Kylie Jenner Is Richer Than Most Hollywood Celebrities Because Of This Important Reason
Whenever we think about rich people, the image of Hollywood celebrities comes to mind because we often get to hear about and see their lavish lifestyle. However, you’d be surprised to know that most of these celebrities are not as rich as you might think. In fact, they are well below the billion-dollar mark.
So what is it that enables some celebrities to become billionaires while others never seem to reach that level even though they seem to be working just as hard? Two words: good investments. It is a fact that the billionaires of Hollywood have all made some very profitable investments that have exponentially multiplied their salaries.
However, this list of Hollywood billionaires is increasing with time as celebrities have started to learn from their billionaire peers and are making their own business investments. While some have started their own line of clothing, others have launched globally successful beauty products. Let’s take a look at some of them.
The year 2019 would always remain a special year for Kylie Jenner, as in March of this year the young woman was declared the youngest person in history to cross the $1 billion benchmark through her own efforts.
Although she has earned some of this through her work on the family reality show, the major chunk worth $900 million comes from her highly successful makeup company called Kylie Cosmetics.
Jenner has a lot of influence which is partially the reason behind her makeup’s success. Her fame can be gauged by the fact that, back in 2018, the share value of Snap decreased by around 7% just because Kylie made a tweet stating she was not going to be using Snapchat anymore.
The 49-year-old rapper has made a lot of money, around $500 million (pre-tax), by working hard and producing 14 super-hit albums over the course of his lengthy career.
But that is obviously not all the money he has made to make him a billionaire. According to Forbes, Jay-Z has made an equivalent amount of money, if not more, from his various business ventures.
These ventures include Iconix, a clothing line which he sold for an amazing price of $204 million back in 2007. He also owns Tidal, an online service for streaming music, and has co-ownership of D’Usse, which is a cognac brand.
The investment in Tidal has proved to be a very profitable one so far, especially since a 33% stake was purchased in the company by Sprint for a massive $200 million.
Currently, Jay-Z owns about a $100 million worth of stake in it. A $70 million art collection, a stake in Uber of an equal amount, and $50 million tied up in real estate all make up Jay-Z’s highly profitable investment portfolio.
And then there is Oprah Winfrey with a staggering $2.6 billion in worth. She became a billionaire all the way back in 2003 thanks to the immense popularity of The Oprah Winfrey show and also the 25.5% stake she owns in OWN, her television network.
More in Fame
Knowing The Reasons Why Many Women Prefer to Live Alone Might Just Convince You to Do So As Well
Women have an unfair image of being obsessed with the idea of marrying and settling down with a partner. In fact,...December 20, 2019
You’ll Be Amazed to See The Incredible & Surprising Features These Celebrities Have Inside Their Homes
While the rich and famous may have plenty of things in common with regular folks, it’s no secret that some aspects...December 19, 2019
Get toi Know The Inspiring Couple Behind America’s Favorite Chinese Fast Food Restaurant
It’s no secret that Americans love eating Chinese food. No wonder a lot of restaurants serving delicious Asian cuisine have found...December 18, 2019
Millionaires Tend to Be Happier in Life Because of This Simple Thing That Has Nothing to Do With Money
It’s no secret that millionaires live a charmed life. With almost unlimited resources at their fingertips, they’re able to get everything they...December 17, 2019
Style Billionaires: These Are The Wealthiest People Behind The Biggest Names in Fashion Today
The fashion industry is one of the largest segments of the world’s economy. In fact, sources estimate that it is currently...December 16, 2019
You’ll Definitely Learn a Lot From This Writer’s Story About The Best Piece of Debt Advice They Just Didn’t Take
One of the most common financial struggles that people face is having and managing various kinds of debts. And with the...December 13, 2019
Love Them Or Hate Them, Influencers Are Here to Stay & This Is Why
Social media influencers have gotten a bad reputation in the past years because of some people’s negative perception of their job....December 12, 2019
Dreaming of Retiring Early? Follow These Tips From Actual Self-Made Millionaires Who Turned The Dream to Reality
A lot of people dream of being able to retire earlier than normal. Who wouldn’t, right? Surely, the thought of working...December 11, 2019
Here’s Your Inside Look At an Extravagant $48 Million Florida Estate That Looks Worth Every Penny of Its Eye-Popping Price Tag
There are mansions. Then there are megamansions. And this new Italianate-style estate in the city of Coral Gables, Florida certainly counts...December 10, 2019