We often see celebrities endorsing successful brands, but some used their fame to create a business opportunity for themselves. Here are 10 celebrity entrepreneurs who were successful in their business ventures.
- Victoria Beckham
Spice Girl member Victoria Beckham (a.k.a. Posh Spice) was named as one of UK’s most successful business people by Management Today. The 40-year-old singer, fashion designer and boutique owner is also a United Nations goodwill ambassador.
- Paul Newman
Newman’s Own founder has made a food product empire out of homemade salad dressing, and he successfully managed it. The company also donated $400 million to charities, thanks to Newman’s philanthropic spirit.
- Jessica Alba
Actress Jessica Alba owns The Honest Company, which sells household products. Alba and co-founder Christopher Gavigan present such promising campaign to consumers by creating household products that are safe, organic and nontoxic. PE Hub reported that the company has closed a $70-million fund in August 2014.
- Tyra Banks
Supermodel Tyra Banks went from strutting the catwalks to producing shows with her Bankable Productions. She currently has “Stylista,” “America’s Next Top Model,” “The Tyra Banks Show” and an upcoming show. Bankable Productions also produced a film called “The Clique” in 2008. The New York Times reported that Banks has an estimated net worth of $75 million in 2008.
- Gwen Stefani
In 2004, celebrity mom and No Doubt lead vocalist Gwen Stefani launched L.A.M.B, a women’s clothing line inspired by Asian fashion. Stefani’s clothing line has been a favorite among celebrity shoppers, which brings about $100 million in sales per year.
- Clint Eastwood
Aside from being an award-winning actor, former politician and director, Clint Eastwood also owns the Mission Ranch Hotel, a production company and golf courses. These achievements and his $35 million net earned him a spot on the list of Forbes’ most powerful celebrities.
- Sandra Bullock
Sandra Bullock is one of Hollywood’s highest paid actress and a successful business woman. She owns Bess Bistro and Walton’s Fancy and Staple.
- Robert De Niro
With his 30 percent share on the profit, De Niro has made a lot from Nobu, which made it to the news this month because of the Caesars Palace bankruptcy issue. He is also one of the owners of Ago, another posh café/restaurant.
- Mary-Kate Olsen and Ashley Olsen
The cute twins in “Full House” made it to the business world with the launch of Dualstar Entertainment Group, LLC in 1993. From there, the Olsen twins were able to expand their business by developing clothing lines for Wal-Mart and Barneys. They also own the sportswear clothing brand Elizabeth and James.
- Oprah Winfrey
Oprah Winfrey started building her empire by founding Harpo Productions and have expanded her dominion with the Oprah Winfrey Network, a company she co-owned with The Discovery Channel. No wonder Forbes included her on their 400 list.
There you have it for 10 of the most successful celebrities in the business industry. For more entertainment features, follow Movie News Guide (MNG).
Photo source: Wikimedia Commons/Alan Light