To be honest, we hope we could have a fraction of what some of these celebrities earn so we could live in a luxury apartment with an income. Celebrities, on the other hand, don’t merely make money through their jobs. It’s all about diversifying that portfolio in today’s market, which means the things you recognize them for aren’t necessarily the things that make them wealthy. Here are some facts, keep reading.
Sofia Vergara has been crowned the best-paid actress for three years in a row, earning unfathomable sums ($37 million in 2014 alone), but while Modern Family and other acting engagements contribute to her income, they’re far from the majority. Instead, she gets a lot of money from endorsement deals with Diet Pepsi, CoverGirl, Head & Shoulders, AT&T, and even a pharmaceutical called Synthroid.
Perfumes and Beauty
Most big-name celebrities realize that releasing their own perfume is an easy way to make some major cash. Britney Spears, Mariah Carey, and Taylor Swift are just a few examples.
Apps and Social Media
Do you want to know how much money Kim Kardashian’s app has brought in to date? The answer is $200 million. Selena Gomez, Will Smith, Jay Z, Justin Bieber, Edward Norton, Ashton Kutcher, and a bevy of other celebrities are all investors in applications and internet companies, leading us to ask if Silicon Valley is really just Hollywood.
Celebrities know that putting their name and money behind a restaurant may help bring in even more dollars and cents, from Justin Timberlake’s NYC restaurant Southern Hospitality to Eva Longoria’s Hollywood customer Beso.
Aerosmith’s video game Guitar Hero: Aerosmith has made more money than any of their albums, performances, or even their own merchandising. From Spotify to that Subaru commercial, musicians are making a lot of money while their licensing takes care of everything.
Also READ: How do actors make themselves cry?