The right kind of investments helps in growing wealth exponentially. When it comes to celebs, with their already abundant resources, they make big money investing.
Making the right investments are like building a path to a comfortable retired life while helping to save taxes. Celebrities who own millions or billions of dollars, usually invest in firms, or even launch their brand. Their financial advisors make it easier to determine which project or venture they can invest in and gain high returns. Several stars have made more money through investments than through showbiz, and some of them are billionaires.
Here is a list of celebs who made big money through investments.
Jessica Alba
The Fantastic Four and Good Luck Chuck actress Jessica Alba is a talented woman. She is well known for her business ventures and her career as an actress. Alba fell in love with acting at a very early age and was already in the acting business in her early teens. Besides her acting career, the star is earning major bucks by being an investor and entrepreneur.
Alba is known and respected for founding the Honest Company with her partner Christopher Gavigan. This company specializes in producing a variety of eco-friendly baby and body care products. In 2014, Jessica owned about 20 percent of the company, and it already had a massive value of $1.7 billion. Later, when this company went public, Alba still owned about 6.2 percent or 5.6 million shares. The Honest Company is reported to earn about $100 million in revenue every year. In 2021, Jessica’s net worth is an amazing $200 million.
Ashton Kutcher
Ashton Kutcher is one of the most successful celebrity investors. His investment partner and manager is Guy Oseary, another expert in the business who also manages the star Madonna.
Kutcher likes to invest in several startup projects that he finds promising. It has to be admitted that Kutcher has a good sense of judgment when it comes to investment, and he has invested up to to $500,000 with about $10 million returns, which is pretty impressive. Some of the startups that Kutcher invested in that have now turned into successful businesses would include Spotify, Airbnb, and Uber. The actor currently has a net worth of about $200 million.
George Clooney
Film star George Timothy Clooney has already left behind a legacy in the Hollywood industry by his massive success. The 60-year-old actor has bagged fame and several prestigious awards and accolades in the course of his long-lasting career as a star. These include three Golden Globes and two Academy Awards. He has also amassed enough wealth through his later career of film producing and screenwriting.
Another source of income for George Clooney has been through investment projects. He had invested in a celebrity liquor brand called Casamigos selling tequilas, and it was primarily meant for his friends. According to Money, this brand has made amazing profits in recent years, summing up to about $1 billion. Thanks to his right judgment, George boasts a net worth of about $550 million.
Jay-Z
Jay-Z or Shawn Corey Carter is one of the most talented billionaire rappers. Jay-Z has come a long way in his hip-hop career and is a successful record producer now. However, that is not the only source of income for him. According to Finance Buzz, Jay-Z became one of the first billionaires in the hip-hop business by launching several companies that brought him insane profits.
For example, he launched Armand de Brignac in 2007, which sells champagne with a net value of $300 million. In 2014, Jay-Z launched TIDAL, a popular music streaming service and was already worth $100 million. But his most lucrative launch to date has been in Uber stock which has yielded a grand $70 million out of just $2 million.
All the luxury supercars lined up in his garage and the expensive suits result from well-timed and judicious investment decisions. His net worth is estimated to be a jaw-dropping $1.4 billion.
Some of the other well-earning celebrity investors would be Jared Leto, Oprah Winfrey, Justin Bieber, and Dr. Dre. These personalities have proved their worth in multiple fields of expertise which may be partly the secret behind their glamorous lives.
Source: Finance Buzz, Love Money, Money