Rihanna Steps Down as CEO of Savage X Fenty

Rihanna's most recent announcement has shaken the world of fashion. The queen of pop, creator of Fenty Beauty, and founder of the Savage X Fenty lingerie line, confirmed that she'll be stepping down as CEO of Savage X Fenty.

Yep, you read that right. Rihanna will no longer be in charge of the lingerie brand that she founded in 2018. But don't fret, she's not leaving the company altogether. Instead, she'll take on a new role as executive chair, while Hillary Super, former CEO of Anthropologie Group, will be the new chief executive. "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," said Rihanna in a statement. "This is just the beginning for us, and we’re going to continue to expand in ways that always connect with the consumer."

And let's talk about Super for a second. This lady is a boss! She's held leadership positions at Guess, American Eagle, Gap, and Old Navy. Now she's taking the reins at Savage X Fenty and she's ready to take the business to an even higher level. "The brand is a major powerhouse in the lingerie and apparel industry, and its unwavering commitment to celebrating inclusivity and fearlessness is inspiring," said Super. But what makes Savage X Fenty so special, you ask? Well, it's all about inclusivity! From darker shades of makeup to larger sizes of underwear, Rihanna is all about making sure that everyone feels represented. And it's paying off! Savage X Fenty recently reached a valuation of $1 billion in 2021. That's a lot of money!

So, what's next for Rihanna? Well, she's still the boss of Fenty Beauty, which reportedly earned $558 million in its first year. And there's no denying that she's a savvy businesswoman. Forbes estimates her net worth at $1.4 billion. That's billion with a B! In conclusion, don't worry about Rihanna stepping down as CEO of Savage X Fenty. She's still involved and she's passing the baton to someone just as fierce as she is. And who knows what she'll do next? Whatever it is, we'll be watching!