Stellar Celebrity Investments
Celebrity investors have a reputation for making risky investments, some of which don’t end up well. While their win-loss record may be no better or worse than that of the average investor, their notoriety means that any investment they make is more likely to attract attention. Still, not all celebrity investments go bad, and some celebrity investors, like Ashton Kutcher or Bono of U2, for instance, are noted for making particularly astute investments that have delivered big returns.
In this article, we’ll take a look at some celebrity investments that have raked in the bucks, further enriching the celebrities who were lucky, or smart, enough to make them.
50 Cent Hits it Big on Vitaminwater
Curtis “50 Cent” Jackson has been shot numerous times, but that hasn’t stopped him from keeping an eye out for money making opportunities. After scoring a big success with the album Get Rich or Die Tryin, he struck a deal with the owner of the upstart beverage company behind Vitaminwater. His rumored 10% stake in the company paid off big when Pepsi bought the company for $4.1 billion, giving 50 Cent a projected $60 to $100 million for his trouble.
Dr. Dre Strikes it Rich with Beats
Another rapper who hit it big investing is Dr. Dre, who, in addition to his recording and producing career, created the Beats performance headphones. After the company expanded into streaming music it attracted an offer from Apple for $3.2 billion, making Dr. Dre an extremely wealthy man.
Madonna Rehydrates Her Finances with Vita Coco
After becoming enamored of the rehydrating virgin coconut water drink Vita Coco, Madonna invested $1.5 million in the company. Her taste in beverages has proved to be beneficial for her bottom line, as Vita Coco eventually sold a 25% stake to the parent company of Red Bull China which valued the company at $665 million.
ake in the company paid off big when Pepsi bought the company for $4.1 billion, giving 50 Cent a projected $60 to $100 million for his trouble. to make them.
William Shatner Beams up Profits with Priceline.com
Playing Captain Kirk in Star Trek made William Shatner famous, but taking stock options rather than cash from Priceline.com made him … almost ultra-rich. Shatner’s stake in the company was reputed to be worth $600 million at one time, but after the tech crash of 2000, Shatner sold his stock for much less money. While his profits on the deal were nothing to sneeze at, his bankbook would have benefited from some patience when it came to timing the sale. The stock has since rebounded to a level near its all-time high around $1,400 a share.
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Samuel Rad is an award winning fee-based Financial Planner with Affluencer Financial Advisors in Los Angeles, California. Mr. Rad has multiple licenses in the investments, real estate, and insurance fields. He has spent a considerable amount of his career lecturing at universities and companies, on financial topics such as financial planning, retirement planning, and estate planning.
He currently lectures at UCLA and West Los Angeles College.