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Rihanna is expanding her empire! It is no secret hair has been important to Rihanna’s identity. Now she is taking that passion into the business world. The mogul took to social media to announce Fenty Hair will launch on June 13, 2024, and cater to every hair type. “A new family is moving in! @fentyhair is pullin up and it’s time to finally have the hair experience you’ve been waiting for,” she wrote on Instagram. “You know how much switching my hair up matters to me. I’ve had almost every texture, color, length, from weaves to braids to natural- so I am launching a flexible line of products for not only every hair want, but every single product is designed to strengthen and repair all types of hair, which is what we truly need! It’s time to play and get stronger by the style . WE COMING 6/13, but sign up NOW so you can get access and shop before anyone else FENTYHAIR.COM.” View this post on Instagram A post shared by badgalriri (@badgalriri) At the time of this writing, it is...
A little while back, Rihanna announced that she would perform at the upcoming Super Bowl halftime show. This announcement had the Navy in a tizzy, as it sparked rumors about potential new music. Rihanna at the superbowl: pic.twitter.com/OlyqntS0eO — toss a coin to your witcher (@itsayosigns) September 25, 2022 Of course, the Internet did what it does best and took the rumors and created memes about how Rihanna would continue on her music hiatus and, instead, use the moment to promote her cosmetic and lingerie lines.
Billionaire Rihanna has been elevating her empire. More recently, she’s reportedly filed a trademark for a potential new venture, Fenty Hair. This brings into question — how essential is a trademark in the business world? Trademark attorney Rosezena J. Pierce, who leads RJ Pierce Law Group, one of the top 50 trademark firms in the country, stopped by AfroTech to answer all of our burning questions on how important trademarking is in order to establish brand authority and protect yourself as an entrepreneur.
Reclaiming master recordings is a celebratory moment for every artist. The feat empowers artists by reclaiming ownership of what is rightfully theirs as they now own the copyrights to the original sound recordings of their favorite tunes. According to The Philadelphia Inquirer, “‘By definition, that makes it the most authentic superior sonic account of the song.'” Not only that but owning one’s masters can be the stepping stone to creating wealth for future generations, thanks to royalties earned each time a song is played or duplicated. Although there is no fine print to the accomplishment, artists including Anita Baker, Rihanna, and Frank Ocean, have used their voices to earn back their master recordings. Here’s AfroTech’s inside look at their journeys.
Two of the biggest female musicians have linked up. Beyoncé and Rihanna have reportedly been named as investors in Destree, a French ready-to-wear and accessories brand that aims to not only double the size of its team but also “open its first freestanding stores and reach deeper into several markets,” Billboard reports. In its Series A funding round, Destree is not only racking in the support (and dough) from Beyoncé and Rihanna. Familiar faces like Jessica Alba, Reese Witherspoon, Gisele Bündchen, and more, also participated along with Sequoia Capital China, who led the round, according to Crunchbase.
Rihanna is now the richest Black female musician — and the second-richest Black female entertainer — in the world. That’s thanks to her appearance on the Forbes Billionaire list for the first time. According to the outlet, Rihanna has an estimated net worth of $1.7 billion. The Savage X Fenty founder — who, according to CNBC, derived the vast majority of her wealth from her non-musical career — is not only the world’s wealthiest Black female musician but the world’s wealthiest female musician. She is also the second-richest Black female entertainer in the world ( Oprah Winfrey, with an estimated net worth of $2.7 billion, surpasses the woman born Robyn Fenty in Barbados). CNBC also reports that her beloved beauty brand has achieved unicorn status — that is, has a valuation of more than a billion dollars — which will only further add to her net worth in the future. “Fenty Beauty — which comes from the singer’s last name — is currently valued at about $2.8 billion, and was founded in...
The Forbes billionaire list has dropped, and Black men and women have landed on the list again. There are, of course, some “old reliables” on the list — names we’ve become used to seeing, and naturally equate with billionaire status. For example, Michael Jordan, Kanye West, and Jay-Z all made the Forbes billionaire list, though their placements on the list may be different than in previous years. Oprah, too, made the list — and she’s the richest Black American woman on the list, with a net worth totaling nearly $3 billion. Rihanna, too, made the list for the first time in history. What’s more, African billionaires made the list. Aliko Dangote — the richest man in Africa, whose career has been covered extensively at AfroTech — is the richest Black man in the world, with a net worth of an impressive $14 billion. Other African billionaires that made the list include Patrice Motsepe and Mike Adenuga. Interestingly, the Black billionaires from the United States are — with few exceptions...
Rihanna is in full business mode! Just last week, AfroTech reported that the mogul is reportedly working with advisers on an initial public offering for Savage X Fenty this year, which would bring its valuation to $3 billion or more. Now, she’s said to be taking her empire to the metaverse. Rihanna has filed for a Fenty trademark through Roraj Trade LLC, Boardroom reports. The announcement comes in from trademark attorney Josh Gerben of Gerben Law, who broke the news via Twitter. “Rihanna has filed a new trademark application indicating that she will offer “virtual” cosmetics and hair care products under her FENTY brand. Coming to a virtual world near you soon…” he wrote. Rihanna has filed a new trademark application indicating that she will offer "virtual" cosmetics and hair care products under her FENTY brand. Coming to a virtual world near you soon… #Rihanna https://t.co/PhTqfi4jFu — Josh Gerben (@JoshGerben) March 15, 2022