It is really easy now days to become a celebrity. The slightest nod of the crowd can award you with millions of likes in YouTube. Any talent can easily be showcased through any platform and can reach millions of people in a single second. It is amazing what technology can do for us but even though it may seem that the richest celebrities are easier than yours, they have to do lot more than just their work.
Why do richestcelebrities need to invest?
Most of the celebrities in today’s world are smart. They are really far sighted and have a clear vision on how to deal when the worst strikes. Even the celebrities need surety in their life and they too invest their earning carefully and strategically for maximum gains in minimal time. They need an idea to understand how money works and this knowledge cannot be taught it can only be gained through time and experience.
Where do richest celebrities invest?
Most of the celebrities put their investment on something they love to do or have a passion behind it. This is very important because if you are not passionate about what you invest in, you won’t be interested to active part in the decisions made, which in result may lead to lower yield. For example kim kardashian in 2007 had invested in an online shoe and accessories website which currently boasts three million customers and counting. It earns yearly revenue of 22.6 million dollars. Same way Justin Timberlake was an active investor in the thirty five million dollar deal of MySpace and plays a major role in the improvised version of the website. These were few examples on how the richestcelebrities.wiki euthanize their money. Some few examples are listed below:
- Real estate: most basic investment that is made by celebrities is long term one that is real estate. Usually the most expensive real investment made is for their own house but next to that is income property whose net worth would increase over a long period of time.
- Liquefying money: as soon as the celebrities receive their payment first thing they do is to liquefy them just in case of need in an emergency situation.
- Private equity: this is the most popular investment among all the celebrities. Private equity means to own a business not traded in stock market. The celebrities love it so much because it collects an amass of wealth and there is always scope of innovation and for crazy ideas.