1. Kim Kardashian West
Reality star turned mogul Kim Kardashian West has launched several businesses including a mobile game, a line of personalised emojis called Kimojis and a beauty line. Kim launched KKW Beauty in 2017, and the line solid out in under three hours.
2. Kylie Jenner
Kylie Jenner started building her empire at the age 18 when she launched her own cosmetics company in 2016. At 21 years old, Kylie Jenner was already the youngest self made billionaire ever, thanks to the wildly popular Kylie Cosmetics.
The company achieved $420 million in retail sales in just 18 months. In November 2019, Kylie Jenner sold a majority stake of Kylie Cosmetics to Coty in a deal that valued the brand at $1.2 billion. According to Forbes, she is currently worth just under $900 million.
3. Kanye West
Kanye West launched Yeezy in 2014. Forbes now places the Grammy winner's net worth at 1.8 billion and it also reports that the Yeezy brand racked up $1.7 billion in sales in 2020 alone.
4. Khloe Kardashian
Considering she hails from a family of famous entrepreneurs, it's not surprising that Good American, a clothing line co-founded by Khloe Kardashian, is already a success. Launched in 2016, the company did $1 million in sales on its very first day. The body positive brand sells denim in sizes 00 to 24.
Rihanna's Fenty Beauty makeup brand generated an estimated $570 million in revenue in 2018, Forbes reported. The singer co-owns the brand with luxury goods LVMH, for a new high fashion line. She also has a lingerie line, Savage x Fenty. According to she is the second most paid female entertainer in the entertainment industry and that made her a billionaire
6. Oprah Winfrey
After spending 25 years on TV as a talk show host, Oprah launched a TV channel of her own, OWN, in 2011. Her 25.5% stake in the network is worth approximately $75 million, according to Forbes. She is also a part-owner of Weight Watchers, with an 8% stake in the company and she has her own magazine, O, The Oprah Magazine.
7. Gwyneth Paltrow
Gwyneth Paltrow's wellness and lifestyle brand Goop has attracted its fair share of haters, but that hasn't stopped the company from becoming immensely profitable.
The actress launched Goop as a weekly newsletter in 2008. It has since expanded into an e-commerce giant as fans shell out big bucks for the beauty, fashion, wellness and home products that get the GP stamp of approval. Her business is $100 million.
A diverse business portfolio has made Jay-Z one of the most successful celebrity entrepreneurs. He founded the entertainment company Roc Nation in 2008. And in 2015, he purchased streaming platform Tidal for $56 million, which was valued at $600 million in 2017. He is currently worth a billion dollars, according to Forbes.
Sean "Diddy" Combs is the chairman and CEO of Combs Enterprises, the umbrella company for a number of his businesses across entertainment, fashion, fragrances, beverages and more. He owns Ciroc Vodka which is part of Combs Wines and Spirits and is now the main driver of his wealth, according to Forbes.
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