Hollywood’s Power Couples and Their Business Ventures
It is no doubt that celebrities earn either millions or hundreds of thousands of dollars for every project that they do. However, no matter how much money they make, they have the most unpredictable jobs in the world. Stardom can sometimes come overnight, and it can fade just as fast. One small mistake or a misstep can ruin one’s career, and Hollywood is not known for giving second chances.
This uncertainty has pushed some of the biggest names in Hollywood towards exploring a different career path. Some of them, together with their spouses, got into the world of business. Here are some of Tinseltown’s power couples and how they made their millions outside Hollywood.
Playtone by Tom Hanks and Rita Wilson
Tom Hanks has been recognized as one of the greatest actors of all time, so it wasn’t at all surprising when he established a production company known as Playtone. It happened back in 1998, and the name was basically inspired by a record company from one of the Hanks’ films titled That Thing You Do!
In fact, the film turned out to be so successful that it brought the fictional record company to life. Since then Hanks’ production company managed to get a deal with HBO, through which they developed some of the biggest shows that eventually won Emmy Awards.
Hanks may not be its current chief executive officer, but its chief financial officer is his wife Rita Wilson. The production company managed to work on some of the biggest films in the industry such as Cast Away, which was actually led by Hanks and even earned him an Academy Award nomination. It also created other critically acclaimed films like My Big Fat Greek Wedding 1 and 2, Mamma Mia!, The Polar Express, and more.
Hanks and Wilson have been together for more than three decades now and their biggest advice to young couples is to not get married until they are 30.
Wall Street Stocks by Kanye West and Kim Kardashian
Reality star Kim Kardashian managed to find success from her cosmetics line, while her husband Kanye West has made millions with his own business venture such as his collaboration with Adidas for the apparel line known as Yeezy. However, it was reported that last year the rapper got his wife a very unusual Christmas gift: stocks from five of the biggest companies in the country namely, Apple, Adidas, Amazon, Disney, and Netflix.
Markets Insider even revealed that Kardashian’s stocks are up by 40 percent. There were speculations that the rapper owns stocks in a couple of companies himself since he knows exactly how investments work. Neither Kim nor Kanye confirmed this extraordinary gifts which seemed unlikely for the reality star since she is always on social media. Some experts say that this is a great example for those who are in doubt when it comes to buying stocks since they are one of the best investments anyone could make.
Will Smith and Jada Pinkett Smith
Hanks is not the only actor to build his own production company. Will Smith has also managed to set up his own, alongside his wife Jada. Will Smith became famous for his television show back in the day, where he usually mentioned his home in West Philadelphia. This is where he got the inspiration of naming his production company Overbrook.
The duo managed to produce Hitch, I am Legend, Hancock, Annie, To All The Boys I’ve Loved Before, and more through their successful production company. Aside from films, Overbrook also put out some soundtracks from Annie, Men in Black II, and more. According to an interview with New York magazine, Will said that the key to their happiness is working together, in life, inside their home, and even on their business.
Tidal by Jay-Z and Beyoncé
And last but not the least, Beyonce and Jay-Z, the most successful couples in the music industry, have also started a couple of businesses together. It is not that surprising when the two got into making money outside Hollywood since Jay-Z has always been interested in being an entrepreneur along with his successful career in music.
As the second-richest rapper in the world, he decided to acquire the tech company known as Aspiro, which is originally a Norwegian firm, through which he released an all-new music streaming service known as Tidal. He may own a couple of businesses on his own such as the 40/40 Club, Rocawear, Roc-A-Fella Records, and more, Tidal is reportedly something that he shares with his wife Beyoncé.
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