Starting a new business involves a lot of hard work, a lot of risk and a lot of sacrifices - and celebrities are more than willing to dive in head first. They charter into unfamiliar territories, thinking their athletic, acting or singing skills will translate into the business world. Some celebrity businesses are extremely successful, while others don't have a very long shelf life. They say, "There's no business like show business," but these celebrities will tell you, "There's no business like... business." Here are ten bad celebrity business owners.
9 Flavor Flav - Flav's Fried Chicken
8 Jennifer Lopez - Madres
7 Kanye West - Pastelle Clothing
6 Nicky Hilton - Nicky-O Hotel
5 Natalie Portman - Te Casan Vegan Shoes
4 Heidi Montag - Heidiwood
3 Britney Spears - Nyla
2 Kardashians - The Kardashian Kard
1 Kim Basinger - Braselton, Georgia
In 1989, Kim Basinger had the "brilliant" idea to purchase the town of Braselton, Georgia while stuck in a traffic jam. Basinger took seeing a sign that read, 'Braselton: If You Lived Here, You'd Be Home By Now,' as a sign to buy the whole town. Basinger shelled out a whopping $20 million for the 1,691 acre town. Kim envisioned turning Braselton into a tourist attraction with movie studios and film festivals. The actress's overzealous plans never came together and five years later, she sold the town for $1 million. Shortly after, she declared bankruptcy.
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