10 Of The Biggest Celebrity Business Flops

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.

10 .  Hulk Hogan - Pastamania! 

After missing the boat on endorsing the George Foreman Grill, Hulk Hogan attempted to make up for that loss and opened up a restaurant inside the Mall of America. The restaurant, Pastamania! opened its' doors in the mid 1990's and sold Hogan themed Italian food, such as Hulk-U's and Hulkaroo's. After one year, the pro wrestler cut his losses and shut the doors of Pastamania! for good. The Pastamania! location is now an Orange Julius.

9 Flavor Flav - Flav's Fried Chicken

In January 2011, rapper and reality star, Flavor Flav attempted to compete with Colonel Sanders and Popeye when he opened up the restaurant, Flav's Fried Chicken. The fast food joint was opened in Clinton, Iowa and was closed three months later. Flavor Flav tried opening up two more restaurants in Las Vegas, Nevada and Sterling Heights, Michigan. Unfortunately, those locations shut down faster than Colonel Sanders could say, "Finger lickin' good."

8 Jennifer Lopez - Madres

7 Kanye West - Pastelle Clothing

6 Nicky Hilton - Nicky-O Hotel

5 Natalie Portman - Te Casan Vegan Shoes

Before 'vegan' even became mainstream, Natalie Portman collaborated with designer, Te Casan in early 2008 to launch a vegan shoe line. The footwear was made without animal byproducts and without harming any animals but the price tag attached seemed too harmful to customers' bank accounts. With a $200 price point and a lack of sales, Te Casan Vegan Shoes closed shop in December 2008, after being in business for less than one year.

4 Heidi Montag - Heidiwood

In 2007, The Hills star, Heidi Montag designed her very own clothing line, Heidiwood. The line was picked up by Anchor Blue stores and items were priced between ten dollars and sixty dollars. Critics condemned Heidiwood, describing the clothes as "flimsy" and "unwearable." Seven months later, Anchor Blue pulled the plug on Heidiwood, when they opted not to renew Montag's contract. Heidi should have taken a page out of her co-star Lauren Conrad's book and stayed in fashion school.

3 Britney Spears - Nyla

At the ripe age of 21, Britney Spears had already conquered the music world. The pop princess then ventured into the food industry, opening up a Cajun themed restaurant in Manhattan in 2002. The restaurant was named Nyla, after the state abbreviations of New York and Louisiana. Unfortunately, Nyla faced countless hardships, including bad reviews, health code violations and high staff turnover. In an attempt to salvage the restaurant, the Cajun menu was completely replaced in favor of Italian food, but not even a menu overhaul could save the business. Less than six months after doors opened, Nyla was closed.

2 Kardashians - The Kardashian Kard

In 2008, reality stars Kim, Kourtney and Khloe launched their very own prepaid debit card. The financial product termed, The Kardashian Kard, quickly came under attack due to its high fees and its intended target market, young adults. People were outraged by the fees, which consisted of a cost of $99.95 just to own the debit card for one year. After the first year, Kard owners were required to pay a $7.95 monthly fee. On top of that, a $1 fee was charged every time money was added on to the Kard and it cost $1.50 just to speak with a Kardashian Kard operator. The sisters quickly exited their contract, claiming they were not made aware of the hefty fees. The Kardashian Kard was off the market after one month. 

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.

More in Business