There is no surprise that talented people worldwide prefer to diversify their sources of income. For example, many singers and actors open businesses in the fashion industry that are quite successful.
Much of this success stems from their fame and brand. However, the availability of financial resources invested in business development also plays its role.
Still, business success is not only about popularity and capital. Celebrities who run different entities usually invest their time and effort. They learn new skills, participate in business meetings, and make decisions about further growth strategy.
Like any other student, they seek new knowledge and even decide on getting degrees online or on a remote basis. Since they extremely lack time, they often order essays and other assignments on ibuyanessay.com and similar websites – just like any other student.
The truth is that when a celebrity opens a business, they are actually in the same condition as any fresh entrepreneur. The only difference is that they may spend less on marketing since they can advertise themselves.
Here are the top ten celebrities having their own businesses who can inspire you!
Jessica Alba
A famous actress who has been known for her role in the “Fantastic Four” and many other Hollywood pictures runs a company called The Honest Company. It specializes in producing and selling safe and nontoxic household and baby products for customers.
The company is quite successful both in the U.S. and other countries, with its total net worth reaching over $200 million.
Drew Barrymore
A fresh entrepreneur Drew Barrymore, who is also a famous Hollywood star, has recently launched a new home furnishing line in collaboration with Walmart.
It received the name Flower Home and offered customers a wide range of products for a price of $18 to $899. The idea has proved to be successful.
Justin Timberlake
In 2011, this famous singer bought a significant share of MySpace. Today he owns around $30 million in this company’s stock and plays a major role in this social network’s decision making.
Even though MySpace has lost a competition for Facebook, it still brings dividends and passive income to the stakeholders.
Justin Bieber
It is no surprise that a millennial Justin Bieber has also invested money in companies related to social media technologies. Being quite successful in building his singer’s career, this young man purchased stocks in Tinychat, Spotify, and Solo Studios. All of it makes his presence in online industries rather notable.
Cindy Crawford
The supermodel Cindy Crawford often stated that her mission was to help every woman look good in spite of age. Thus, she invested her money in establishing a company that produces the anti-aging skincare line. It is called Meaningful Beauty. As a sideway business, she also owns a line of home products, bringing her $250 million annually.
Robert de Niro
Robert de Niro partnered with Japanese chef Nobu Matsuhisa and opened a network of Nobu restaurants worldwide.
Currently, they have nearly 40 locations across the world. Nobu cuisine is recognized and highly praised by such superstars as Enrique Iglesias and many others.
However, this is not the only venture that this Hollywood star owns. He also invested in Tribeca Enterprises and other businesses in the hospitality industry.
Kylie Jenner
Kylie Jenner has become the youngest self-made billionaire ever at the age of 21. She owns cosmetics, clothing, and other beauty-related lines. Her cosmetics and skincare products are incredibly successful in the market.
In all of her companies, she is the sole owner, whose share is close to 100%. She can be called the most successful businesswoman among all Kardashian sisters.
Gwyneth Paltrow
A well-known brand Goop belongs to this Hollywood celebrity. She was criticized for her approach to wellness and lifestyle.
However, Paltrow managed to succeed in running the business, turning her company into an immensely profitable entity. It soon expanded to cover such aspects as beauty, fashion, and home products for women and kids.
Snoop Dogg
One of the greatest rappers of all times Snoop Dogg invested his money in Reddit. He believed that the Internet had great potential.
Thus, he decided to co-found one of the most popular platforms where people exchange opinions, read the most recent news, and even search for a job.
Such an involvement continues to bring him significant passive income yearly.
Sarah Jessica Parker
Just as her heroine in “Sex and the City,” Sarah Jessica Parker is indeed obsessed with shoes. Thus, she decided to launch her own brand SJP and design high-end shoes.
The price ranges between $300 to $600 per pair and can be found only in two locations in Nevada and Maryland. However, Sarah did not stop with shoes.
She has recently released a line of fragrances under her brand SJP Beauty that was also recognized as successful worldwide.
Final Words
Ten positions are not enough to include all celebrities who make big money apart from their primary job. This list did not mention Oprah Winfrey, Beyoncé, Shakira, and other stars who make profits on selling products under their names.
However, even though they do have financial opportunities, running a business is just as tricky as it is for any entrepreneur. They may save money on marketing, but they still need to seek a great team, hunt professionals, take risks, and make business development decisions.
Thus, business success is not measured with money but with talent and dedication. Every successful business story includes a great deal of efforts, skills, and knowledge. Do not feel that celebrities have a privilege. They work hard to make their projects great.
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