As quoted by multiple investment gurus on several occasions, it's always better not to put all your eggs in one basket. The following Hollywood celebrities took it pretty seriously and are now worth much more than their gains from performing arts.
The following are eight Hollywood celebrities who have made it big through investing outside of movies and arts. These include acquisitions in beauty products, startups, stocks, and more. Some have even gone as far as to set up venture capital firms dedicated to investing in companies with bright prospects!
Ashton Kutcher - Spotify, Airbnb, Skype
Ashton Kutcher is a celebrity who did not rest between movies and TV projects. The star of "That '70's" show is currently an active actor and an involved investor. He has made some really profitable early-stage investments with his venture capital firm called the A-Grade.
Kutcher has invested in companies that became giants and gave him some excellent profits, and a few notable ones include Skype and Airbnb. "The Ranch" star also owns The Hive, a social media management firm. Today, his fortune sits at around $200 million, and he gets to live a comfortable life with his wife, Mila Kunis, and their kids.
Beyoncé Knowles - Parkwood Entertainment
Beyoncé Knowles is an artist best known for her vocals ever since she was still part of the Destiny's Child pop band. She also has a few film credits, like "Dreamgirls." But did you know that this beautiful songstress has invested in multiple tech startups and fashion brands?
Apparently, Queen B asked for shares in Uber against performance for them instead of the regular fee. In 2020, when the company went public, her stock went up to around $9 million. She also owns Parkwood Entertainment, an umbrella company for all her music, movies, style, and media-related brands.
Oprah Winfrey - Weight Watchers
Oprah Winfrey is undoubtedly one of American history's most popular talk show hosts. Her talents go way beyond just talking well, though, as she's made some very profitable and wise acquisitions. That is undoubtedly among the reasons behind her calculated wealth of $2.6 billion.
One of her most popular investing moves has to do with the fitness and weight loss company called Weight Watchers. She invested $43 million at $7 per share back in 2015, and Oprah's returns boosted over tenfold when the share price rose to $101 per share in 2018.
Will Smith - Nurx and Genome Medical
Will Smith is known for his comedic roles in movies like "Bad Boys," "Men in Black," and "Aladdin." Besides that, he has had a singing career with more than a few hit singles. On the other hand, Smith also co-owns Dreamers VC, a venture capital firm focusing mainly on companies that work to solve social problems, and med-tech firms.
He chooses many of his investments himself, helping him boost his riches to $350 million. Some of the most famous acquisitions by Dreamers VC have been in Genome Medical, a company focusing on genomic testing, and Nurx, a distance healthcare diagnosis, and medicine delivery firm.
Jared Leto - Airbnb and Nest
Jared Leto has been an excellent actor considering he only debuted in 1994. The Hollywood superstar has been nominated for 98 awards while winning 41 out of them in his acting career. However, aside from the acting and singing career, he also takes a keen interest in investing.
Jared Leto invested in Reddit and Robinhood Markets and said in an interview that he is an aggressive investor, which does look like it. He met with Instagram people just days before Facebook purchased it, while he invested in NEST just before Google bought the company.
Jessica Alba - Headspace
Jessica Alba is known for her roles in movies like "Sin City" and the "Fantastic Four" franchise. Along with acting, she has also been an active investor through her company named "Q." The company invests in tech startups such as Headspace.
The firm on its website claims that it funds real estate, distressed asset opportunities, bank debt, aircraft leasing, and much more. Alba's overall fortune in 2022 was estimated to be $200 million owing to her successful Hollywood career and her acquisitions combined. The mom of three is also the founder of The Honest Company.
Justin Bieber - Spotify
If you've been a music listener in the early 21st century, you've definitely heard of Justin Bieber. The "Peaches" crooner has been a music sensation worldwide, and aside from that, it can be seen that he's worth a lot more than he works at a very young age.
All this can be credited to some of his intelligent investing moves. In his mid-20s, his fortune is already reported to be $285 million. Bieber owes it all to how he invested in companies such as Spotify and Liquid I.V. and the music he made leading to sold-out concerts.
Bono - Facebook
Bono is best known for being the lead singer of the famous rock band U2, which reigned over decades. However, very few people know that this legend also owns a venture capital firm called Elevation Partners that he founded in 2004.
The firm invests in media, technology, and entertainment businesses. As of 2021, it was managing $1.9 billion worth of assets. Its most profitable gig was in 2020 when it invested $120 million in Facebook, thereby purchasing 1.5% shares. When Facebook went public in 2012, it sold 11.5% of its shares, which earned the U2 star almost $10 million.
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