This Is How Celebrities are ACTUALLY Getting Rich... #shorts

27 Jul 2023 · 1 min

Watch on YouTube

0:34

Short YouTube video (Capitalism.com, July 27, 2023) arguing that many celebrities build greater wealth by launching and selling businesses than from their original careers. Cited examples: Rihanna (worth $1.4 billion; made more from her beauty company Fenty than from her music career), Kylie Jenner (became a billionaire after a partial sale of Kylie Cosmetics that valued the company at $1 billion), and Gary Vaynerchuk (sold Empathy Wines for $100 million after two years). The speaker’s takeaway: even without a huge audience, people should sell products/services to build wealth.

Questions this video answers

$1.4 billion.

Fenty (her beauty company).

$1 billion valuation for Kylie Cosmetics (after a partial sale).

Sold for $100 million; the company was two years old.

Chapters

Do you know that Rihanna is a billionaire? She's worth $1.4 billion, but she made more money from her beauty company called Fenty than she made in her entire music career combined. Kylie Jenner became a billionaire when she sold part of Kylie Cosmetics, which gave her $1 billion valuation. And Gary Vaynerchuk sold Empathy Wines for $100 million. And it was only two years old. Now, they all had audiences, they all had name recognition, but they made their money selling stuff. Maybe you don't have a million person audience, maybe you're not even an influencer, but sell stuff.