Celebrities You Didn’t Realize Own Major Business Empires
Actors and musicians no longer have just entrainment as their source of income but are now pretty innovative with other money-making ideas.
They step outside entertainment and expand their names into several businesses.
Today, some famous actors and artists are known in the entertainment world and business, owning major business empires that would leave fans shocked. Some of these celebrities are:
Celebrities You Didn’t Realize Own Major Business Empires
- Ashton Kutcher — A-Grade Investments
He pretty much went into business after appearing in “That 70s Show”. Ashton Kutcher is a significant business guru, with investment in some well-known companies like Uber, Spotify, and Shazam.
In addition, he co-founded a capital firm that invests in technology startups. Kutcher has more than $100 million worth of investment in a different organization, and he is estimated to have a net worth of $200 million.
- Magic Johnson — Magic Johnson Enterprises
N.B.A. legend Magic Johnson founded his investment company in 1987.
His company has had deals with well-known multinational companies like Pepsi-Cola, Founders National Bank, Sony Retail Entertainment, Burger King, Best Buy, and a lot more.
In addition, he is the co-owner of the L.A. Dodger, which he purchased at $2 billion. His company M.J.E. is reportedly worth $1billion, while Magic Johnson’s net worth is an estimated $600 million.
- Jessica Alba — The Honest Company
“Dark Angel” and “Fantastic Four” actress Jessica Alba is the co-founder of The Honest Company. It is a company that supplies nontoxic household products.
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Currently, the company is valued at $1.7 billion, with Jessica possessing an estimated net worth of $340 million.
- Bono — Elevation Partners
Paul David Hewson, known professionally as Bono, is another celebrity doing quite well business-wise.
The singer and songwriter are Elevation Partners, a firm that invests in new media and technology.
The firm has invested over $1.76 billion, with a 12% net internal rate of returns. Its investment includes new media’s like the following, Facebook, Palm, Inc, Forbes.
It is reported that the group brought in $1.4 billion just from its investment in Facebook.
- George Clooney — Casamigos Tequila
“Ocean Twelve” actor, George Clooney, is the co-founder of a house tequila, known as Casamigos Tequila.
The drink has been very successful with several awards won and is said to be Oprah Winfrey’s favorite.
However, the company was reportedly sold for $1 billion, with George having a net worth of $ 500 million.
- Gwen Stefani — L.A.M.B.
Singer Gwen Stefano founded her fashion line L.A.M.B. in 2003.
Her fashion collection featured shoes, handbags, and sunglasses adorned by some celebrities and featured in New York Fashion Weeks.
Although in recent times, nothing has been heard concerning the fashion line.
- Nas — QueensBridge Venture Partners, HSTRY
Rapper Nas has a lot going on for him business-wise. He can be described as an entrepreneur who has business deals with some high capital firm whose value range in billions of dollars.
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His company is involved in investment for startups too, and is currently valued at $70 million. Nas also has a clothing company called H.S.T.R.Y.
- Kate Hudson — Fabletics
“Almost Famous” actress Kate Hudson has an athletic wear line known as Fabletics.
The company is said to be very successful with sales tripling yearly.
Fabletics is currently worth $500 million, and the company is no doubt a growing company is no doubt growing.
