The entertainment world can be quite chaotic, and it often affects the ability of the wealthy stars to make informed investment decisions. There are diverse stories about celebrities who blow their money on fast cars as well as homes that eventually have no resale value at the end of the day. However, some celebrities stand out as exceptions to that norm and have proceeded to make savvy investment decisions. Some of these celebrities include:
Sean “Diddy” Combs currently has a net worth edging close to $1 billion, and his title is rapidly going beyond just a musician. Diddy partnered with Diageo, a liquor giant as he offered his marketing prowess for the brand’s Ciroc vodka and got a share of its profits in return. He rapidly helped to transform the product to one of the biggest on the market. He subsequently took up a joint venture in DeLeón tequila brand. That is coupled with other ventures such as his clothing brand and a huge stake in Revolt TV network.
Ellen DeGeneres is one of the highly popular Hollywood house-flippers even though she does not particularly regard her pursuit in that manner. While addressing a media outlet about her real estate activity with her wife, Portia de Rossi, she said she has never bought a house with the intention of selling.
According to her, whenever she buys a new place, she always says she’s never going to sell it, but that is usually never the case. DeGeneres has renovated a couple of homes with her wife. Since she became famous, she has owned and also sold twelve properties all of different styles and sizes from which she has made quite a lot of money. For instance, she flipped a $40 million mansion and reportedly made a profit of $15 million from it.
George Clooney began Casamigos as tequila meant to serve just his friends. However it got so big, and it was recently acquired by Diageo for about $1 billion. While speaking to a media outlet, he said if he was asked about four years ago if Casamigos was a billion dollar company, he doesn’t think the answer would have been a yes.
Jessica Alba founded her company, the Honest Company sometime in 2012. The intention was to establish the company as a means to put out for organic sale products such as laundry detergent, body lotion and baby wipes for consumers who are ethically minded. It has encountered a couple of PR and legal issues, but the company has recorded annual sales amounting to several million.
Nas, whose full name is Nasir Jones left rap long time ago for younger talents. However, he has silently become a major investor in the technology world. He has a venture capital firm called Queensbridge Venture Partners, and the VC firm has made major investments in different startups from music production to health care. The companies on the firm’s roster include Dropbox, Lyft and Coinbase, a virtual currency exchange.
Robert de Niro
De Niro always attempts to keep his name silent on Nobu. However, Chef Nobu Matsuhisha gives credit to the legend actor for being the one who convinced him to begin the Japanese restaurant empire. The actor was a major fan of an early restaurant that belongs to Matsuhisha, and he became one of the Nobu chain’s business partners, a business that is thriving all around the world. De Niro was able to pick on the highly lucrative possibilities in Matsuhisa’s miso black cod.
Aston Kutcher is still known to a lot of fans as one of the actors in That ’70s Show. However, he has earned quite a lot in the technology industry in the past couple of years. Kutcher and Guy Oseary bonded with Ron Burkle, a billionaire, and they formed the company called A-Grade Investments. They were able to make $250 million from $30 million with backings from Airbnb and Uber.
Jessica Simpson finds her way to the list as she has also made laudable investments. In 2006, she launched her Jessica Simpson Collection collaboratively with Camuto Group. It has now expanded to a brand dedicated to jewelry, clothing, handbags and even extends beyond that. The brand recorded sales amounting to billions, and it got so popular that the Sequential Brands Group acquired a majority stake in it for an amount that wasn’t disclosed.