Coolspotters Blog

5 Celebrities Who Also Love Investing

We don’t usually think of celebrities as being financially savvy. There’s a stereotype of the careless celeb who has more money than he or she needs and spends on whatever enters his or her little head. In certain cases this is true. Nic Cage lost millions from neglecting to pay income tax for years. Burt Reynolds faced foreclosure on his Florida home after failing to pay his mortgage for a year. Marvin Gaye had to file for bankruptcy when he couldn’t pay alimony after his divorce.

But that does not ring true for every celebrity. In fact, some are not just good at keeping their money, but are adept at growing it too.

There are many ways to make money through investing, including Forex trading which probably has the best trading platform available for free. This is how 5 celebs went about investing their money.

1. Ashton Kutcher

He played the epitome of a man too wealthy to know what to do with his money on the later seasons of Two And A Half Men. Well, he’s actually rolling in it in reality, and not just owing to his acting career. He’s made a lot of money in the private equity business, and boasts a portfolio including investments in AirBNB, Skype, FourSquare, and DuoLingo.

2. William Shatner

The original Captain Kirk took on the role as negotiator of the Priceline Group Inc. for stock options instead of pay. This decision paid off in a big way. He sold his shares before the dot-com bubble and, according to some reports, made $600 million. However, Shatner disputes that figure, while acknowledging that he did make a big windfall.

3. Bono

He has to get money for all his philanthropy from somewhere, and it’s not from forcing an album on every single Apple user. He’s involved in private equity, as a founder of Elevation Partners which holds equity in Facebook and Yelp. He also co-owns The Clarence, an upscale hotel in Dublin.

4. Will Ferrell

He has probably never played the role of a good investor on our screens, but in real life he has made some excellent financial decisions. By pouring money into Funny Or Die, he not only won an Emmy but ended up with a website worth between $100 and $300 million. It does not look like he will sell any time soon either, instead choosing to hold on to this still booming comedy mainstay.

5. Magic Johnson

You may know him as one of the most prolific players in NBA history. But since his retirement from the sport, he has founded a holding company called Magic Johnson Enterprises. Aside from all the money he’s made investing in restaurants and health clubs, he has also invested in community, partnering with Starbucks way back in 1998 to develop in new areas.

Celebrities may not seem like financial role models, but some have truly used their wealth wisely, and have shown that fortune does not have to go to waste even for those who live the high life.

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