Celebrities like any other profession earns an income. Ultimately, it is what we do with the income that depends on our success in building it into a comfortable retirement fund. We emphasize previously about asset allocation where we place our funds into different investment asset classes i.e. fixed income (Fixed Deposit or Time Deposit/Bond), structured products, Exchange Traded Funds, etc. However, entrepreneurship which is high risk, also provides high rewards which can be seen in these celebrities’ business investments. They have earned substantial wealth from their acting careers but have also demonstrated financial acumen by making wise investment decisions. Here are some of the most successful Hollywood celebrities who are reputed to have made significant earnings from their investments, sometimes rivaling or surpassing their income from acting/ sporting.
Ashton Kutcher is not only known for his acting roles in films and TV shows but also for his prowess as a successful investor. He co-founded the venture capital firm A-Grade Investments, which has invested in numerous tech companies, including Airbnb, Uber, and Spotify. Kutcher’s early investments in these startups have proven to be immensely lucrative, and he has become a recognized figure in the tech investment scene.
Robert Downey Jr.:
While Robert Downey Jr. is widely recognized for his portrayal of Iron Man in the Marvel Cinematic Universe, he has also made strategic investments that have contributed to his wealth. Downey invested in the AI-driven voice-technology company, AltspaceVR, and he has been involved in various business ventures, showcasing his interest in tech and entrepreneurship.
Jessica Alba transitioned from acting to entrepreneurship by co-founding The Honest Company, a consumer goods company focused on non-toxic household products. The company has been valued at over a billion dollars, and Alba’s stake in the business has contributed significantly to her overall wealth.
Ryan Reynolds is not only a famous Hollywood actor, but also a successful entrepreneur. He has invested in various businesses, especially in the spirits industry, and earned millions from his ventures. He co-owned Aviation American Gin, which he sold for $610 million to Diageo in 2020. He also plans to launch his own football-inspired lager, based on his co-ownership of Wrexham AFC. He owns Mint Mobile, a mobile virtual network operator that has grown 500x in revenue in three years. Reynolds’ business acumen is evident in his innovative marketing strategies, which he creates through his own agency, Maximum Effort. He uses timely and culturally relevant ads to promote his brands and products. Reynolds is an example of a celebrity who can leverage his fame and influence to achieve success in the business world.
If you are a fan of Malaysian celebrities, you might be curious about how they manage their finances and grow their wealth.
One of the most famous personalities in Malaysia is Dato’ Siti Nurhaliza, who is not only a singer but also a successful entrepreneur. She launched her beauty brand SimplySiti in 2010, which sells a range of products from skincare to fragrances. According to the New Scientist, SimplySiti products are made with quality ingredients and use Korean stem cell technology. The brand has won several awards and is widely available in Malaysia and other countries.
Another celebrity who has ventured into the beauty industry is Fazura, who is an actress and singer. She started her own skincare line called Fazura Skincare in 2018, which offers natural and halal products for different skin types. She also launched her own supplement brand called TruDolly in 2019, which claims to help with weight loss, skin health and immunity. Fazura Skincare and TruDolly are both sold online and through distributors.
Another prominent example is Neelofa, who is an actress, host and entrepreneur. She founded Naelofar, a modern modest-fashion line that has expanded to over 500 retailers worldwide. She also has a sportswear collection that encourages fitness among Muslim women.
Neelofa is also an investor in several businesses, such as AirAsia, Tealive and TheLorry.com.
Jimmy Choo is a world-renowned shoe designer who co-founded his eponymous luxury footwear brand and later sold it for £525 million. He also plans to open a fashion academy in London to nurture young talents.
Another celebrity who has a keen eye for business is Dato Vida, who is a singer and the owner of Lavida Beauty by DSV. Her beauty products, such as lipsticks, sunblocks and scrubs, are popular among her fans and customers. She is also known for her catchy jingles and extravagant lifestyle. Dato Vida has also ventured into other industries, such as technology, personal wellness and food.
Jane Chuck is a social media influencer, content creator and the founder of two lifestyle brands: Chuck’s and Motherchuckers. Chuck’s is a beauty brand that sells products such as masks, sunscreen and cleanser, with positive messages like ‘Self-Love’ and ‘Glow On’ on the packaging. Motherchuckers is a clothing brand that offers casual and comfortable apparel, such as T-shirts, hoodies and joggers . Jane Chuck started her career as a blogger at the age of 14 and has since grown her online presence and influence across various platforms.
These are just some celebrities who have shown their business acumen and entrepreneurial spirit. They have leveraged their fame, influence and passion to create multiple streams of income and grow their wealth. They inspire us to pursue our dreams and achieve our goals in life.
To reach the My Money Insights editorial team on your feedback, story ideas and pitches, contact us here.