Celebrity CEO! These Hollywood stars all became entrepreneurs!
They’ve got business brains as well as talent!
From models and TV personalities to movie stars and talk show hosts, many celebrities have branched out from the medium that made them famous and started their own successful companies. Here’s 10 Hollywood A-listers who pivoted from the entertainment industry to entrepreneurship.
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Oprah Winfrey
After spending 25 years on TV as a talk show host, Oprah Winfrey launched a TV channel of her own, called OWN, in 2011. Her 25.5 per cent stake in the network is worth approximately $75 million, according to Forbes. She is also a part-owner of Weight Watchers, with an 8% stake in the company, and she has her own magazine, called O, The Oprah Magazine. The chat show host’s total net worth is a generous $2.7 billion!
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Gwyneth Paltrow
Gwyneth Paltrow was once known for her Hollywood movies such as ‘Shallow Hal’, ‘Sliding Doors’ and ‘Iron Man’ however she stepped away from the spotlight to create the wellness and lifestyle brand ‘Goop’. The actress launched ‘Goop’ as a weekly newsletter in 2008, however it has since expanded into an e-commerce giant for beauty, fashion, wellness, and home products that get the GP stamp of approval. According to The New York Times ‘Goop’ is worth $250 million.
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Rihanna
Mega pop star Rihanna went from the top of the charts to one of Forbes wealthiest entrepreneurs. Businesses: Fenty Beauty, Savage X Fenty lingerie, Fenty clothing line She launched her ‘Fenty Beauty’ makeup brand in 2017 and it generated an estimated $570 million in revenue in 2018, Forbes reported. The singer co-owns the brand with luxury goods group LVMH, which she recently collaborated with for a new high-fashion line. The ‘Umbrella’ singer also owns a lingerie line, ‘Savage X Fenty.’ Her net worth is currently $600 million, according to Forbes.
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Jay-Z
Jay-Z, whose real name is Shawn Carter, is one of the many rappers who has turned their music career into something more. One of the most successful individuals in the hip hop industry, Jay-Z is also one of the co-founders of the Roc-A-Fella empire. This includes everything from films to clothing. In 2015, he purchased streaming platform Tidal for $56 million, which was valued at $600 million in 2017. In 2019, Jay-Z became the first hip-hop artist to become a billionaire thanks to his businesses and investments.
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Jessica Alba
You probably know Jessica Alba from her most popular movies, like ‘Fantastic Four’ and ‘Honey’, but acting isn’t the only thing she does. In 2012, Jessica entered the world of entrepreneurship with her all-natural product line, Honest Company. By creating baby products using only natural ingredients, Jessica and Honest Company were able to become an instant success. In 2016, the company pulled in a reported $250 million in revenue. However, last year there was some controversy surrounding company as its valuation dropped from an estimated $1.7 billion, and it settled two lawsuits in the summer of 2017, Reuters reported.
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Cindy Crawford
Supermodel Cindy Crawford has traded the runway for the boardroom as she became the co-founder of the anti-aging skincare line Meaningful Beauty. She also has a line of home goods, Cindy Crawford Home, which sells at Rooms to Go and Furniture.com and brings in annual revenue of $250 million, Forbes reported in 2015. In January 2019, Crawford also collaborated with LeBron James, Arnold Schwarzenegger and Lindsey Vonn to launch Ladder, a line of wellness supplements.
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Cameron Diaz
Hollywood A-lister Cameron Diaz hasn’t starred in a movie since the 2014 adaptation of ‘Annie.’ The star is now an entrepreneur and writer. She launched the wine company Avaline with her business partner Katherine Power in July 2020. The wines that they create are free from animal by-products and made from organic grapes. She’s also written two books about health: ‘The Body Book’ and ‘The Longevity Book’.
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Kate Hudson
Kate Hudson co-founded the activewear line Fabletics in 2013 as a digital-only brand but as of 2018, Fabletics had 25 retail stores with plans to open 75 more. Forbes reported that it brings in annual revenue of $300 million. In April 2019, Hudson launched another clothing brand, this time with a focus on sustainability. Her eco-friendly line, HappyxNature, offers affordable bohemian-style pieces. The former Hollywood actress has a net worth of $80 million thanks to her business ventures.
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Kylie Jenner
‘Keeping Up With The Kardashians’ star Kylie Jenner started building an empire at a young age. At 21, Kylie became the youngest self-made billionaire ever, thanks to her wildly popular Kylie Cosmetics brand. Launched in 2016, the company achieved $420 million in retail sales in just 18 months. In 2019, she launched the Kylie Skin line, and she sold a majority stake of Kylie Cosmetics to Coty in a deal that valued the brand at $1.2 billion, The Hollywood Reporter reported.
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Kim Kardashian
Reality star-turned-mogul Kim Kardashian launched several businesses including a mobile game, a line of personalized emojis and a beauty line and clothing brand. The ‘Keeping Up With The Kardashians’ star launched KKW Beauty in 2017, and the line sold out in under three hours. The company generated more than $100 million in sales in 2018 and a year later Kim launched her shapewear line Skims. The line sold out of several styles, colours, and sizes almost immediately after its launch, with “tens of thousands of orders in a matter of minutes,” Jens Grede, partner, and director of Skims board, told Forbes.
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