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Celebrities who've made millions outside of Hollywood

https://business-newsline.blogspot.com/2020/01/celebrities-whove-made-millions-outside.html
Celebrities who've made millions outside of Hollywood.


Celebrities can get paid a lot of money. And while it's easy to buy a couple of extra yachts or a crystal-studded bathtub, the smartest ones know when to invest.

Frequently, they'll put resources into a business they definitely know. Brad Pitt established Plan B preparations, which created the Oscar-winning "12 Years a Slave" and "Evening glow." But they can likewise put resources into random organizations and utilize their distinction to get exposure and open entryways in the business.

At times, the ventures are a monstrous disappointment, as Ja Rule's Fyre Festival. Different occasions, they can be gigantic triumphs, similar to the ventures on this rundown.

Rihanna's Fenty Beauty brand is one case of things working out in a good way. Propelled only two years prior, it's presently a juggernaut in the beauty care products industry and moved Rihanna into being the wealthiest female artist alive, as indicated by Forbes.

Here are the big names who've profited outside of their standard profession.

Ashton Kutcher was an early investor in Uber, Airbnb, and Spotify.

Ashton Kutcher was an early investor in Uber, Airbnb, and Spotify.


Aside from his romantic comedies and stint in "Two and a Half Men," Ashton Kutcher has made millions of dollars from his venture capital fund, A-Grade Investments. Kutcher co-founded the firm in 2010. By 2013, it was valued at over $100 million.

Beyoncé is also a tech startup investor.

Beyoncé is also a tech startup investor. 

In addition to her activewear fashion brand, Ivypark, Beyoncé's management company has at least $150,000 invested into Sidestep, an app that offers access to concerts and merchandise, according to Techcrunch. The app raised a total of $1.7 million and had more than $2 million in sales in 2017, ten times the year prior.

George Clooney sold his tequila brand for $1 billion.

George Clooney sold his tequila brand for $1 billion.

Clooney and Rande Gerber, Cindy Crawford's husband, decided to make their own in-house tequila for when they spent time together in Mexico.
They worked with a distiller to come up with a tequila they loved. After going through about "1,000 bottles a year" between the two and their friends for about five years, they decided to take it public. And in 2013, Casamigos Tequila was born.
The brand seems to be a success. In the span of a few years, it was well-reviewed by liquor-focused blogs, been promoted by Oprah, and has had expensive advertising campaigns.
In June of 2017, Clooney and Gerber cashed in on their success, selling Casamigos Tequila for up to $1 billion to Diageo, a British liquor company.


Gwyneth Paltrow's lifestyle brand, Goop, raised millions in venture capital.

Gwyneth Paltrow's lifestyle brand, Goop, raised millions in venture capital.


Goop is frequently mocked online for selling obscenely expensive knicknacks, but Paltrow seems to have convinced investors that it's a promising business. She's raised $20 million in venture capital funding since she began Goop as simply a personal newsletter in 2008, according to CNBC.
It's not clear, though, if Goop is profitable yet. In 2014, leaked documents seemed to show that the company was $1.2 million in debt. But it's e-commerce business seems to be growing steadily, according to Racked

Robert DeNiro owns a set of high-end Japanese restaurants.

Robert DeNiro owns a set of high-end Japanese restaurants.


DeNiro collaborated with famed Japanese chef Nobu Matsuhisa to found Nobu, a restaurant that began in New York and has since expanded to several other major cities around the world.
Now, Nobu is a mainstay in the international foodie scene and it recently added a cruise and a Las Vegas hotel to its brand. And in 2015, the company was valued at $500 million

Jessica Alba co-owns a lifestyle products company valued at $1.7 billion.image

By 2015, Alba's The Honest Company was valued at more than $1 billion for selling a cosmetics line, cleaning products, and baby food, making Alba's venture a huge success.
In the past year, though, The Honest Company has been hit with a few lawsuits alleging dishonest marketing practices. Nonetheless, it's reportedly on a path to get on the stock market

Bono named his investment company after one of his songs.

Bono named his investment company after one of his songs.


Elevation Partners, his private equity firm, is named after his U2 song "Elevation." It's made a lot of money. It's invested $1.76 billion, with a 12% net internal rate of return, according to Bloomberg. It's invested in major technology companies like Facebook and Yelp and made $1.4 billion from its Facebook investments alone, according to The Independent.
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Serena Williams owns shares in major sports that aren't tennis.

Serena Williams owns shares in major sports that aren't tennis.


Serena has made over $81 million in winnings as a tennis player, more than any other tennis player in history by a mile. And as a businesswoman, she has a fashion line and set of investments that make her millions more.
Her personal fashion line at the Home Shopping Network makes her a powerhouse in the fashion world, according to Fox Business Network. Along with her sister Venus, Williams also has stakes in The Miami Dolphins and Ultimate Fighting Championship.

Dr. Dre founded a headphones company that sold to Apple for $3 billion.

Dr. Dre founded a headphones company that sold to Apple for $3 billion.



Along with fellow music producer Jimmy Iovine, Dre founded Beats Electronics, a stylish headphone manufacturer, in 2006. In 2014, Apple made the biggest acquisition in its history by buying it for $3 billion

Kim Kardashian West has built several companies based on her brand.

 Kim Kardashian West has built several companies based on her brand.


Kardashian West is often mocked as being a talentless hack, but she has a knack for turning her image into a cash machine. The aspiring lawyer's mobile app game "Kim Kardashian: Hollywood" has made more than $160 million between 2014 and 2016, and her Kimoji app also topped Apple's app charts and made plenty of money.

Source: INSIDER



Original: https://business-newsline.blogspot.com/2020/01/celebrities-whove-made-millions-outside.html
By: Mithi
Posted: January 14, 2020, 8:39 am

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