(AllHipHop News) Rihanna’s fashion brand Savage X Fenty is headed for even more success after bosses at the label scored $50 million in funding.
The singer and the team behind the line previously secured $20 million.
They recently earned investments from executives at several firms, including those at mentor Jay-Z’s Marcy Venture Partners LLC.
The news follows last week’s announcement that a runway show featuring the lingerie company’s latest looks will air exclusively on Amazon’s streaming service in over 200 territories worldwide next month.
Though she has not released an album since 2016, Rihanna is still raking in a huge income thanks in large part to her beauty line.
According to reports, Rihanna also owns 15% of the Fenty brand, which is worth an eye-popping $3 billion.
In June, Forbes named Rihanna the world’s richest female musician with an estimated net worth of $600 million.