A good deal of Hollywood entertainers are incredibly wealthy — but fewer than you might think are really billionaires. What sets these six billionaire entertainers and studio executives apart from their peers isn’t only that they excelled in the industry, but they leveraged their achievement to make investments that provide significant income beyond their wages. Hollywood’s billionaires’ club might not remain small for long, but as an increasing number of stars launch their own clothing and beauty lines. Three stars — Kylie Jenner, Jay-Z, and Kanye West — became billionaires in the last two decades alone. Continue reading for a closer look at how six Hollywood actors that are also billionaires built their fortunes.
West, 42, could have made plenty of cash from his hit records, but it is streetwear new Yeezy that made him a billionaire, Forbes reports. Forbes estimates that the West is worth $1.3 billion. Meanwhile, West claims he is worth $3.3 billion. According to Forbes, West’s fortune is split between a $1.26 billion stake in athletic wear manufacturer Yeezy, $17 million in cash, $35 million in stocks, $21 million in property, $3,845,162 worth of vehicles, $297,050 of livestock, and $53 million in debt shared with his wife, Kim Kardashian West.
Jenner made headlines in March 2019 after Forbes announced her the youngest self-made billionaire ever at 21. The majority of Jenner’s wealth comes from her beauty firm, Kylie Cosmetics, which is valued at $1.2 billion following CoverGirl parent Coty Inc. agreed to acquire a majority stake, Business Insider’s Dominic-Madori Davis reported in November. Jenner, today 22, started appearing on her family’s reality television series,”Keeping Up with the Kardashians,” at age 10 and has since built an enormous social media after so influential that stocks of Snap fell 7 percent after she tweeted that she’d ceased using the app in 2018.
Jay-Z The Millionaire
Jay-Z, 50, pocketed approximately $500 million from his 14 No. 1 records before taxes, but a huge part of his wealth comes from his business ventures, according to Forbes. He founded a clothing line he sold to Iconix for $204 million in 2007 and co-owns cognac brand D’Ussé, along with possessing audio streaming service Tidal. Jay-Z purchased Tidal for $56 million in 2015. In 2017, Sprint bought a 33% stake in the company for $200 million, which put the business’s valuation at $600 million. Jay-Z’s stake in the company is now worth $100 million, Forbes reports. Jay-Z also has a personal art collection worth $70 million, a bet in Uber worth $70 million, and he possesses $50 million in property, according to Forbes.
Mogul Oprah Winfrey
Born to a single mother in rural Mississippi, Winfrey started out as a news anchor before spending 25 years hosting “The Oprah Winfrey Show.” The investments Winfrey made with her share of the show’s profits are now worth about $2 billion, Forbes estimates. She became a billionaire in 2003, according to the Los Angeles Times. Winfrey, now 66, leveraged her show’s success to construct a media empire and amassed a fortune of $2.6 billion in the process, according to Forbes. She possesses 25.5percent of her television network OWN, an 8 percent stake in WW International, and has a content production deal with Apple TV+. . Oprah has also voiced characters in “Charlotte’s Web,” “The Bee Movie,” and “The Princess and the Frog,” in addition to starring in “Lee Daniels’ The Butler” and “Selma,” among others, according to The Oprah Magazine.
The box office success of”Jaws,””E.T. the Extra-Terrestrial,” and”Jurassic Park,” among others, have made Spielberg the top-grossing manager of all time. According to Forbes, the majority of Spielberg’s fortune comes from his movies, but he’s also profited from his position as a consultant for Universal theme parks and the sale of DreamWorks Animation to NBCUniversal for $3.8 billion in 2016. Spielberg, 73, co-founded DreamWorks Pictures alongside Jeffrey Katzenberg and David Geffen. While Forbes estimates he’s worth $3.6 billion, Bloomberg’s Billionaires Index sets his net worth much higher, at $6.15 billion.
Lucas, 75, could be the brains behind two of the most famous movie franchises of our time, but he made most of his money by selling his production studio Lucasfilm to Disney for $4.05 billion in stock and cash in 2012, according to Bloomberg. While Forbes estimates that Lucas is worth $5.2 billion, the Bloomberg Billionaires Index sets his net worth slightly higher, at $6.76 billion. Lucas also executive produced”The Land Before Time” and wrote”American Graffiti,” based on IMDb. His highest-grossing movie,”Star Wars: Episode I – The Phantom Menace,” earned $474 million in the box office. While Lucas initially appeared to be a racecar driver, he chose to pursue filmmaking after almost dying in a car accident. Lucas studied filmmaking at USC before founding Lucasfilm, according to the university’s website. Lucas retired from his studio in 2012 so as to turn his focus on independent films, according to The New York Times.