Billionaire tycoons offloading their prosperous ventures swiftly for substantial profits.
Celebs Slinging Success: The Star-Studded World of Celebrity Business Ventures
Hey there! Here's the lowdown on some A-list folks who've dabbled in the world of entrepreneurship, scoring some serious wins!
But instead of raking in the moolah and expanding their empires, a handful of these celebrities have chosen to peddle their profitable business ventures. So, who's making moves in the business world, despite their fame and fortune?
Haley Bieber
When Haley Bieber unloaded her beloved cosmetics brand Rhode to e.l.f. Beauty, beauty aficionados everywhere were left reeling. The brand's strong foothold in the market, along with staggering sales, solidified Bieber's position as a kingpin in the beauty kingdom.
Credit goes to her ingenious idea, which aimed to make skin look naturally stunning while exuding a tantalizing glow. This simple, yet catchy concept struck a chord with the masses, turning Rhode into a major player in no time. In fact, Rhode reeled in a whopping $212 million just a year prior to the sale! And in May 2025, e.l.f. Beauty announced the acquisition of the brand for an eye-popping $1 billion!
"I dreamt of Rhode going global. With e.l.f. Beauty's ambitious vision and innovative spirit, I knew it was the right team to realize that dream", Bieber shared with her loyal followers on her social media platform.
There's a silver lining, too – Bieber's holding on to her role as the creative director, so it's not all bad news!
Kylie Jenner
In 2019, Forbes crowned Kylie Jenner, Kim Kardashian's kid sis, as the youngest self-made billionaire ever, thanks to her cosmetics line, Kylie Cosmetics. The announcement sparked online debates, with a few cynics questioning the magazine's methodology. But let's face it; Jenner put in serious work to earn that title.
Kylie Cosmetics began modestly, offering just lip glosses known as Lip Kits. However, the brand soon skyrocketed to fame and became a powerhouse in the beauty industry. After reaching the pinnacle, Jenner decided to cash in, selling half of her company to Coty Inc. for $600 million. The deal pegged her brand's value at a staggering $1.2 billion.
"I didn't expect this level of success. I just put in the hard work", Jenner said back then.
Reese Witherspoon
In 2021, the production company Reese Witherspoon founded, responsible for hit shows like "Legally Blonde" and "Big Little Lies," sold for a cool $900 million to former Disney and Blackstone managers.
While the sale might have sent ripples through the entertainment industry, Witherspoon insists that making money was never the ultimate goal.
"Right from the very start, we were a team of like-minded individuals who shared a vision. We aimed to create a brand where every woman could tell her story honestly and without sugarcoating it", Witherspoon revealed.
The company, now known as Hello Sunshine, continued its journey under new management, but Witherspoon remains as the creative force behind it all.
The star continues to champion the power of storytelling, showcasing the emotional depth and diversity of women's experiences across various platforms, from book clubs to podcasts.
Want to catch up on the latest movie schedules and ticket information? Check out our website afisha.Our website.by!
Entrepreneurship doesn't just spill over into the beauty realm for celebrities; Reese Witherspoon, for instance, sold her production company, Hello Sunshine, to ex-Disney and Blackstone managers for $900 million.
In the world of personal-finance, Haley Bieber turned heads when she sold her cosmetics brand Rhode to e.l.f. Beauty for a staggering $1 billion, even after reeling in $212 million just a year prior to the sale.
Kylie Jenner, younger sister of Kim Kardashian, made headlines as the youngest self-made billionaire in 2019 thanks to her cosmetics line, Kylie Cosmetics, eventually selling half of it to Coty Inc. for $600 million.
The entertainment industry is also not immune to the wealth-management plans of celebrities. Entertainment mogul Oprah Winfrey, for example, manages her empire and strives to promote financial literacy among her fans through her network, the Oprah Winfrey Network (OWN).
