Jay-Z has sold off a 50 percent stake in his Armand de Brignac champagne brand, reports CNN. Jay has recently reached a deal with luxury conglomerate LVMH, which also owns brands like Dom Pérignon and Moët & Chandon.

Even Rihanna isn't pandemic-proof. LVMH, the luxury goods company that backed her Fenty fashion label is putting Rihanna on the back burner for now after sales got off to a slow start and then slowed down even more once the pandemic hit.

Everything Rihanna touches turns to gold. That's not an exaggeration. Now, reports are surfacing that Ms. Fenty is poised to make the move into fashion via a deal with luxury conglomerate LVMH.

Jay-Z Net Worth, Wealth and Career Earnings: Jay-Z is an American rapper, producer, songwriter and business man. As of this writing, Jay-Z's net worth is $2.0 billion. Jay-Z has earned his net worth through his career in the music industry, and as...

Rihanna is a Barbados-born singer, songwriter, actress, and entrepreneur who has a net worth of $1.4 billion. That net worth makes Rihanna the richest female musician in the world. A large portion of her net worth is attributable to the value of h...

Bernard Arnault is a French billionaire entrepreneur who has a net worth of $155 billion. Bernard Arnault earned his fortune as the chairman and chief executive of the world's largest luxury goods company, LVMH.

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