While stars can earn millions from their main gigs, they also boost their wealth through smart investments, endorsements, and entrepreneurship. Franchises are a powerful asset for creating wealth, drawing in high-profile figures like athletes, actors, singers, and other celebrities.
Curious about which celebrities are refining their business acumen behind the scenes? Check out these 10 business-savvy celebrity franchise owners.
Patrick Mahomes
The quarterback for the Kansas City Chiefs, Mahomes, is a winner both on and off the field. In addition to holding the NFL’s largest-ever contract, he also owns a stake in the Texas-based Whataburger franchise. With plans to open 30 locations in Missouri and Kansas, each averaging around $3.2 million in revenue, Mahomes is expanding his business empire. He also purchased a minority stake in the Kansas City Royals sports franchise in 2020.
Rick Ross
Founder of Maybach Music Group, Ross is also a savvy investor in franchises. He owns almost 30 Wingstop restaurants, generating roughly $7 million in annual revenue for the rapper. Ross even gave one of his Wingstop locations to his son as a 16th birthday gift.
Magic Johnson
Former NBA superstar Magic Johnson has transitioned into a successful investor, amassing a net worth of about $1.2 billion. As of 2022, he owns TGI Fridays and Starbucks locations, along with ownership interests in various sports franchises, including the Washington Commanders, the Los Angeles Dodgers, the Los Angeles Sparks, and the Los Angeles Football Club.
Drew Brees
Retired NFL quarterback Drew Brees scored big in retirement with investments in franchises like Stretch Zone, Everbowl, Dunkin’, Happy’s Irish Pub, and Walk-On’s Sports Bistreaux. With a reported net worth of around $160 million, Brees continues to expand his business endeavors.
Mark Wahlberg
Actor and businessman Mark Wahlberg is involved in various ventures, including the successful Wahlburgers franchise. With over 100 locations globally and an investment in F45 Training, Wahlberg’s business portfolio continues to grow, reflecting his dedication to fitness and entrepreneurship.
Venus Williams
Tennis legend Venus Williams owns four Jamba franchises, showcasing her love for the health-focused brand. Along with her sister Serena, she also has a stake in the Miami Dolphins franchise, expanding her business interests beyond the tennis court.
Drake
Rapper Drake became a stakeholder in the Dave’s Hot Chicken franchise in 2021, capitalizing on its rapid growth and success. The franchise saw a 156% total sales growth in 2022, demonstrating Drake’s keen eye for profitable investments.
Shaq
Retired basketball player Shaquille O’Neal has built a successful second career through investments in fast-food franchises like Five Guys, Auntie Anne’s, Papa Johns, Krispy Kreme, and Big Chicken. With a net worth exceeding $400 million, Shaq’s business acumen continues to pay off.
Megan Thee Stallion
Rapper Megan Thee Stallion partnered with Popeyes fried chicken franchise, owning multiple locations and offering branded merchandise. With a philanthropic donation and a development deal on the table, Stallion’s collaboration with Popeyes is a recipe for success.
LeBron James
NBA icon LeBron James invested in Blaze Pizza in 2012, a move that has paid off handsomely as the franchise has expanded to over 340 locations globally. With an equity stake of about $35 million, James continues to demonstrate his business savvy both on and off the court.
