Rihanna purchased a stunning $13.8 million Beverly Hills mansion with an open-air courtyard and pool across the street from Sir Paul McCartney, who she previously worked together on the hit FourFiveSeconds in 2015.
The five-bedroom home includes seven bathrooms, is located on a secluded and lush cul-de-sac in the mountains sprawling 21,958-square-foot lot and was originally built in the 1930s.
The 33-year-old mogul’s other neighbors on the same quiet street include Mariah Carey, who has been leasing a property a few doors down for years and recently Madonna amid the ongoing COVID-19 pandemic.
Rihanna’s new digs were once owned the I Dream of Jeanie creator Sidney Sheldon’s daughter Mary Sheldon.
Daniel Starr, who paid Sheldon $4.3 million for the estate, chronicled his renovations of the home on Bravo’s Million Dollar Listing.
After reportedly spending ‘millions to demolish and rebuild nearly every inch of the house’ he later sued his contractors for ‘fraud and shoddy workmanship,’ according to Dirt.
He then listed the home for $15 million, but seemed to settle for an off-market negotiation with the Diamonds singer for $1.2 million less, according to tax records viewed by.
The property is a perfect place for the Fenty Beauty founder as it offers complete privacy from the street with its tall hedges.
It also features a ‘sophisticated design’ that ‘blends both contemporary and traditional elements,’ with a modern farmhouse look and a black metal roof, per the listing.
The space includes an open-air central courtyard with an al fresco terrace, pool, spa and multiple firepits.
Inside, the kitchen is full of marble surfaces, two islands and brass fixtures.
The purchase comes one week after news broke that she would be expanding her fashion and beauty empire to include a line of haircare products and tools under the name of Fenty Hair.
Earlier this month, she filed a trademark for an array of new products, including relaxing tools, waxing, straighteners, curlers and hair coloring preparations.
The application also specifically states the new product line will include non-medicated dandruff shampoo, hair restoration lotions and hair glitter.
Her tentative business venture, which she has not confirmed, comes as she recently hit the brakes on her Fenty fashion line, which was launched in May 2019.
Last month, LVMH said in a statement that the brand, based in Paris, would be ‘put on hold’ pending better conditions – a rare setback for the luxury group, which has weathered the COVID-19 pandemic better than most rivals.
Rihanna – named the richest female musician in the world in 2019 – is said to be ‘sad’ at the decision, but her popular Savage X Fenty lingerie line, cosmetics lines Fenty Beauty and Fenty Skin are set to continue.
Her underwear brand generates about $150million in revenue, The New York Times reported in December last year – but was not at that time profitable.
Fenty Skin had sales of $30million in under four months on its e-store, WWD reports.
Fenty Beauty reportedly generated $570million in revenue in 2018, according to Forbes.
The performer first put out her makeup line three years ago at Sephora, racking up sales eclipsing $100million over the course of its first few weeks.
By contrast, when asked about Fenty last October, LVMH’s finance chief Jean-Jacques Guiony called it ‘a work in progress’.
He added: ‘We are still in a launching phase, and we have to figure out exactly what is the right offer. It’s not something that is easy.’
Fenty fashion’s Instagram account has 1 million followers; Savage x Fenty by Rihanna has 4 million and Fenty Beauty by Rihanna 10.6 million. Fenty Skin has 852,000 followers.
Fenty – named after the Umbrella hitmaker’s full name, Robyn Rihanna Fenty – was meant to build on the singer’s joint cosmetics venture with LVMH, with a full range of clothing, shoes and accessories.
But the line was pricey – nearly $1,000 for a padded denim jacket and $810 for a corseted shirtdress – and failed to generate as much interest as her other lines.
LVMH and Rihanna added in a statement: ‘LVMH and Rihanna reaffirm their ambition to concentrate on the growth and the long-term development of Fenty ecosystem focusing on cosmetics, skincare and lingerie.’
Savage x Fenty – the singer’s underwear line – recently secured $115 million in fundraising led by private equity firm L Catterton connected to LVMH.
LVMH did not elaborate on the reasons for hitting the pause button on Fenty but after a big launch and debut collection, the brand kept a low profile and never followed up with major marketing events, even before the COVID-19 crisis.
Its Instagram page had not posted since January 1 and has not released any new clothes since November last year.
