This beauty mark for celebrities has the highest valuation. No, it's not Hailey Bieber's Rhode or Selena Gomez's rare beauty | Company Business News

The fast expanding beauty industry is expected to grow to a rate from 8.4 percent a year to 2028, according to Euromonitor International Ramates and with familiarities jumping into the wagon by starting their own brands, this momentum is here to stay. Beauty brands such as Fenty Beauty have turned its founders of celebrities such as Rihanna into billionaires. Model Hailey Bieber on Wednesday presented her beauty and skincare mark Rhode to eleven Beauty Inc. sold in a $ 1 billion agreement. In a statement Wednesday, eleven said it would pay $ 800 million to Rhode shareholders in a cash and equity combination. There will also be an additional potential deserving consideration of $ 200 million subject to certain performance -related conditions. While Hailey Bieber strikes a billion dollar agreement for Rhode, here are some of the top companies with the largest valuations in the world. Fenty Beauty Rihanna launched Fenty Beauty in 2017, when the makeup industry was largely missing from diversity. The pop singer created the brand with a mission that “included” women everywhere “. According to Forbes’ estimates in 2021, Fenty Beauty was worth a conservative $ 2.8 billion. Forbes has estimated that Fenty Beauty will grow more, and since then Rihanna’s brand has expanded with more products and presence in different countries, as well as at more stores online and offline. The rare beauty actor, singer and entrepreneur Selena Gomez introduced her own make -up brand Rare Beauty in 2020 and revolutionizes the beauty industry with her products that have echoed with her fans and general beauty enthusiasts. Four years later, in 2024, Bloomberg reported that the company had a $ 2 billion valuation. According to the report, Selena was in talks with investors and bankers at the time about the possible sale of rare beauty. Kylie Cosmetics Kylie Cosmetics, who was launched by Kylie Jenner in 2014, became one of the cult brands in the beauty world at the early age of 17 with make -up enthusiasts that bear almost a decade for it. In 2019, the brand expanded to the field of skincare and scents, and in the later half of that year, Coty bought a 51 percent majority stake in the company in an agreement worth about $ 600 million. This agreement placed the valuation of Kyline Cosmetics at $ 1.2 billion according to fashion business, making it one of the esteemed beauty marks in the world. Rhode Rhode was launched in 2022 and became an immediate hit, thanks to the Internet and Hailey Bieber’s popularity among her fans. The products echoed with millennials and Genz, and the brand quickly started on a growth path. In just two years, according to the media reports, Rhode hit a $ 1.44 billion valuation. The $ 1 billion agreement with eleven Beauty repeats Rhode’s success in his industry.