Celebrity businesses in other fields besides acting!
Most celebrities stick to the trade that made them a star, but a few use their fame and fortune as a business platform.
While it is common for actors to dabble in singing or for singers to take a swing at acting, more and more celebrities are turning to a completely new field. Celebs use their names and existing trademarks, one might argue it’s a lot easier for them to succeed with the new business.
So, here are celebs who have their own business platform despite their Hollywood career.
1)Rihanna
The popular singer has her own brand named Fenty Beauty and Savage X Lingerie. The singer launched her makeup line called Fenty Beauty which has proved to be a success.
In 2018, RiRi launched the Savage X Fenty Lingerie and Fenty Skin, a skincare brand, in 2020. In 2020, the publication placed her on their list of richest self-made women, clocking her net worth at an estimated $600 million.
2)Jessica Simpson
In 2006, the star launched The Jessica Simpson Collection. The brand sells products from luggage and clothing to perfumes, makeup, and accessories.
The company has proven to be a success and has grown into a billion-dollar business. The brand was making $1 billion in retail sales annually as of 2016.
3)Jessica Alba
Alba launched The Honest Company in 2012 to provide consumers with safe, nontoxic household and baby products. As of 2017 October, the company Valued at $756 million.
In 2016, the company pulled in a reported $250 million in revenue. Alba wanted to create a brand that countered the use of harsh chemicals in cleaning products. In 2015 The Honest Company was valued at $1.7 billion, although by 2017 the value had dropped by 57%.
4)Jay-Z
According to Forbes, Jay-Z has an estimated $520 million in net worth. He founded the entertainment company Roc Nation in 2008. And in 2015, he purchased the streaming platform Tidal for $56 million, which was valued at $600 million in 2017.
The rapper also has an estimated $50 million stake in Armand de Brignac Champagne. In 2019, Jay-Z became the first hip-hop artist to become a billionaire.
5)Diddy
Diddy is a multi-faceted artist who has achieved success both in and out of the recording studio. Music has majorly contributed to the rapper’s astonishing $885 million net worth.
Diddy is the chairman and CEO of Combs Enterprises, the umbrella company for a number of his businesses across entertainment, fashion, fragrances, beverages, and more. Under his Enterprises include Bad Boy Worldwide Entertainment Group, Sean John, Combs Wine & Spirits, AQUAhydrate, The Blue Flame Agency, Revolt Films, and Revolt Media & TV.
6)Mary-Kate and Ashley Olsen
The child celebs left the acting world behind to focus on fashion, and they now have two separate lines. They are the founder of Elizabeth and James, which includes clothing and fragrance.
The twins Mary and Ashley temporarily shuttered the brand in 2018, but in April 2019, they announced a relaunch of the line in Kohl’s stores. Their estimated net worth is around $400 million.
7)Justin Timberlake
The pop star earns wealth not only from his music career but largely from his business investments, including his fashion line William Rast.
Timberlake also holds ownership stakes in two of his passions: the Memphis Grizzlies and his co-branded tequila, Sauza 901. Timberlake has tried his hand at many enterprises, both artistic and in the business world. His side hustle brought in $50 million a year.
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Posted on: Wednesday, June 14 2017
