These celebrities made a name for themselves not only as actors, singers, athletes or models but for becoming successful entrepreneurs as well.
Though their fame helps but without a business plan and quality product, then their company would have never succeeded.
Here are some celebrities that managed to create second careers for themselves.
#1. Patrick Schwarzenegger
He’s the son of famous actor Arnold Schwarzenegger but did you know that he finances his living in Los Angeles by being an entrepreneur? He raised money on his own and opened up Blaze Pizza franchise.
#2. Dr. Dre
In 2006, Dr. Dre partnered with Interscope Geffen A&M Records chairman Jimmy Iovine to create a headphone company in response to their combined displeasure with Apple’s ear buds. Dr.’ Dre’s “Beats Electronics” became a big hit that last year, Apple purchased the brand for $3.2 billion.
#3. Mary-Kate and Ashley Olsen
Since 2007, the Olsen twins opened up a fashion line with Walmart to promote their signature style – boho chic – to make it accessible to all girls. After that, they have extended their love of fashion and ventured out to open other lines such as “The Row” in London and “Olsenboye” with JC Penny. It was reported that the twins sell around $1 billion per year in merchandise.
#4. Jennifer Aniston
Jennifer is the co-owner of a hair-care company founded by biotech scientists at MIT in Cambridge, Massachusetts. “Living Proof’s” goal is to simplify hair care. Now, the company’s products are being sold in more than 1,000 locations.
#5. Shaun White
The two-time Olympic gold medalist is famous for endorsing numerous brands like Oakley, Red Bull, Burton Snowboards and many more. In 2001, he invested in creating video games with Ubisoft like “Shaun Palmer’s Pro Snowboarder” and “Shaun White Snowboarding”. Forbes estimated that the athlete makes $2 million per endorsement deal.
#6. Earvin ‘Magic’ Johnson
The basketball superstar also became a business superstar. When Magic left NBA, he assembled a number of franchises like AMC/Magic Johnson Movie Theaters, 24 Hour Fitness and Burger King. The Magic Johnson Enterprises also owns the Aspire television network. Did you know that he’s also a part time owner of the LA Dodgers? His net worth is reportedly to be $1 billion.
#7. Clint Eastwood
The veteran actor claimed that he had so many unique jobs growing up. Aside from producing, directing and acting, Clint Eastwood owns the Mission Ranch Hotel and Restaurant and the Tehama Golf Club. His net worth is $375 million.
#8. 50 Cent
Real name Curtis Jackson, 50 Cent’s headphone venture SMS Audio is one of the best-known business outlet today. Not only that, but he also invested in beverage company Glaceau which was bought by Coca-Cola for $4.1 billion and earned him $100 million. The rapper-actor also runs two film production companies, a founder of an energy drink and runs a boxing promotion.
#9. Paul Newman
Paul Newman anymore because he traded acting for philanthropy in 1992. The former actor and A.E. Hotchner founded Newman’s Own, a nonprofit company that sells food products. When Newman passed away in 2008, his legacy continues to live on. The company is reported to have donated over $400 million to struggling communities all around the world.
#10. Sandra Bullock
Sandra is heavily involved in expanding her career off camera. She runs her own film production company called Fortis Films which is known to be responsible for producing popular movies such as “Miss Congeniality” which grossed a total of $212,742,720 worldwide. Not only that, but she also owns a southern restaurant called Bess Bistro in Austin, Texas and a bakery called Walton’s Fancy and Staple.
#11. Kathy Ireland
After being on the cover of three Sports Illustrated, Kathy Ireland used her name to create a multibillion-dollar business from clothes to area rugs.
#12. Jessica Alba
She is the co-owner and co-founder of The Honest Company, an environmentally-friendly and allergen-free baby and body products. Since Jessica Alba created the company in 2008, the company then made $10 million its first year of sales in 2012. This year, the company is projected to take in $250 million.
#13. Tyra Banks
The year 2000s have been a busy decade for former supermodel Tyra Banks. She retired from her 20-year modelling career to focus on her media endeavors like her production company, Bankable Productions. The Tyra Banks Show, America’s Next Top Model and Stylista were all produced by her. In 2007, Bankable Productions signed a deal with Warner Brothers and came out with the movie “The Clique”.
#14. Paris Hilton
Did you know that Paris’ wealth isn’t really all from the Hilton legacy? It’s all from her fashion and cosmetic line. Dubbed as “The Billion Dollar Entrepreneur”, Paris Hilton has over 45 stores in more than 40 countries. The heiress is reported to be earning an average $10 million yearly.
#15. Oprah Winfrey
It was in 1986 when Oprah’s media empire was beginning, The Oprah Winfrey Show. She branched out with her own production company, Harpo, which produced a number of popular television shows hosted by people whose career she fostered like Rachael Ray and Dr. Phil. Oprah also owns a film company, Harpo Films and a popular magazine, O Magazine. In 2011, Oprah took control over an entire cable channel, the Oprah Winfrey Network, co-owned by The Discovery Channel. Oprah’s net worth is $2.3 billion.