In order to survive in the fickle entertainment industry, celebrities come up with a variety of ways to keep their money flowing. Many celebrities step outside of their normal job titles to go on to create business empires that generate millions of dollars. Here are 23 celebrities that have successfully made the crossover into being business moguls.
Mary-Kate And Ashley Olsen, Fashionistas Extraordinaire!Mary-Kate and Ashley Olsen pretty much created their own celebrity-owned brands during their days on Full House. The sisters are currently run the fashion line The Row and Elizabeth.
Michael Jordan’s Exclusive Nike BrandAside from being a basketball legend, Michael Jordan partnered with Nike to create the Michael Jordan Brand. The brand has generated millions of dollars and is a staple in pop culture clothing.
Jessica Simpson’s Billion Dollar EmpireSinger Jessica Simpson launched her own fashion business, the Jessica Simpson Lifestyle Collection. The brand features accessories, shoes, and clothing, and makes $1 billion a year.
Beyoncé’s TopShop DealAward-winning superstar Beyoncé has a variety of business ventures outside of the music industry. She recently launched her athletic line “Ivy Park” exclusively sold at TopShop stores. Beyoncé also created her own entertainment company, Parkwood Entertainment Management, which has managed her recent tours and albums.
Kate Hudson’s Fabulous Athletic Wear
Ashton Kutcher, InvestorAshton Kutcher’s investment company, A-Grade Investments, specializes in investing in various technology startup companies. So far, they’ve invested in Soundcloud, Uber, Airbnb, and Spotify.
Gloria And Emilio Estefan’s Family BusinessEmilio and Gloria Estefan have various establishments in Florida. They’re minority owners of the Miami Dolphins. Their restaurants, Larios on the Beach, and Bongos Cuban Cafe are fan favorites.
Magic Johnson’s Way To Give BackIn 1987, Magic Johnson created an investment company, Magic Johnson Enterprises, that specializes in creating jobs in inner cities. Johnson once had a stake in the Los Angeles Lakers, owned various Starbucks franchises, and was a co-owner of the L.A. Dodgers.
Paul Newman’s Cause For CharityThe older generation knew Paul Newman for being a Hollywood heartthrob. Now, he’s known for his famous salad dressing and food products. The profits from his products are donated to charity.
Shaquille O’Neal’s Life After BasketballShaquille O’Neal created an affordable shoe brand for low-income families that is sold at Walmart stores. The former basketball star has various endorsement deals and is currently a commentator for TNT.
Serena Williams’ Fierce Lifestyle Off The CourtBesides being one of the best athletes of this generation, Serena Williams has also made a name for herself off the tennis court. Along with various endorsements, Williams created her own fashion line, partnered with HSN, that features trendy, affordable clothing.
Jessica Alba’s Shares Honesty With New ParentsActress Jessica Alba is a co-founder of the billion-dollar The Honest Company. The brand provides a variety of organic and safe baby products.
Nicki Minaj Has A “Myx” Of VenturesBesides being one of hip hop’s biggest acts, Nicki Minaj is also a successful business woman. She’s had a fashion line exclusively sold at K-Mart and is the ambassador of Myx Moscato.
Justin Timberlake’s Revival Of An Old Social NetworkWe all know Justin Timberlake from his boy band days and as a solo artist. The singer previously purchased and revamped MySpace. He also has a brand of tequila and has had a successful acting career.
Why Diddy Is The Ultimate MogulAside from being the founder of Bad Boy Records, Diddy has launched numerous other business ventures. He’s created a clothing line, various reality TV shows, and is currently the spokesman for Ciroc Vodka.
Dr. Dre Beats The Odds
Jay-Z Is More Than Just A RapperJay-Z went from being a top-charting rapper to being a businessman. The rapper has a cognac deal and is currently a co-owner of the streaming site, Tidal.
Will Smith’s Rise From TV To Box Office KingWill Smith was one of the first hip-hop acts to have his own television show. Smith went on to become a box-office hit actor. He also has his own production company that produces television shows and films.
Rihanna’s A Chart Topping Artist And Fashion DesignerRihanna recently launched her own line of shoes and clothing, Fenty by Rihanna, in a partnership deal with Puma. The singer also has her own fragrance line and a deal with MAC Cosmetics.
Ice Cube’s Transition From Rapper To Hollywood Guru
Will Ferrell Created This Comedic WebsiteWill Ferrell has made us all laugh on the big and small screen. The comedian-turned-actor is one of the founding members of the comedic website, Funny or Die.
Kim Kardashian’s Self-Made FameKim Kardashian is famous for being, well, famous. She’s turned her fame into a business by launching a variety of clothing lines, apps, and reality TV shows.