If you don’t have a side business in a world where starting a business (especially an online business) is easy and profitable (most of the times), you are really behind the race. Celebrities have loads of cash, right? Yet they are big fans of side businesses. Following are some of the famous celebrities who have a side business.
George Clooney recently made headlines when the UK-based drinks company Diageo announced that it was acquiring Clooney’s tequila company for a whopping $1 billion. Clooney started tequila company Casamigos Tequila when he and his friend Rande Gerber were in Mexico, building their vacation homes. As one would expect, Clooney and his friend were drinking a lot of tequilas during their stay. But they weren’t satisfied with the taste, and the hangovers they were getting. Clooney decided to make tequila of his own. They found a distiller and explained to him their dream tequila drink. So started the great Clooney business.
American rapper Sean John Combs, also known as Puff Daddy or P. Diddy, has a passion for starting new businesses. In 2002, Fortune magazine listed Combs at number twelve in its top 40 under 40 entrepreneurs list. In 1998, Combs launched a clothing line with the name of Sean John. Combs also started two restaurants in New York and Atlanta, but they were later closed. In 2008, P.Diddy acquired Enyce clothing line for a whopping $20 million in 2008. He also bought a stake in Revolt TV.
Oprah Winfrey is one of the most famous TV hosts of all time. Ms. Winfrey has various deals with TV channels and magazines, as a result of which massive income keeps piling up in her account. Oprah has a deal with ABC Television Network to produce Oprah Winfrey Presents telefilms. Oprah Winfrey’s total worth stands at $2.7 billion. Perhaps the biggest business achievement of Oprah was in 1986, when she founded Harpo Productions, and signed a deal to get a part of the total income generated by her show.
Liam Gallagher is a famous rock musician. The star has his own clothing brand called Pretty Green. The company was launched in 2009, and has about 15 stores in the UK. Liam also owns a production company, 1 Production.
Robert Bernard Fowler
Robert Bernard Fowler is a former Liverpool striker who is also one of the highest scorers in EPL history. Fowler started investing in property when he was 18. He is now a property tycoon, with a portfolio worth millions of dollars. He was perhaps the only famous person who not only survived the 2009 property crash, but even made money out of it.
Paul David Hewson
Paul David Hewson, or Bono, is a famous Irish singer-songwriter. But Bono also is also a pretty well-known venture capitalist. Bono has a massive stake in Elevation Partners, a private equity firm. He owns stakes in tech companies like Facebook, Yelp and Google.