Rihanna meet your new neighbor, Rihanna.
The 33-year-old mogul just snapped up a property for $10million in Beverly Hills which is next door to the one she had purchased for $13.8million just three months earlier, which will total her to over an acre of land in the area according to a Tuesday report from The Hollywood Reporter.
The Fenty Beauty and Skin founder will have plenty of celebrity neighbors including Paul McCartney across the street while others 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.
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Starry history: Last month it was reported that the 33-year-old mogul had purchased the stunning neighboring Beverly Hills property for $13.8 million, as her latest property could be seen to the left of it in this image
The superstar singer and cosmetics industry tycoon’s new property features four bedrooms as it sits on half an acre.
The publication reports that the property was never on the open market.
However tax records obtained by THR show that the gated property was built in the late 1930s and features a family sized house.
She definitely has her money: Rihanna just snapped up a property for $10million in Beverly Hills
Simply stunning: Rihanna is seen here in New York back in October 2019
In the cut: The Fenty Beauty and Skin founder will have plenty of celebrity neighbors including Paul McCartney across the street while others 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
Gorgeous: The superstar singer and cosmetics industry tycoon’s new property features four bedrooms as it sits on half an acre
Wow factor: There is also an a family room that opens up into an eat-in kitchen
Amazing: The kitchen features an updated stovetop and breakfast bar
Beautiful: There is a door which goes straight to the sprawling backyard
The half-acre estate had sold for $5.1million back in 2015 to a non famous couple which means that they doubled their money by selling to the megastar.
In addition to four bedrooms there are also 4.5 baths and just over 3,500 of living space.
The actual home is a Tudor-style structure with formal dining and living rooms.
There is also an a family room that opens up into an eat-in kitchen.
Wonderful: A formal dining room is pictured
Amazing: There is also a formal living room
Outside seems to be the perfect place to play host as there is a very spacious backyard complete with a swimming pool and terraced patch of lawn.
With her two recent property purchases, The Hollywood Reporter says that the Fenty Beauty and Skin founder sits on over an acre of land total with more than 11,000 square feet of living space, plus two swimming pool and off-street parking for at least 10 vehicles.
Last month it was reported that Rihanna had purchased the stunning neighboring Beverly Hills property for $13.8 million.
Making money moves: An office area is pictured
Nice: An additional living area is seen on the second floor of the home
The five-bedroom home – featuring an open-air courtyard – 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 mansion was also 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.
Lap of luxury: The main bedroom features a private balcony
Making a splash: The main room bathroom includes both a standing shower and tub
In the details: One of the other three rooms in the home
News of the purchase came just 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.
In early March 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.
Oasis: The five-bedroom home also features an open-air courtyard
Fun in the sun: Outside seems to be the perfect place to play host as there is a very spacious backyard complete with a swimming pool
In February, 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.
Greenery: There is also a terraced patch of lawn
Splashing the cash: There is an outdoor dining area
Summer ready: The publication reports that the property was never on the open market
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.
Wow: Last month it was reported that Rihanna had purchased the stunning neighboring Beverly Hills property for $13.8 million
Stunning: 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
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.
Hollywood royalty: The mansion was also once owned the I Dream of Jeanie creator Sidney Sheldon’s daughter Mary Sheldon.
Stunning: Totally remodeled: Daniel Starr, who paid Sheldon $4.3 million for the estate, chronicled his renovations of the home on Bravo’s Million Dollar Listing