing Fenty Hair line, as AFROTECH™ reported in 2024. Together with Fenty Beauty and Savage X Fenty, Rihanna’s billion-dollar companies now span beauty, skincare, and fashion. In addition to her business ventures, she also recently became the most-streamed Black female artist on Spotify, according to Hot 97.