Rihanna resigns as CEO of lingerie brand Savage X Fenty

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Rihanna resigns as CEO of lingerie brand Savage X Fenty
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Rihanna became a billionaire because of her Fenty Beauty line, and has since included the inclusive Savage X Fenty lingerie, skincare and a fashion brand.

"I’m thrilled to join the Savage X Fenty family," she told the outlet. "The brand is a major powerhouse in the lingerie and apparel industry, and its unwavering commitment to celebrating inclusivity and fearlessness is inspiring."

It's currently unclear why the "Umbrella" singer is taking a step back from one of her lucrative businesses. The Barbados-born musician, whose personal net worth is estimated at more than $1.4 billion, is pregnant with her second child with partner A$AP Rocky. They welcomed their first child together, a boy named RZA Athelston Mayers, in May 2022.

Prior to establishing her lingerie brand, Rihanna launched Fenty Beauty under LVMH's Kendo Brand in 2017.

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