Acting and singing aren’t the only talents these celebrities have under their sleeves.
It’s no surprise when celebrities explore different business ventures after already making a name for themselves in the entertainment industry.
Here are some female stars turned entrepreneurs who are running their own multi-million dollar empires.
Goop, the wellness and lifestyle brand founded by actress Gwyneth Paltrow, was launched back in 2008.
Starting out as a weekly e-mail newsletter first sent to 10,377 subscribers, the brand has since expanded to e-commerce.
They’ve done collaborations with fashion brands as well as launched pop-up shops, a print magazine, a podcast, and a Netflix docuseries.
Goop has also partnered with non-profit organizations such as Pencils of Promise, Donors Choose, and The David Lynch Foundation.
As of 2021, Goop has been valued at 250 million US dollars, as reported by CEO Magazine.
The success of Rihanna’s cosmetics line Fenty Beauty has launched the singer into billionaire status.
Launched in 2017, Rihanna had then taken a break from her music career to focus on this new business venture.
Fenty is lauded for its broad inclusivity across various skin tones, after the singer saw a void in the industry for these products.
Rihanna then released a makeup line with a wide range “so that people everywhere would be included,” she said
According to Forbes in 2021, the company was worth $2.8 billion and 50% belonged to Rihanna.
Back in 2011, Jessica Alba co-founded The Honest Company, inspired by the birth of her first child and her own history with childhood illnesses.
The business began as an e-commerce platform that provided alternative diapers and baby wipes. Since then, the company has grown and now sells over 100 products.
In 2014, the company was valued at one billion dollars. As of 2022, Alba owned 6.5 percent of the company and is currently its chief creative officer.
In 2016, Reese Witherspoon founded her production company Hello Sunshine. “I started this company to change the way all women are seen in media,” the actress said.
The company has since been telling women-driven stories such as Big Little Lies, The Morning Show, and Little Fires Everywhere.
The actress has sold a majority stake in Hello Sunshine to a Blackstone-backed media company in 2021. The company was then valued at $900 million.
Witherspoon still owns an estimated 18% stake in the business, making her one of the wealthiest actresses in the world.
Since her days of pop music hits and reality television, Jessica Simpson has been leading one of the most sought-after fashion empires in the world.
Launched in 2005, The Jessica Simpson Collection includes clothing, accessories, shoes, perfume, and luggage. In 2015, the fashion line hit one billion dollars in annual sales.
In the same year, Simpson made a deal with Sequential Brands Group Inc. hoping to expand her business. However, in 2021, the new parent company had to file for bankruptcy.
A year later, Simpson regained full ownership of her company and has already turned the tides.
“My standards, I’ve realized, are the right ones because I know myself … and I know what I can give to the world and it inspires me to inspire people. Honestly, it keeps me happy and sane, the more I do,” she said.
Banner image via Instagram @gwynethpaltrow.