No matter how well or average you’re doing in whatever field you’re in, one thing is for sure. Investing in other businesses, people, or ventures is one of the best ways to gain financial independence, whatever that means to you. Take celebrities, for instance, they make a ton of money being on our TV screens, but most of them are not content with their acting or singing being their only source of income.
Naturally, they venture out into the business world and look for opportunities they can place their money in to grow and have it work for them. Celebrities like Tyra Banks and Jay-Z have not only made it big in their TV careers but also in their investment ventures. In this piece, we’ll look at three celebrities who made a killing in investments and share with you some of the cookie jars they have their hands in.
If you feel inspired by this article, we recommend that you get started with only the best stock brokers in the UK, since it will ensure that you hit the ground running.
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Tyra Banks
America’s next top model host, Tyra Banks, is familiar to most of us. She has graced the best runways in Millan, Paris, New York, and Tokyo. Hosted some of the biggest reality TV shows on the globe and made a splash in the investment world in her own right. One of her most significant investments is in her own personal brand of beauty and cosmetics products called Tyra Beauty.
The company is her brainchild which she launched back in 2016, which at the time was self-fund and a considerable risk to her, but fortunately, it paid off. However, Tyra is generous with her money and invests in other ventures she believes in through forums such as Fierce Capital. For instance, she has invested in Muse, a job-seeking platform and a high-end fast food restaurant chain started by a chef called Roy Choi.
Tyra has also produced an investment show on NBC called Funded, which invests in businesses doing well by bringing expertise and money to take them to the next level. Other than investing in companies, Tyra also invested in human capital when she got invited by Stanford to teach one of their MBA classes on building personal brands.
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Ashton Kutcher
Ashton Kutcher is a celebrity who has starred in many hit movies and TV shows, but we all remember him as the host of MTV’s Punk’d. But besides delivering convincing performances on the big screens, Ashton is a very prolific investor.
He is one of the founding partners at A-Grade Investments and Sound Ventures, where he and his partners invest in up-and-coming technology start-ups. He also has an impressive portfolio, if we do say ourselves, in well-known companies such as Uber, Airbnb, Bird, and Robinhood, to name a few. In addition, Time Magazine has named Ashton as one of the top 100 most influential figures globally and recognised him for his role in breeding new technology.
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Jay-Z
He’s got 99 problems, but investing ain’t one. The legendary rapper Saun Carter, who goes by the monica Jay-Z, is arguably one of the most successful Hip Hop artists and shrewd investors. We think the best place to start with Jay-Z’s investment journey is his music, which we know him for most. He started his own record label, Rock Nation, which has been responsible for most of his catalogue as well as many other successful artists.
Besides owning his masters, he became responsible for his distribution when he invested in a music streaming platform known as Tidal. However, his investment portfolio doesn’t just stop at music; but is also involved in other more peculiar inhibitions, such as a brand of champagne. In addition, he’s invested in companies such as Uber, Partake Foods, and Perch Credit.
To Sum it Up
Even though we cannot all be successful as some of the biggest celebrities we know. We can all agree it’s good to see some of the most successful people in our society invest in other ventures and small companies that help bridge the gap. However, just because investing in your small capacity will not give you the millions of returns it will give them, it does not mean you should give up. Instead, you should feel inspired and aspire to do more just like they did.
