Hollywood actors are masters of all trades. We have seen them hitting records or award-winning performances on screen, but many celebrities also have built successful businesses. Today, we bring you a list of Hollywood stars who are also entrepreneurs.
Jessica Alba: The actress is a co-founder of The Honest Company. Launched in 2011, her start-up sells more than 100 non-toxic products, like diapers, shampoo, and household cleaners online and in retail locations including Whole Foods and Target. Despite lawsuits claiming the company misled customers about ingredients in some products, as well as another suit charging its sunscreen was ineffective, the company says it grew revenue to $300 million last year and now has a $1.7 billion valuation.
George Clooney: The talented actor sold Casamigos, the tequila company he co-founded, to Diageo for $700 million in cash upfront and up to $300 million more if the company hits sales goals over the next 10 years, according to Diageo. Clooney developed the tequila with nightlife entrepreneur Rande Gerber, and in 2013 the two partnered with real estate mogul Mike Meldman to launch the company. Casamigos says it sold 120,000 cases of the liquor in 2016 and was on track to sell 170,000 this year.
Reese Witherspoon: The Oscar winner actress is the owner of three companies in recent years. In 2012, she co-founded Pacific Standard, a production company that has developed hit movies, including “Gone Girl” and “Wild.” Three years later she launched the clothing and lifestyle brand Draper James, which received a $10 million investment from Forerunner Ventures and made a deal in May to sell in Nordstrom stores. Her newest venture is multimedia firm Hello Sunshine, which opened for business in 2016 and aims to bring female-centric literary properties to TV and film.
Sofia Vergara: One of America’s highest-paid TV stars, is also the co-founder of the multimillion-dollar licensing, production, and marketing company Latin World Entertainment and digital media company Raze. Vergara and co-founder Luis Balaguer launched the first company in 1994 when they saw that few Latino talents had their own agents. Now the company represents some of the biggest stars in Spanish-language television, such as Alejandra Espinoza and Rafael de La Fuenta.
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