Top Celebrities Making Money from Beyond Hollywood
The entertainment industry is not just about films, TV shows, and stage performances. Celebrities across Hollywood have diverse interests and businesses that contribute significantly to their wealth. From side hustles to entrepreneurial ventures, these talents have ventured into various industries, creating a multifaceted career path that often brings in substantial returns. This article explores some of the most notable actors and actresses who have leveraged their fame for financial success beyond their on-screen performances.
George Wendt: Bar Patron and Entrepreneur
As a formidable figure in the entertainment industry, George Wendt is perhaps best remembered for playing the role of Norm Peterson in the popular sitcom Cheers . Wendt's career in television spanned 11 seasons and 215 episodes, from 1982 to 1993. However, it's in the world of entrepreneurship where he truly shines. Wendt is no ordinary actor; he is a businessman with a current net worth of around $45 million. Beyond his on-screen success, Wendt has co-owned a restaurant for some time, showcasing his entrepreneurial spirit and ability to capitalize on his fame beyond acting.
Celebrity Ventures into Bourbon and Beyond
It’s no surprise that the world of celebrities is also known for their unique business ventures. A prime example is the rapper and singer Drake, whose business ventures extend far beyond his music. Recognized online as the “Champagne Papi,” Drake has a softer side to his wealth when it comes to liquor. Since 2016, he has been the co-owner of Virginia Black, a whiskey brand. Joining him in this venture are other entertainment industry moguls like Jay-Z with his own brand D’usse, Sean “Diddy” Combs with Croc, and 50 Cent with Le Chemin du Roi. These are just a few of the successful and diverse business partnerships that celebrities have pursued, proving that Hollywood is just as much about business as it is about talent.
Multihyphenate Moguls of the Music Industry
Rihanna stands as a prime example of a celebrity who has leveraged her fame into a multi-hyphenated business empire. Originally known to the world as a singer/songwriter from Barbados, Rihanna has expanded into numerous domains that include fashion, cosmetics, and even sports. In 2019, Rihanna made headlines with Forbes declaring her the world's richest female musician. She co-founded Fenty Beauty, which quickly became a major success, and she also took on the role of Puma’s creative director. These ventures have significantly contributed to her net worth, which, according to Forbes, is estimated at $600 million. Furthermore, she has branched out into building her own cosmetic empire, bolstered by her extensive knowledge of the music industry and her ability to create a brand that resonates widely.
Jessica Alba: Business Queen under 40
Young richness is a phrase often associated with the likes of Jessica Alba, a name that has become synonymous with business acumen and entrepreneur skills. To her credit, Alba has been recognized as one of the richest entrepreneurs under 40 by Forbes, with an impressive net worth of about $340 million. It all began in 2011 when she co-founded The Honest Company, an e-commerce subscription service for products like diapers and baby wipes. This business has evolved over the years, now offering over 100 products. By 2016, The Honest Company had already reached $250 million in sales, and as of October 2017, it was valued at nearly $1 billion. Alba's ability to capitalize on consumer demand for ethically sourced and wholesome products has made The Honest Company a significant player in the retail sector.
In conclusion, these celebrities demonstrate that the path to success in the entertainment industry can be a multi-faceted one. While many stars focus strictly on their performances, the likes of George Wendt, Drake, Rihanna, and Jessica Alba have showcased that strength lies in diversification and expanding their portfolios. These individuals have proven that true power and wealth can come from both the silver screen and the business world.