Believing that handling a colossal fortune is a walk in the park couldn’t be more mistaken, even though it comes with its share of perks and comforts. Celebrities aren’t just watching their wealth accumulate; they also shoulder the responsibility of growing their assets, safeguarding them from depreciation, diversifying investments into various ventures, and engaging in any other endeavors that prevent their funds from lying dormant. In the world of high finance, it’s not all smooth sailing, but rather a constant juggling act to ensure prosperity endures.
Numerous high-profile names such as Ashton Kutcher or Mike Tyson are known to regularly check the bitc price usd and act on an informed basis. They’re also fervent investors in newly launched ventures such as Ethereum or Tether, which, compared to other traditional financial tools, have yet to achieve the same level of notoriety and longevity. On the other hand, whatsoever, other future-oriented, famed individuals have been focusing on different stocks, such as those issued by mega-brands.
The avenues for wealth handling and investment are numerous and diversified, and the approaches held by stardoms can offer some valuable insights for anyone seeking ways to manage their funds smartly. Diversification is a priceless ally in light of well-balanced portfolios and investment ventures. Ellen DeGeneres, for instance, is renowned for more than her popular talk shows but also for her wise moves on the real estate stage. By diversifying investment venues, celebrities safeguard their financials while getting potential ROIs to further redirect into other projects.
Here are the most popular avenues that celebrities have been eyeing and investing in this year, ranging from stocks to philanthropy. Let’s discover their strategic moves and chosen ventures for return on investments or tax breaks.
Stocks
“Where are celebrities putting their money into?” is a widespread question, with “stocks” as an even more common response. With the enormous know-how and expertise celebrities have and are exposed to, it’s undeniable that stocks will remain among the leading investment avenues for high-profile names, especially given their broad diversity. Celebrity stocks, more commonly encountered, are stocks issued by companies that high-profile names find alluring enough to pour money into. Stardoms accommodate all sorts of stocks into their portfolios, and it’s not uncommon for them to advertise a company or stock they decide to focus on.
Oprah seemed to seek world dominance not long ago, and the reality is that she has somehow successfully achieved unparalleled victories, only that they’re related to her wealth. Oprah invested in a weight loss company in 2017 when a share valued at no more than $7, only to see the figures climb to $101 and generate her $427 million wealth. Smart moves like these aided in creating the over $2.5 billion net worth.
Mark Cuban, the reputed serial entrepreneur, has also made a name as a savvy investor. Findings from analytics company Crunchbase disclose that the star has grown a wealth of $3.3 billion through stock investments, which is more than you can hear of from most celebrities acting similarly.
Jay Z, Jared Leto, Ryan Seacrest, and Jessica Alba are other well-known personalities with a taste and know-how for investments. Evidently, some famous individuals possess the magic touch regarding ROIs, especially when it comes to company stocks.
Cryptocurrency
Since the first cryptocurrency, Bitcoin, broke into the market, the celebrity cohort has been among the most intrigued and drawn to the new promising technology to shake up the financial scene. Not a few are the high-profile names that made a fortune from crypto investments, with Elon Musk, Snoop Dogg, and Ashton Kutcher representing notable examples.
Lindsay Lohan, famous for her Arya Stark appearance in GOT, made history with her democratic approach to crypto that turned out to be an example of independence regarding investments. She created a pool asking fans for opinions on whether she should invest or not in Bitcoin. Despite the majority of the votes being negative, she accommodated the asset into her portfolio, setting an example of how proper research and a glimpse into the future are the best allies for expanding the investment portfolio through diverse avenues.
On the other hand, Mark Cuban took a more strategic approach. He implemented Bitcoin payments at his Dallas Mavericks company, offering services in exchange for the reigning digital asset.
As one can see, innovative and revolutionizing technologies such as blockchain, the underlying engineering backing Bitcoin and the rest of cryptocurrencies up, garnered a lot of credit from numerous high-profile names.
Philanthropy
Philanthropic undertakings are nothing uncommon these days, nor have they been in recent decades. Very important figures have resorted to this method to benefit from tax-exempts, making more money fly into their disposable budgets. Numerous names have managed their wealth this way, with American actor and filmmaker George Clooney leading by example. The celebrity has invested millions in causes he believed in, such as humanitarian help for refugees and the fight against the Darfur genocide.
Celebrities take advantage of tax breaks by giving back to communities and the world. If we were to look more closely at the outcomes, they’re also setting positive examples that ultimately benefit their image. Tax breaks eventually add up to the high-profile investor and return in the form of profits. Needless to say, philanthropic endeavors are rewarding on more than a financial level. Besides tax reliefs for those with charitable statuses, celebrities also enhance their social image, contributing to more fame and popularity, which are vital for them to survive the highly saturated celebrity scene. Unsurprisingly, the routes celebrities choose to donate through are varied. Cryptocurrencies such as Bitcoin, non-fungible tokens, personally signed valuable items, or direct deposits are some of the tools renowned figures such as Barbara Streisand, Angelina Jolie, Oprah Winfrey, Beyoncé, and other stars have resorted to in making their donations.
Real estate
Real estate investments are among the most important money-making avenues for celebrities managing their wealth through long-term perspectives. Singer Taylor Swift, for example, boasts an extensive portfolio of real estate properties in US cities, ranging from a Rhode Island Mansion to a NYC penthouse.
These investments make lucrative ventures for celebrities whose disposable capital represents concerns and benefits from professional advice and expertise in the market. Another savvy move often made by stars is to gather more properties and then list them overpriced on the sales market.
Acquiring properties can be a stable and possibly profitable venture. Purchasing, selling, and pouring money into different properties don’t ultimately expand a celebrity’s range of investment ventures and increase their popularity and status as symbols.
Wrapping up
Celebrities are investing in all sorts of projects and avenues, and not a few are the examples that have continuously rewarded them both financially and socially. From crypto to stocks and philanthropy to real estate, the possibilities are endless, and horizons are ever-expanding for big-name personalities worldwide.
