Luxury goods giant Louis Vuitton Moët Hennessy (LVMH), is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Rihanna.

Fenty Beauty could be valued at somewhere between $1 billion to $2 billion. Elf Beauty bought Hailey Bieber's company Rhode for $1 billion earlier this year.

In 2017, the singer launched Fenty Beauty with the help of Kendo Brands, LVMH’s internal beauty incubator. Rihanna and LVMH each own half of the company. The range includes makeup, skincare, haircare, and perfume. The products are available at Sephora and on Amazon, among other retailers.

In May 2022 Rihanna became the youngest self-made billionaire in the United States with a net worth of $1.7 billion according to Forbes . However Rihanna's net worth has declined to $1 billion reflecting bot

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