In the realm of stardom and riches, certain celebrities move beyond the limelight and strategically accumulate wealth through a variety of investments. Versatility is paramount in the entertainment industry, as well as in the financial sector. On average, celebrities put in $38 million per investment project, with a third investing over $100 million in a single business venture.
Top celebrity investors of 2024
Celebrity investors are still hitting it out of the park, as per a study by FOREX.com, a subsidiary of the StoneX family—a Nasdaq-listed enterprise with $7.8 billion in assets that offers an institutional-grade financial services network to link individuals to global markets. Their finance and trading specialists scrutinized celebrity investments in various assets such as luxury properties, business ventures, intellectual property, financial instruments, vehicles, and collectibles, along with endorsement deals to reveal where celebrities put their money.
Babyface
The ’90s sensation Kenneth Brian Edmonds, known as Babyface, leads as the celebrity with the highest return on investments—earning over 134.4% return on his net worth. This exceeds the average return (120.89%) singers usually see compared to their net worth (13.51%). Edmonds possesses over 20 properties worldwide, including a $7 million New York property and a $3 million mansion in Paris. Moreover, he owns at least five vehicles, including a $3 million Bugatti Chiron.
Chase Hudson
Among the youngest celebrity investors listed, TikTok star Chase Hudson (Huddy) ranks second with an impressive 68.7% return on his $11 million net worth. Huddy has put his wealth in real estate and luxury vehicles, owning a $9 million six-bedroom luxury home in California and a collection of vehicles that includes two Jaguars and a $590,000 Ferrari F8.
Billy Joel
Music legend Billy Joel, with a net worth of $230 million, has also proven to be a shrewd celebrity investor. His 52.2% return on net worth earns him a third spot in the ranking. Joel’s impressive real estate holdings feature a 14,000-square-foot mansion in New York and a Manhattan apartment. Notably, his New York mansion is up for sale with a price tag of $49 million, showing his knack for valuable real estate. Apart from music and property, Joel’s financial empire extends to his record label, publishing company, stocks, and various other profitable ventures.
Which celebrity career path generates the best returns?
These results not only highlight stellar investors but also shed light on which professions are making smart financial decisions and raking in the cash. For instance, out of 233 celebrities analyzed, YouTubers were discovered to yield the best return on investments. Despite having the lowest net worth to start with, YouTubers achieve an average 13.6% return on their net worth. This is nearly a 7% higher return compared to comedians, who typically see the lowest returns at 6.62% of their net worth, on average.
Conversely, despite having the highest average net worth, athletes are not the most successful investors, with a below-average return on net worth of just 9.84%.
Key findings:
- Singer and songwriter Babyface has the highest return on net worth at 134.4%.
- Among all professions, YouTubers display the best return on investments at 13.6% return on net worth.
- Athletes boast the highest average net worth of $905 million but achieve only a 9.84% return on investments.
- Social media influencer Bella Poarch tops the female list with a 51% return on net worth.
