Not many fans know that some of their favorite celebrities own companies or are executives of major firms. Clearly, this is a sign that these famous people know how to properly manage their funds and are not into vices that can drain their earnings. They just don’t rely on what they’re earning as actors as they are bent on running their own business while providing employment at the same time.
Many female celebrities are into fashion and cosmetics while the males are in a variety of businesses. But take note that they did not get into their business ventures on their own as most of them had consultants in the likes of Sam Ovens. Find out here who are the bosses in their own businesses.
Actress Drew Barrymore has created a successful line of makeup products known as Flower Beauty. Launched in 2012, Barrymore wanted to provide ladies and women with quality and affordable cosmetics. The actress has been very active in promoting her products instead of paying for advertising.
This Dark Angel star is the co-founder of The Honest Company. With a goal of doing away with harsh chemicals and toxic cleaning products, her business sells non-toxic body care products including diapers and household items. The company has been successful and in 2015 was valued to at nearly $1 billion.
Singer Beyonce Knowles who’s known to be a health buff partnered with her trainer Marco Borges to set up their 22 Days Nutrition business. The company provides vegan delivery service for 22 days for each customer.
The pop music diva is also into fashion. She co-founded the House of Dereon back in 2005 together with her mother. And as if that’s not enough, she also got involved in a sports and activewear label in 2014 together in partnership with British fashion retailer TopShop. Their label is called Parkwood TopShop Athletic.
Sarah Jessica Parker
Sex in the City star Sarah Jessica Parker is living her role in the famous TV series as shoe loving Carrie Bradshaw. The actress has partnered with Nordstrom to launch her footwear line called SJP. Her shoes are specially handcrafted in Italy by third generation Tuscan shoemakers and they’re sturdy which means they can be worn for a long time. Parker has even gone to the extent of making personal appearances at Nordstrom stores in the U.S. Her SJP collection, by the way, also features well-designed bags.
Apart from singing, Justin Timberlake is into several profitable ventures. His investments include the fashion line called William Rast, the Memphis Grizzlies and the tequila brand Sauza 901. According to the pop star, he believed in Sauza 901 “because I made it.”
Ashton Kutcher is not only great at acting but also in managing his businesses. Not many know that the actor is also a tech investor and producer. Back in 2011, he together with billionaire Ron Burkle and Guy Oseary (Madonna’s manager) created A-Grade Investments, a venture fund that invests in tech companies. Among the companies they have invested in, so far, are Airbnb, Spotify, Foursquare, Uber, Fab and Path.
Will Smith owns a product company Overbrook Entertainment which he founded together with James Lassiter in 1997. Based in Culver City, California, the company produces television shows, movies and music.
According to the actor, he created the company to be able to produce films and TV shows and to find roles. As a music artist, he also uses his role in the company to help aspiring artists to record music.
So there. These are only some of your favorite celebrities who own businesses. There are many more and some are even only in their 20s.