Celebrities are mostly role models. Especially for the likes of you and me. For some, it’s just all about grasping their fashion statement, while others, often draw an example out of their life’s journey. Now, finances are an integral part of everyone’s life, aren’t they? So let’s look at their investment choices; they could well be your financial role models too.
Celebrity investments fall under several heads. Although they mostly invest in businesses, profitable businesses for sure, real estate, funds for social causes, cryptocurrency, etc. are other popular investment modes. Stock purchasing in industry conglomerates and/or start-ups, whose stocks stand a chance of skyrocketing in the near future, is most prevalent. A few examples prove the point.
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Where do celebrities invest their money?
Once, there was some write-up that I’d brush past through. It read out the breath-taking story of Oprah Winfrey’s journey in life. A childhood smeared with poverty, social and financial struggles, sexual abuse, and much more, Oprah had risen to unmatched heights in her career. With her globally famous talk show that spanned over 25 long years (1986-2011) she almost made us think that she’d take over the world someday. And yes, she kind of did. WeightWatchers happened to be her wisest investment decision. The company’s share price stood at $7 per share when she invested $43 million in it. The total worth later tripled to $427 million, as the share prices shot up to $101 per share!
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Given the fact that bitcoins and cryptocurrencies are among the buzzy industries that celebrities are peeping into these days, Ashton Kutcher is one limelight individual who seems to be keenly interested. Kutcher invests in cryptos by drawing cheques under different names, especially the NFT exchange OpenSea.
‘Land banking’ – another genre of celebrity investments. This trend follows a typical pattern. Rihanna, Adele, Elton John, and Rob Zombie are among the few A-listed stars who have their names etched on this ongoing trend!
Planning to schedule an appointment with the best financial advisors in Los Angeles? You can have a word with your advisor on all the options discussed above and a few more as well!