These Celebrities Invest and Make Money Outside Show Business!
Celebrities take up a significant percentage of the world’s population who belong to the elite class. Thanks to the tons of projects and endorsements these actors, actresses, musicians, or athletes have, they earn a lot of money from their gigs.
This enables them to achieve their dream of buying their own house or car in a short period of time. However, the financial experts say money is finite regardless of what your status is. If you’re spending your money mindlessly, you’ll go broke before you even realize it.
Good thing these celebrities invest their money in proper platforms, causing them to make more money even without Hollywood and showbiz engagements. Let us uncover how these celebrities spend their money well.
The renowned Hollywood actor Ashton Kutcher got interested in investing in technology. That’s why as soon as he starts making money on his career, he spent a portion of it in co-founding A-Grade Investments in 2010.
This company paved the way for the realization of some of the technologies widely implemented and used around the world like Airbnb and Uber. Kutcher is also an early investor of Spotify when it offered its first IPO. As of 2013, Kutcher’s firm already has over $100 million in company value, and it continues to rise until this day.
Beyonce may be one of the richest celebrities in the Hollywood industry, but she’s also an active investor of technology startup companies. Beyonce invested more than $150,000 to create the app SideSteps.
According to Techcrunch, the app lets the public get instant access to buying concert tickets or official merchandise. The app was a tremendous success since it garnered a staggering $2 million in sales as of last year. Aside from this tech company, Beyonce also has Ivy Park, her own activewear fashion brand.
The other half of the power couple, Jay Z, also has his financial prowess soaring high. Beyonce’s husband already has a soaring music career. However, he doesn’t stop there in his efforts to dominate the world. He also invaded the corporate world by establishing Tidal, his own management company, music streaming platform, and record label business.
Aside from this venture, Jay Z also owns a number of cosmetics companies, stadiums, plane-booking apps, and even a winery company named Sovereign Brands. His business empire enables him to generate millions of dollars even if he didn’t work for music in a while.
Johnson may have already retired from basketball, but not before building his own legacy. Now, he owns the massive investment firm Magic Johnson Enterprises which he mainly uses to invest in popular franchises.
This enables him to generate massive wealth and own shares in gyms, movie theaters, as well as thousands of Burger King, Starbucks, and T.G.I.F franchises all over the world. His latest venture includes being one of the LA Dodgers’ owners. According to reports, he paid $50 million for the said acquisition deal.
When Paltrow first launched Goop, she received a massive backlash from the public for selling knickknacks for an expensive price. However, the investors saw the potential of her promising business. According to CNBC’s report, Paltrow was able to raise an astounding $20 million for her venture capital funding. However, it remains unclear whether or not Goop was profitable or not.
DeNiro established the Japanese-style restaurant franchise Nobu with Nobu Matsuhisa. Their first-ever branch was established in New York which later on expanded to major cities worldwide. Now, Nobu restaurants are making their trademark in the international food scene. They also expanded their brand by adding a Las Vegas hotel and a luxurious cruise. As of 2015, the company’s value climbed to $500 million.
Francis Ford Coppola
Coppola may have left his legacy by creating iconic Hollywood movies like the Godfather and Apocalypse Now, but his fame paved a way for him to invest in real estate in Nappa Valley. He then transformed the estate into a winery. Now, Coppola Wines are one of the most famous and sold-out wines worldwide. This successful venture enables him to earn millions of dollars without directing movies frequently.
More in Rich & Famous
Famous Celebrities Who Like Riding A Bicycle For Fitness
When it comes to physical fitness, celebrities can always go an extra mile, literally! And they cover this extra mile riding...May 15, 2019
I’m Living On Air: Eva Longoria Jokingly Talks Her Post Pregnancy Diet
New mommy Eva Longoria is not among those who pretend that weight loss is an easy job, especially when you are...May 14, 2019
David Beckham’s Fitness Guide Chase Weber Reveals His Workout Routine
Chase Weber might sound a familiar name to you, and that’s because celebrities like David Beckham, Naomi Campbell, Stephanie Shepherd and...May 14, 2019
Alex Rodriguez On Losing 6.5lbs In Just Two Days For Met Gala 2019
Met Gala 2019 just happened and with celebrities having made those flamboyant appearances, the event has given enough reasons to people...May 14, 2019
What Do You See First? The Answer Reveals Your Inner Feelings
We often come across questions like ‘How are you doing?’, ‘Are you fine?’ and ‘Is everything okay’? from people around us....May 14, 2019
Dry Skin Care- From dry to silky smooth
Dry Skin Care – Tips to Improve Your Dry Skin Likе gооd basic ѕkin саrе, drу ѕkin care muѕt bе реrfоrmеd...May 12, 2019
The Bible Of Diet Planning – Introduction
Diеt рlаn Introduction Diеt рlаns are bаѕеd оn a bаlаnсеd intаkе оf fats, рrоtеinѕ аnd саrbоhуdrаtеѕ in diffеrеnt саlоriе соunts. Frее...May 12, 2019
Don’t Wanna Break Your Back At Work or Gym? This Is What You Need To Know
Training Crossfit and catalysis have become popular in recent years and undoubtedly strengthen most of the body’s muscles. Unfortunately, there are...May 12, 2019
Jennifer Aniston Reveals The Fitness & Health Secrets Behind Her Ageless Good Looks
Do It For Your Own Good It may sound strange, but during the initial days of her career, Jennifer was not...May 8, 2019