These Celebrities Earn Millions Despite Retiring from Hollywood, But How?
While being a celebrity usually comes with million-dollar paychecks, fame is not forever. No wonder, a lot of actors and musicians have broadened their horizons with money-making ventures outside the field they’re popular in. Almost everyone knows Rihanna’s highly-successful foray into the makeup industry with Fenty. Here are some of her fellow celebs who’ve done the same.
George Clooney has built quite an impressive fortune to fall back on should his star lose its shine in the entertainment business. And it’s all thanks to a liquor brand he created with Rande Gerber, husband to former supermodel Cindy Crawford.
The duo launched Casamigos Tequila in 2013 and grew it into a valuable brand in the years that followed. Proof of this is the $1 billion they reportedly got after selling their company to another British liquor company in 2017.
Seemingly following in Clooney’s footsteps, Canadian actor Ryan Reynolds has also tried his hand at selling liquor. The ‘Deadpool’ actor is the proud part-owner and face of Aviation Gin.
The Oregon-manufactured drink has been dubbed as the ‘eighth-best gin in existence’ by Wine Enthusiast selling a reported 25,000 cases in 2017 alone. The 43-year-old movie star turned businessman is currently worth $75 million.
Beyonce & Jay-Z
Whether alone or together, Beyonce and Jay-Z are a force to be reckoned with. Aside from launching legendary music careers, the couple has turned their attention towards building a business empire.
The pop diva, for one, has launched her own fashion brand Ivy Park and boasts of having invested in an array of tech companies. Meanwhile, her rapper husband has taken the music industry by storm by launching his own streaming service, record label, and management company.
His business acumen isn’t limited to the entertainment industry though as he also manages holdings in tech investments and a wine and spirits company.
‘The 70’s Show’ actor Ashton Kutcher is another celebrity who’s realized the benefits of investing his money. Through A-Grade Investments, a venture capital fund he co-founded with Guy Oseary and Ron Burkle, Kutcher has funded successful companies like Spotify, Airbnb, Uber, and SoundCloud.
Celebrities realized the extent of their ability to influence the public even before social media exploded in popularity. Award-winning actress Gwyneth Paltrow took advantage of this and founded Goop, then just an email newsletter where she shared her lifestyle advice. More than a decade later, it has evolved into a lifestyle brand valued at $250 million.
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