In recent years we have seen some celebrities not sticking to the path that led to their fame. The stars are starting companies that are doing very well and earning them billionaire status. The success of their empires could be attributed to the stars already having a name in society. Fame may only take a business far; successful celebrities CEOs have a business code that makes them succeed in the business world.
Here are successful business that celebrities run
Rihanna, CEO of Fenty Beauty Ans Savage X Lingerie
According to the Forbes estimates, on the 4th of August 2021, Rihanna is the latest billionaire. Rihanna’s net worth of $ 1.7 billion makes her the wealthiest female musician in the world. Despite having the best-selling album, Rihanna’s Fenty Beauty attributes to $ 1.4 billion of her wealth. Savage X Fenty, a lingerie line by Rihanna, is estimated to a worth $270million by Forbes.
Rihanna has 101 million followers on Instagram and 102.5 million followers on Twitter. The capitalization of her social media plays a massive role in the success of her business.
P Diddy deal with Cîroc Vodka
P Diddy is a record executive and producer. His success in the music industry landed him a deal with Diageo’s Cîroc vodka. Diddy used his music to market the vodka pushing it from the 15th best Vodkas to the 2nd best vodka.
The deal between P Diddy and Cîroc Vodka has contributed to the net worth of the rappers
$885million.
Jay Z Owns several Businesses
Jay z is one of the most successful businessmen in the world. The rapper’s first attempt at entrepreneurship was Roc-A-Fella.
In 1999 Jayz started Rocawear clothesline, later sold to Iconix in 2007 for $ 204 million. The rapper purchased a streaming service tidal for $60 million and later relaunched it with A-list celebrities as investors, including his wife, Beyonce.
Jayz has joint ventures and deals with companies including D’USSE’, Armand de Brignac, and uber. Other ventures that gave him fortunes are his art collection, Roc Nation, music catalogs, and real estate.
Robert De Niro co-owns The Luxury Restaurant and Hotel Chain Nobu
The Irishman, The Godfather 2, Taxi Driver, and Ronin are Robert De Niro’s movies. The iconic actor has been in the entertainment industry for a long time and has an estimated worth of $ 500 million.
Besides his acting career, Robert co-owns the luxury restaurant and Hotel Chain, Nobu. The luxury restaurant has 40 branches in the world. Robert also co-owns Greenwich hotel, located in New York.