4 Shocking Celebrity Investments

These celebrities put their millions to good use

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Dr Dre 185 4 Shocking Celebrity InvestmentsCelebrities have a reputation for disastrous financial decisions. Whether it’s blowing cash on mansions, drugs or ex-spouses, the rich and famous just have a way of burning through money.

But then there are the rare celebrities who prove to be savvy businesspeople. Some of them aren’t surprising — anyone who started as a producer in the music industry is expected to have a decent degree of business acumen. Just look at Dr. Dre, the rapper/producer who carved out a solid space in the consumer electronics segment with his Beats brand of headphones.

The Wall Street Journal recently reported that private equity firm Carlyle Group LP is planning to invest half a billion dollars in Beats Electronics LLC. The site suggests the electronics company is worth more than $1 billion, which means the good doctor is probably sitting on a sizeable amount of cash from the investment.

But what about the unexpected investors? The ones we expect to see in gossip magazines, not Forbes? Here’s a look at four of the more surprising celebrity businesspeople.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/4-surprising-celebrity-businesspeople/.

©2014 InvestorPlace Media, LLC

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