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.
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