
How Celebrities Own Half the Business World

Celebrities are not just famous for their talents and beauty but also for their business acumen. Over the years, many celebrities have ventured into entrepreneurship and become successful business owners. Let’s examine how celebrities own a significant chunk of the business world.

Mario Anzuoni/ Reuters | If you obey all the rules, you miss all the fun
Investing in Startups
Many celebrities have been investing in startups and emerging companies. They use their influence and capital to support new businesses and help them grow. These celebrities include Ashton Kutcher, who have invested in well-known companies like Airbnb, Spotify, and Uber, and Jay-Z, who has invested in companies like Uber and JetSmarter. These investments give celebrities a chance to diversify their portfolios and allow them to participate in the growth of new and innovative businesses.
Celebrity-Owned Brands
Celebrities have also been launching their brands and businesses. They use their fame and social media platforms to promote their brands and generate buzz. For example, Kylie Jenner launched her cosmetics brand, Kylie Cosmetics, which quickly became a multi-million dollar business. Dwayne “The Rock” Johnson launched his tequila brand, Teremana Tequila, which has been an enormous success. By launching their brands, celebrities have been able to capitalize on their brand and reach a wider audience. These types of businesses can be a great way for celebrities to make a profit while providing them with a platform to promote their message and products.

Nate Day FOX/ Business | Celebrities are not just famous for their looks, but for their business savvy too!
Acquisitions and Partnerships
In addition to investing in startups and launching their brands, celebrities have acquired established businesses and formed partnerships. For example, Jennifer Lopez and Alex Rodriguez acquired fitness company The Mirror, which allows users to stream workouts from home. LeBron James has partnered with Walmart to launch a workout and fitness apparel line. Celebrities can also tap into existing customer bases by acquiring businesses, forming partnerships, and expanding their reach. These partnerships and acquisitions allow celebrities to reach a wider audience and provide additional revenue streams for their businesses.
Venture Capital Firms
Some high-profile celebrities have even gone so far as to launch their venture capital firms. These firms allow them to invest in a wide array of companies and startups with a more hands-on approach. For example, Will Smith launched his venture capital firm Dreamers Fund, which invests in startups solving some of the world’s biggest problems. Celebrities can significantly impact the business world by launching venture capital firms and investing in companies that align with their values and interests.

Eric Anthony/ Getty Images | One way to avoid criticism is to do nothing, say nothing, and be nothing.
Fashion and Beauty
Celebrities have long been involved in fashion and beauty. They have launched their lines or become the face of existing brands. For example, Rihanna launched Fenty Beauty, a global phenomenon. Kim Kardashian has launched her shapewear line, Skims, which has succeeded. Celebrities can leverage their personal brand and influence to impact the industry by launching their lines or becoming ambassadors for existing brands.
More in Rich & Famous
-
Career Tips That Are Guaranteed to Land You a Job in the Fintech Industry
Fintech has been trending in industries such as insurance, banking, and investments, offering a diverse range of services from block-based currencies...
April 27, 2023 -
6 Tips For Using BNPL (Buy Now Pay Later)
Buy Now Pay Later (BNPL) is a payment method that allows customers to make purchases and pay for them later, usually...
April 15, 2023 -
U.S. Credit Card Debts Hit Record High
As if the financial recession were not enough to be worried about this year, credit card debts across America have also...
April 8, 2023 -
Boost Your Creativity By Learning A Foreign Language
Learning a new language can be an incredibly rewarding experience. Not only does it open up a world of possibilities for...
April 1, 2023 -
U.S School Districts Are Falling Short Of Quality Educators – Here’s Why
The shortage of quality educators has become a growing concern for many school districts in the United States due to a...
March 26, 2023 -
How Much Does Mariah Carey Make Off Of “All I Want For Christmas” Every Year?
The song “All I Want For Christmas” has become an iconic holiday classic and one of Mariah Carey’s most famous works....
March 20, 2023 -
What Are The Causes Of Market Failure Through Monopolies?
A monopoly can be defined as a situation in which a single company holds the majority of the market share for...
March 14, 2023 -
Preparing Your Finances For A Mortgage: A Complete Guide
Buying a house is one of the most significant financial you will make. Before you start house hunting, ensuring your finances...
March 8, 2023 -
Here Are The Best Companies To Get Ahead!
When it comes to ascending in the world of business, the company you choose to work for can oftentimes be more...
March 3, 2023
You must be logged in to post a comment Login