Congrats are definitely in order for Rihanna, she confirmed the news on instagram on May 10th @fenty” on her Instagram story which lead you to a Fenty brand page with the “Fenty” logo. She also stated in her post, “big day for the culture. Thank you Mr. Arnault for believing in this little girl from the left side of an island, and for giving me the opportunity to grow with you at @LVMH. This is proof that nothing is impossible. Glory be to God.” The 31 year old singer’s network is estimated at $260 million and now she will become the first woman to create an original brand at LVMH.’it was also confirmed the star will be ‘the first woman of color at the top of an LVMH maison, and her line will be the first new house created by the group since Christian Lacroix in 1987.