5 Celebrities Who Love Investing
Investing money can be one of the best ways to become rich. You don’t need a lot of money to begin with either, but the more money you invest, the higher your return will be. That’s why celebrities all across the globe are investing their cash into various businesses and start-ups. We’ve compiled a list of five celebrities who love investing their cash and time to earn millions of dollars.
Comedian and actor Will Ferrell, best known for his comic roles in Anchorman, Elf, Saturday Night Live, and Step Brothers, may not seem like your typical investor, but he helped create something that may earn him hundreds of millions. Ferrell created Funny Or Die, a comedy website that posts videos from celebrities around the world, and the website has even won an Emmy.
Whilst the site is not currently for sale, estimates have valued the website anywhere between $100 million and $300 million.
Famous for his roles in That ’70s Show and various movies and television shows, Ashton Kutcher has turned $30 million into $250 million via the help of Madonna’s manager Guy Oseary and billionaire Ron Burkle. The trio’s investments in Uber, Airbnb, Skype, Spotify, Pinterest and many more has definitely paid off.
The lead singer for Irish music group U2 is another celebrity that loves investing his money. Bono is founder of Elevation Partners, an American private equity firm that has assets totaling $1.9 billion. Elevation Partners holds equity in Yelp, Facebook, and is co-owner of Palm Incorporated which acquired Hewlett-Packard in 2010. Bono also co-owns a 50-room hotel in Dublin, Ireland, The Clarence.
During Magic Jonhson’s basketball days he was given advice to learn about businesses, and this advice has definitely paid off. Johnson founded Magic Jonson Enterprises in 1987, and the conglomerate owns movie theaters, restaurants, and health clubs, whilst also holding stakes in various real estate firms, life insurance companies, and sporting teams.
Sean Combs, better known as Puff Daddy, P Diddy, or just Diddy, may be one of the most successful celebrity investors in the world. Combs has investments with Diageo, a beverage company, with Combs marketing their Ciroc Vodka. Combs is also partnered with tequila brand DeLeón, along with having his own clothing brand and a large stake in TV network Revolt. Combs made $130 million in 2016-17, helping his net worth grow to where it is now; $825 million.