Celebrities Who Were Smart Enough to Manage Their Money in the Right Way!
Making money is hard but saving it is even harder. However, what is not hard is being smart with it. The entertainment industry is one of the friskiest industries in the world. It is so unpredictable and constantly changing that a celebrity could be making high-budget super-hit blockbusters and after some time completely disappears.
Hence, being smart with your wealth is highly important in an industry like that.
You may have read or heard countless stories of previously-hit celebrities ending up homeless, who were once seen riding in the most expensive cars but now can’t afford to own a simple one. Some of the celebrities have been smart, and the list given below shows the top 7 celebrities who we believe have done well in managing their finances.
As a side business, the actor George Clooney started his liquor brand called Casamigos, which he initially started as a customized tequila product he designed for his friends. With the passage of time, his signature drink became famous and was acquired by Diageo, which is known as the world’s largest liquor company.
George Clooney made some smart moves which landed him a company worth billions of dollars. Now, many celebrities are trying to follow his footsteps and releasing their own liquor brand.
One of the world’s most favorite TV show host has been very smart with her finances by entering the real estate business on the side. There is a lot of money with a promising future in real estate, that’s for sure.
Ellen is now not only the queen of hosting a morning show but also one of the best house flippers in Los Angeles. Although she may not have done that intentionally but this surely has offered her a stable financial stream. She constantly changes her house but she told The New York Times that selling it at a later stage is never her intention behind buying a house. Still, she has renovated and sold numerous houses and once earned a profit of $15 million on a $40 million property.
Sean, who is popularly known as Diddy, has come far from just being a musician. Similar to George Clooney, Diddy has also partnered up with one of the biggest liquor companies in the world, Diageo, to promote their Ciroc Vodka product in exchange for the profit earned through association with his celebrity name. It did not take long for him to turn Ciroc into the highest selling vodkas in the Western world. He also joined hands with various multinational companies to promote their products, which has helped him become richer than many other celebrities out there.
The actor launched her own company, which goes by the name Honest Company, back in the year 2012. The company was dedicated to selling organic laundry detergents, baby wipes, body lotion, and various other products of the same sort. Even though the company got stuck with a lawsuit still it has been able to sell millions of products since its launch.
The famous actor Ashton Kutcher is known for his iconic roles in productions like No Strings Attached and That 70s Show, which is where he met the love of his life, actress Mila Kunis. Apart from his acting career, Kutcher has earned a lot of dough in the tech industry and has entered into a few six to seven-figure deals with Ron Burkle, who himself is a billionaire.
Together, they have converted a $30 million investment into a $250 million one with the help of their sponsors including Airbnb and Uber.
50 Cent may not be the artist whose music everyone listens to these days but he is still overflowing with cash due to his smart money moves. The artist has been using his impressive portfolio to bag some deals with various companies which range from video games to clothing to beverages. He has his own company called the Energy Brands, which he sold to Coca Cola for $100 million dollars back in 2017.
Jay-Z’s career as a businessman has been quite successful in bringing him a net worth of more than $800 million. He has invested in companies that have provided him with a lot of profit in recent years. Apart from his successful music career and other profitable investments, his Armand de Brignac champagne brand and his Roc Nation talent agency are thriving as well.
More in Wallet Groove
Scarlett Johansson’s MASSIVE Marvel Paycheck Shows Closing Pay Gap in Hollywood
For the past decade, the Marvel Cinematic Universe has kept us thoroughly entertained, and there are no signs of them slowing...November 25, 2020
The Maldives has a Program that’ll Reward You for Traveling There–Here’s How it Works
While there are many destinations that have opened up their doors once again for leisure travelers, it seems like the number...November 25, 2020
Why Single Ladies Have Less Debt Than Single Men
When is being indebted to people ever a good thing? Don’t answer that, it is a trick question. The answer is...November 17, 2020
5 Habits of Self-Made Millionaires That Allow Them to Retire in Their 20’s
Many of us dream of retiring a millionaire or at least earlier than normal. There’s a growing segment of people that...November 10, 2020
You Can Stay at These Marilyn Monroe or Howard Hughes-Inspired Bungalows for $8500/Night
If there is one hotel which the A-list celebrities of Hollywood just love to visit, it is the Beverly Hills Hotel....November 4, 2020
Count on the Duggars for an Amazing Renovation as They List a Mansion for $1.8 Million
Anyone who loves reality TV show knows who the Duggar family is. Jim Bob and his wife Michelle Duggar became household...November 4, 2020
Five Questions You Need to Ask Yourself Before Choosing a Business Bank Account
Having a business bank account is something that is required by the Internal Revenue Service (IRS) for all incorporated businesses. What’s...October 27, 2020
Biggest Financial Mistakes People Make that Lead to Debt, And How You Can Avoid Them
To come off as a responsible adult, you have to demonstrate that you can convincingly handle your finances. What’s that thing...October 27, 2020
This is How Johnny Depp Spends $2 Million a Month On His Lavish Lifestyle
According to the former business manager of Johnny Depp, the actor spends extravagantly to support his lavish lifestyle, requiring a monthly...October 20, 2020