7 Ways How Celebrities Actually Make Money

Life of our favorite celebs is really fancy, right? All those luxurious cars, private jets, expensive hotels, shopping and champagne...ever wondered how can they afford it?

Well, surely if they are successful at their jobs they can earn quite a lot, but keep reading to find out what REALLY makes zeroes on their bank accounts:

1.”Strike A Pose ”- celebrity modeling jobs

Did you know that the actress Yoruba made millions from her modeling deals with Vitafoam, Globacom, Jobberman.com, Qlichy.com, Klin detergent etc. Also, Funke Akindele’s contract just with Vitafoam is said to be N20 million!

Not to mention worldwide VIPs like David Beckham who earned around $42 million from his modeling campaigns for H&M, Adidas, Coty, Samsung etc. Beyonce, for example, banked $50 million just for her Pepsi ‘’modeling job”.

Even though modeling was always an underestimated job, it seems that celebs make quite a decent amount of money doing it!

2.Trade those stocks!- celebrity investors

While in Nigeria many celebrities trade stocks for many years now, because all of the negative talk about this niche, they do it secretly. Most of them use a local Nigerian broker and trade in Nairas, so they remain mystical...but we’ll find out who are our VIP traders eventually!

On the other hand, foreign celebs are well known for their trading skills, especially Ashton Kutcher. This young actor who is more famous for his lovelife than for his acting roles, can easily be called a trading pro! He saw opportunities (and invested) in startups like Skype, Airbnb, Foursquare, Spotify etc. Just imagine how many millions he made!

3.VIP meals - celebrity restaurants and clubs

When it comes to Nigerian VIPs who really have a “nose for business”, 2Baba is certainly one of them: his club Rumors in Ikeja and Festac Town is really rocking it!

As for the “planetary celebs” the most successful restaurants are: 40/40 in New York owned by Jay Z, Robert De Niro’s Locanda Verde also in the Big Apple, J.Lo’s Madres in Pasadena and many more.

It really pays off to be a celebrity host, right?

4.Million Dollar Name - celebrity names as brands

Just imagine someone gives you million dollars just to use your name? Wow!

Remember Jennifer Aniston’s Smart Water? Well, it certainly wasn’t founded by her, she just lent her name to the bottling company...and cashed in few millions.  In Nigeria few celebs are associated with water as well (but we still don’t know if they just put their name on it or actually founded the companies): D’Banj with his Koko Garri and Koko Water, Nwankwo Kanu and the famous Kanu Water etc.

5.Designed by VIP - celebrity clothing lines

Whether they actually design their clothing lines or just put their names behind it - this is certainly a way to make a lots of money!

In Nigeria many celebrities are proud boutique owners, like: Mercy Aigbe with her boutique Magdiva, Empress Njamah with her House of Empress boutique, Chika Ike and her Fancy Nancy boutique in Abuja and many more. “Famous guys” went a step further and launched their own fashion labels: Sound Sultan’s Naija Ninjas, Sexy Steel’s Needle and Stitches etc.  

Not all celebrities were successful in fashion but J.Lo, Jessica Simpson or Victoria Beckham are certainly examples who made millions (billions??) out of it!

6.Smell Like Million Dollars! - celebrity perfumes

Both Nigerian and planetary popular celebs know one thing - perfumes and beauty products make serious money. For example,2Baba’s wife, Annie Idibia runs a salon in USA and launched Be Olive Hair Collections that brought a lots of cash on her bank account! Then, there is Odunlade Adekola who is a unisex salon owner for some time now...and many more.

Let’s not forget celebs with their own perfumes: Mariah, Taylor, Britney and the “perfume queen” J.Lo who is planning to launch her 19th fragrance soon!

Smell of perfume is nice, but smell of cash is even better, right?

7.The Internet is VIP - celebrities in tech

Some celebs really took advantage of the new trends in tech and earned a lot just of their Instagram and Twitter accounts and own Apps. Kim Kardashian is a great example: her App made $200 million so far!!!

However, some Nigerian celebs became famous by social media itself: Olajumoke Orisaguna who became the most googled name in Nigeria in the beginning of the year, Craze Clown whose Instagram clips made him Naira Bet’s ambassador of 2015, Vic O, Aphican Ape, Wofaifada etc.

So, if this article didn’t give you some ideas how to make an extra income it was certainly entertaining to see how our fav people really make money, right?