When we think about how to get rich, the first thing that comes to our mind is to become a celebrity. Most celebrities gain massive wealth from their back-to-back tv shows, movies, albums, projects, and endorsements. It’s as if their lives become easier and money is not a big deal when they have endless projects to work on once they became famous. But contrary to popular belief, not all celebrities who get rich ended up staying rich.
According to some reliable sources, some celebrities often get blinded by their massive wealth and spend their money buying unnecessary things like expensive homes and sports cars that don’t always have significant returns or their value declines over the years.
Fortunately, we have a lost of celebrities who value the importance of their hard-earned money and wealth, so they make sure to invest it in the right platform. Let’s find out how these celebrities let their money grow further while working!
The renowned musician Sean “Diddy” Combs currently has an astounding $1 billion net worth not just from his music but also in entrepreneurship. Diddy recently inked a partnership with a giant liquor company Diageo where Diddy offered his marketing influence to promote Ciroc vodka in exchange for a profit share.
Forbes hailed Diddy as the second-richest hip-hop musician in the world in 2018.
This partnership flourished as Ciroc vodka became one of the biggest and most popular vodka drink in the alcoholic beverage market. This phenomenal success also paved the way for another joint venture to release its latest DeLeon tequila brand. Not only that, but Diddy also has other business ventures like a clothing brand. He’s also the largest stakeholder of the Revolt TV network.
While most celebrities don’t enter the real-estate game unless they want to buy their own personal properties, Ellen DeGeneres is the queen in this field. The daytime TV queen became one of the most successful home-flippers in Hollywood.
She admits at first she never thought of selling the properties she bought. But together with her wife Portia de Rossi, they renovated several homes together until they decided to start selling it. Since their first successful venture, the couple has owned and sold more than 12 properties of diverse styles and sizes.
Ellen’s most notable home-flipped property was a mansion that cost an astounding $40 million, where she earned a $15 million profit out of it.
The Time Magazine hailed George Clooney as one of the most influential men in the world in 2009 due to his numerous great contributions and breakthroughs.
If there’s a pro when it comes to promoting branded liquors, it’d be George Clooney. The veteran actor first started concocting Casamigos tequila brand for his friends when Diageo took interest and acquired the brand for an astounding $1 billion deal. This paved the way towards creating the multi-billion-dollar company they have today. Aside from that, Clooney also excels in other fields like businesses and filmmaking.
Since becoming a mother to her two gorgeous young daughters, Jessica launched Honest Company last 2012 to sell organic baby products like body lotion, laundry detergent, and baby wipes to target the ethical and eco-friendly minded customers. Despite the initial legal and PR issues they faced, Jessica’s company have grown and they earned hundreds of millions in terms of profit and annual sales.
Kutcher’s biggest break came when he starred in That 70’s Show which aired from 1998-2006.
Ever since the renowned American actor starred in the long-running TV series That 70’s Show, Kutcher’s acting career continued to soar. As his wealth continues to accumulate, Kutcher also entered the world of investing to make his money grow further.
He ventured into the tech industry and partnered with Guy Oseary to forge an alliance and establish A-Grade Investments together with the billionaire tycoon Ron Burkle. Together, they turned their $30 million investment into an astounding $250 million as they backed large tech companies in Silicon Valley like Airbnb and Uber.
Nasir Jones may have long passed his rap throne and baton to aspiring younger talents but the renowned rapper has accumulated enough wealth to become an investor just like Kutcher in the tech world. He launched Queensbridge Venture Partner capital firm that caters investments for music production and healthcare. Among its notable products include Coinbase, Dropbox, and Lyft.
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