How The Rich And Famous Become More So

How The Rich And Famous Become More So
Palau by Julian Cohen. Why?

Having become rich and famous in one area, it's amazing how many people go on to become rich and famous in other areas too

Positive Investment News From The Rich And Famous

The Rich And Famous Are Laughing All The Way To The Bank

Most of us will admit to having a bit of a chuckle when news breaks that high profile rich and famous stars and celebrities come a cropper on some financial scheme or another.  So for no particular reason other than it’s nice to hear some good news, here are some examples of the rich and famous becoming even more rich and famous, in some unexpected ways.

George Foreman - Lean And Mean And Rich And Famous

Following his illustrious boxing career, world heavy weight champion George turned his hand to entrepreneurship. He's found success in a whole range of areas, including safe cleaning products, a line of personal care products and a restaurant franchise.  But his biggest pay day came in 1999 when he bagged $138 million for selling naming rights to grill manufacturer Salton.

Paul Newman - Tastily Rich And Famous

Oscar winning actor and winning racing car driver are just two of the successful things that set Paul Newman apart.  But who’d have thought that such an obvious tough guy and heart throb would make a fortune in vinaigrette.  He turned a modest investment of $40,000 into a multi-million dollar global enterprise.  But as he didn’t need the money, he donated $400 million to good causes.

Robert De Niro - Hungrily Rich And Famous

In contrast to the tough, criminal characters he plays on screen, Robert has invested his acting fortune into the more sedate world of property and hospitality.  His most profitable investment has been Nobu, a global international restaurant franchise worth $250 million.

Clint Eastwood - Sportingly Rich And Famous

In addition to making a fist full of dollars as an iconic actor and director, that pales into insignificance compared to his subsequent investments.  He built up a fortune estimated to be worth $375 million through a production company and a restaurant.  Surprisingly, the sedate world of golf has been incredibly profitable for him too, through his brand which grosses more than $10 million annually, and where annual membership of his golf club will set you back a cool half a million.

Magic Johnson - Visually Rich And Famous

US National Basketball Association hall of fame star Magic has proven a wider range of skills beyond ball control.  In 2011, he slipped into the world of fund management, taking up a key role in Detroit Venture Partners.  It aims to reinvest in Detroit based businesses, to get the city moving again after its infamous bankruptcy.  He brings more than money saying: ‘I’ll never write a check and not be active. You’ll see me in Detroit.’

Alex Ferguson - Deliciously Rich And Famous

Despite being an undisputed legend of the beautiful game, there’s more than one lot of Manchester ‘reds’ for which Alex is famous.  As a keen red wine connoisseur, he said: ‘My interest in wine began during a scouting trip in France and, over time, my enjoyment of discovery and collecting grew.’ Earlier this year, he sold part of his collection at a Hong Kong auction for a cool £2.3 million.  Since then, he’s sold more wine at Christie’s in London.  As the bottles went under the hammer, not literally of course, he joked that he’s got plenty in the house to last him for years.

Robbie Fowler - Locally Rich And Famous

Also capitalising on the financial rewards from football, Robbie is a self-styled property king.  Maybe his inspiration stemmed from standing in the wall for Liverpool, for now his bricks and mortar empire has an estimated value of £31 million.  He’s focused heavily on lower priced properties in the locality of where he played, prompting Manchester City fans to chant: “We all live in a Robbie Fowler house” to the dulcet tones of a famous Beatles tune.

William Shatner - Comparatively Rich And Famous

Having hung up his space travelling boots some years ago, in 1997, William invested some of his savings into an equity-based deal with an early price comparison site  Some years later, he cashed out for a astronomical $600 million.  Simples!

50 Cent - Healthily Rich And Famous

You’d be forgiven for thinking that celebrated rapper 50 Cent would like a drop of the hard stuff.  Not so.  He took a 5% stake in an American healthy drinks company called Vitamin Water, in exchange for an endorsement deal.  It netted him a healthy $200 million when its parent company was acquired in 2007.  That figure was 10 times more than his career record sales at the time.

Dave Stewart - Creatively Rich And Famous

Following successful creative business forays in music and advertising, former Eurythmics star Dave is now into banking.  His current venture, First Artist Bank, is focused on the creative community.  It provides funding and management of digital assets and intellectual property.  It also provides advice, "so people don’t sign stupid deals" as Dave puts it.

Ashton Kutcher - Technologically Rich And Famous

Probably inspired by his role as Steve Jobs, Ashton has proved to be something of a hit himself in the world of tech investments.  He made money on Skype, Foursquare and Airbnb and is a co-founder of venture capital firm A-Grade investments.

Please Share This

If you’ve found this page of interest, please would you kindly send a link to it to your friends and colleagues using the buttons below.  You’ll be helping us out, and they might like it too.  Thanks, it's much appreciated.


AJ Bell Is Often The Best Value SIPP For Stockmarket Assets

That's our opinion.  Not just because AJ Bell was the first company to offer an online SIPP.  Nor that it's received many prestigious awards.  And not even because the wife of SIPPclub's Founder has an AJ Bell SIPP.  It's because it's one of the most competitive stockmarket SIPPs on the market. 

Over time, charges can wipe out a huge part of your fund.  We like AJ Bell because there are no set-up costs.  If you hold passive funds, which is our preference, or shares, investment trusts, EFTs, gilts or bonds, you pay one small fixed fee no matter how large your fund.  And when you come to draw your benefits either as occasional drawdown or UFPLS payments, there's a small charge for the whole year no matter how many times you access your money (many SIPP and SSAS providers charge more than this for each payment).  However, you should always compare charges in detail, because AJ Bell could be more expensive than other providers, depending on the type of stockmarket assets you hold.

Visit AJ Bell

Get Valuable SIPP And SSAS Insights Emailed Directly To Your Inbox Every Monday

  • Please use an email address you can access. You can unsubscribe at any time.

As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from  Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.

Please read our full Terms which includes criteria for SIPPclub membership.