If you want to know the names of the celebrities who own multimillion-dollar businesses, this article is for you.
Leverage. That is the name of the game. And many of the celebrities we love have perfected the act of leveraging their popularity to create powerful business brands. From retail to the hospitality industry, fashion to music, liquor, and investment industries, actors and musicians alike have delved into these ventures. What is perhaps even more interesting is that some rake in even more income from those ventures than for what they are known for.
Check out our list of some of the most popular celebrities and the multimillion-dollar businesses they own.
With an estimated net worth of $200 million, Jessica Alba launched The Honest Company in 2012. The company supplies eco-friendly household and baby products sold. According to Reuters, the company has a valuation of $2 billion, and Alba’s 6.1% stake in the company is now worth $124 million.
Hudson is estimated to be worth $80 million. The American actress launched her activewear and, Fabletics in 2013 as an online-only store. Interestingly, the store opened 25 retail stores in 2018 and had plans to open another 75. Forbes reports suggested that the company rakes in about $300 million annually.
Thanks to his multi investments, Forbes reported that in 2019, Jay-Z became the first hip-hop artist to become a billionaire. He is one of the most successful celebrity entrepreneurs with stakes in an entertainment company (Roc Nation), a streaming platform (Tidal), and several other investments.
Kyle was listed on Forbes as the youngest self-made billionaire at 21 years. Her business venture, Kylie Cosmetics played a huge role in this. The brand was valued at $1.2 billion in 2019 when Coty acquired a majority stake in the company. She also has the Kylie Skin, Kendall + Kylie clothing line, the Kylie Shop official.
Robert De Niro
De Niro showed his exquisite taste when he invested in master chef Nobuyuki Matsuhisa. With restaurants in more than 40 locations and 12 Nobu hotels, Robert is making real money in the food industry and has a net worth of $500 million. He also has investments in Tribeca Enterprises and many other restaurants.
Kim Kardashian West
Reality TV show star Kim K has a net worth of $350 million. With several businesses to her name including a mobile game, a beauty line, a shapewear line, and even a personalized line of emoji. Her beauty line, KKW Beauty, launched in 2017 rakes in the highest revenue and has a valuation of more than $1 billion.
Sean Diddy Combs
Sean Diddy is the Chief Executive Officer of Combs Enterprises, an extensive network of companies that spans the entertainment, fashion, movie, and food industries. He has a net worth of $885 million. The largest source of his income is Ciroc vodka, a product of Combs Wines & Spirits.