Making the right kind of investment ensures that wealth grows exponentially. Over the years, celebrities the world over have sought to increase their wealth through investing in various business fields. This year has been no different has a lot of them have seized numerous opportunities to grow their wealth substantially by making huge investments.
Available data shows that celebrities invested around $38 million per investment venture, on average, and a third of them invested over $100 million on a single investment fund.
Below, we highlight the top five investments made by celebrities in 2021.
- Jay Z’s investment in Cannabis Payment Company
Billionaire musician, Jay Z, made a number of huge investments in 2021. One of these investments was made in Cannabis payment company, Flowhub. He invested a reported sum of $19 million in a joint venture with Headline and Poseidon. Flowhub, valued at $200 million according to Forbes, helps cannabis dispensaries process payments.
Founder and CEO of Flowhub, Kyle Sherman, making his delight known in a press statement stated that “we are thrilled to announce this capital raise. Headline is an incredible Silicon Valley-based venture capital firm, Poseidon is a pioneer investor in the cannabis industry and Jay Z is a cultural and creative global force no matter the industry he is involved in.”
Jay Z’s investment follows his partnership with Calivia in 2019, through which his own cannabis brand was launched last year. The hip hop star also functions as Calivia’s chief brand strategist.
- Kevin Durant’s $200 million investment in SPAC
Famous NBA star, Kevin Durant endorsed a black-check firm through his Infinite Acquisition Corp, filing for an initial public offering of $200 million. Infinite Acquisition focuses its acquisition strategy on companies in sectors such as sports, health, e-commerce, food and crypto.
Durant will join the leadership team of SPAC alongside entrepreneur, Rich Kleiman, the duo who earlier co-founded venture firm Thirty Five Ventures. Durant’s Infinite Acquisition Corp said that it would redeem its entire shares for cash if it does not close a merger within a year and half after the offering closes. They are offering 20 million units at $10 each.
- Justin Bieber’s investment in teen-focused social network
Popular musician, Justin Bieber recently led a $1.1 million seed investment into a new social network aimed at teenagers. The social network known as “Shots of Me” has been developed by brothers John and Sam Shadidi.
According to the brothers, they became aware of Bieber’s interest after the music star tweeted about his progress in their games. Since then, they have ensured his involvement in testing products and providing feedback. Bieber is apparently in consonance with Shots of Me’s plans to cope with cyber-bullying and its focus on teenagers.
- Zuckerberg’s $53 million investment in 600 acres in Hawaii
The founder of Facebook, Mark Zuckerberg, has made a huge investment into the Hawaiian landscape, acquiring an extra 600 acres which brings his total ownership to 1,300 acres. The 600 acres on the island of Kauai have been purchased for a mouth-watering amount of money totaling $53 million.
The purchase was made from a local non-profit organization called Waioli Corp., and, according to Pacific Business News, the region is known for its lush greenery and is home to exotic plants and wildlife.
A number of native Hawaiians owned tiny pieces of land around his previously-acquired property in the same region, and shortly after his purchase of the Hawaiian land, Mark encouraged the locals to sell their small property so that he can have greater privacy on his new land.
Sam Pratt, the president of the Waioli, said the non-profit organization that withholds lands has thought long and hard about the decision to make the sale, ultimately deciding to sell the land.
This is because the decision “provides Waioli with the financial ability to be able to continue our critical conservation and historical work.” He added that, “we know that this land will remain in their trusted hands and that Mark and Priscilla will act as responsible stewards of Lepeuli today and in the future.”
- David Beckham’s investment in Guild Esports
Retired football star, David Beckham, was constantly one of the highest paid footballers during his playing career. Besides making a fortune from his playing days, Beckham has, over time, made a number of shrewd investment decisions. He supported Guild Esports, a London-based company, by investing $319,000 in June.
He was subsequently made the face of the company, a deal which will earn him almost $20 million over the next five years, according to The Esports Observer. Furthermore, David will be paid 15% of all Guild’s merchandising and sponsorship revenues.
There are also guarantees in place, which means that in a worst case scenario, he would still make about $10 million. Also, he has a stake of 4.78% in Guild Esports which make him the 4th largest investor. This is worth £1.56 million at current market capitalization levels.
Published December 30th, 2021