Just when we think celebrities can’t get any richer, they take all that hard-earned Hollywood money and start investing it. But not every decision they make is always the right one. Historically, many celebrities are just as famous for making poor, and often flashy business decisions, even causing some celebs to go bankrupt on occasion.
The reality is many celebrities often make their biggest paydays just by being themselves. The more famous someone is, the more often their name becomes a lucrative global brand. Still, the most prominent figures in Hollywood often got to where they are with a lot of hard work and clever business decisions along with their million-dollar smiles.
Here are 12 celebrities taking their mega fortunes to the next level with their brilliant investments.
As it turns out, the supermodel turned America’s Next Top Model host is worth an estimated $90 million.
Not only is she the CEO of her own film and television company, Bankable Productions, but she’s also been investing in prominent women-led companies for years through Fierce Capital (her investment platform).
One of her biggest investments? The Muse. It’s a female-founded networking platform, which had an estimated net worth of $100 million as of 2016. Banks is also a major investor in a number of other companies, including The Skimm, Videogram, and the foundation she created to help young girls with their self-esteem, T-Zone.
You probably know Ryan Reynolds best for his role in Deadpool. But did you know this famous funny guy is also one savvy investor?
According to Yahoo! Finance, Reynold’s net worth is currently about $75 million. While much of that money has been acquired through Hollywood, he’s been earning a significant chunk of change through his business ventures lately.
Have you seen Reynolds in Mint Mobile commercials? He’s not just some actor the company hired. Of his many budding investments, it’s officially one of his most lucrative deals. Last year, Reynolds announced he’d purchased a hefty interest (reportedly over 25%) in the discount prepaid cellphone service provider.
Mint Mobile’s net worth currently sits somewhere between $600 and $800 million.
Jessica Alba made a name for herself around Hollywood with films like Honey, Fantastic Four, and Sin City. But in recent years, many have wondered why they haven’t seen her on the silver screen quite as often.
In addition to taking care of her children, Alba’s been notably busy with her own company and a few major investments.
After founding her household product and personal care company, The Honest Company, Alba invested in numerous startups, including Headspace and Managed by Q. Recently, her almost billion-dollar company received a $200 million-dollar investment from L Catterton.
As for her net worth, it’s said to be $200 million.
The five-time NBA champion has always known how to make bank. He broke records back in 1981 when he signed with the Lakers for $25 million, but he didn’t stop there.
In 1987, Johnson set up his majorly successful investment company, Magic Johnson Enterprises. For decades, the company has made smart early-stage investments in various startups, including ShotTracker and Skurt. The basketball star also owns a few restaurant franchises.
Thanks to Magic Johnson’s diverse portfolio, his net worth is sitting pretty at about $600 million today.
Reese Witherspoon is not just an Oscar-winning actress, she’s a successful businesswoman making her mark in two drastically different industries.
For a number of years, Witherspoon self-funded her production company, Hello Sunshine (formerly Pacific Standards), which aims “to make meaningful change in Hollywood,” specifically to offer more opportunities to women. The belief in her business paid off in the end. Pacific Standard went on to release a number of successful films, including Wild and Gone Girl. She recently sold the company for a rumored half a billion dollars, but the company’s mission remains the same.
Adding to her impressive resume, Witherspoon signed on as an executive producer for the HBO series she stars in, Big Littles Lies. Never slowing down for a second, the A-lister has also launched her own clothing line, Draper James, and it’s expanding as we speak.
These days, the former Destiny Child’s star turned international pop diva is a one-woman empire.
From fashion labels to cosmetic lines and a $50 million endorsement with Pepsi, one of Queen Bey’s best business strategies is tacking her profitable name onto her investments. She also knows a really good deal when she sees one. Back in 2015, Beyonce made an interesting deal with Uber, telling the company she’d take equity in the company over cash for performing at a corporate event. The company was worth $51 billion at the time.
When the company went public, her stock went up to about $9 million.
Queen Bey isn’t the only one making big money via investments in the Knowles-Carter family. When you combine this couple’s business ventures, they get significantly richer.
Throughout the years, Jay-Z’s string of smart investments have helped him reach an estimated net worth of $1 billion.
Jay-Z became “hip-hop’s first billionaire” through a plethora of ventures, well-timed investments, and endlessly hard work, and smart investments. One of his biggest paydays outside of his music career was the launch of a music streaming service called TIDAL, now worth about $100 million. Perhaps Carter’s most impressive investment thus far was purchasing Uber stock. As noted by Finance Buzz, that $2 million in shares is now worth an estimated $70M.
Rachel Zoe has always been a big name in the fashion world. But the designer and stylist has been making money far beyond the catwalk for years.
The sharp businesswoman and early-stage investor has put loads of money into startups like BeautyCon and FabFitFun. And it’s paid off big time. On top of those profitable investments, Zoe has also made some very smart business decisions here and there that have also helped secure her fortune. For instance, her wildly successful style platform was purchased by Bustle Digital Group for an undisclosed (but rumored to be gigantic) amount a few years back.
Reportedly, Zoe is worth an estimated $30 million.
George Clooney is another famous face who has been spending less time on set and more time investing lately.
Most notably, the A-List actor founded (and sold) a billion-dollar company once upon a time. But he’s also made a number of top-dollar real estate investments, setting himself up for a long-term passive income. And while many people think he has stock in Nespresso, he’s actually been the company co-partner since 2013. As for his paycheck for all of those advertisements? As noted by Caffeine Vibe, he earns a whopping $40 million to rep his own company.
Once the highest-paid actor in the world, he’s now earning the majority of his money through investments and “side hustles.” Last year, his net worth reached an estimated $500 million.
Justin Bieber makes millions off of his music career, fragrance line, and popular clothing brands. But he’s also been a big investor for years, putting his hard-earned pop fortune into companies like Spotify, Liquid I.V., Stamped, Causely, which is worth about $6.34 million on its own. Alongside Scooter Braun’s team, he also joined a $1.5 million financing round for Tinychat.
So what’s the Biebs trick to picking the perfect investment opportunity? Per Forbes, half of it is working with the right team, but the other is picking investments that he not only likes but fully believes in. And Bieber says that he’s forever on the hunt for his next great investment idea.
Perhaps one thing all of these celebrities have in common is that when it comes to their careers and business ventures, they keep moving. As of 2021, all of his business savvy moves have helped the 27-year-old’s net worth climb to a staggering $3.2 billion.
Ellen Degeneres is not just one of the busiest people working in TV; she’s just as busy in the real estate world too.
As noted by Money.com, Ellen DeGeneres is one of the most well-known house-flippers around Hollywood. Since achieving mega fame, the comedian and talk show host has flipped about 12 properties, and they’re not just any properties. Once upon a time, she flipped a home worth $40 million and earned a $15 million profit.
For everyone who thought Oprah Winfrey was setting out to conquer the globe, you weren’t entirely wrong. And it’s in major part thanks to her investments. From her entertainment network, OWN, she makes around $40 million. But she’s been branching out far beyond the entertainment industry for some time.
Of her many profitable investments, one of Oprah’s wisest decisions was putting her money into WeightWatchers, now rebranded as WW, in 2015. The “Queen of all media” dropped $43 million into the weight loss company. At $7 per share, Oprah’s already jaw-dropping fortune increased nine-fold following a spike in stocks. She wound up with $427 million.
Over the years, knowing when and where to invest her time and millions has been a significant part of Oprah’s professional prowess. But she lets her money do the talking these days. Currently, her net worth is estimated to be $2.5 billion and is still on the rise.