Jeffree Star’s Net Worth: Just In Case You Were Wondering How Rich He Is

If you’ve ever found yourself scrolling through Youtube for videos to mindlessly watch, you may have come across some of Jeffree Star’s videos. Jeffree Star is an American internet celebrity, makeup artist, and is also a beauty vlogger on the popular American video sharing website YouTube. Star is also the founder and owner of Jeffree Star Cosmetics. He has come a long way from his MySpace days, so how is he doing in terms of his net worth?

Who is Jeffree Star?

Born on the 15th of November, Jeffree Star was born to Jeffrey L. Steininger and Marra Shubyann Lindstrom Steininger in Orange County, California. However when Jeffree was just six years old, his father committed suicide, prompting his mother to raise him on her own.

His interest in makeup started when he began playing around with his mother’s makeup at a young age. He then began to wear it outside their home, even convincing his mother to let him wear makeup to school when he was in junior high. After graduation, he moved to Los Angeles where he supported himself with various gigs in makeup, modelling, and music.

Rise to Fame

Star’s rise to celebrity status began with MySpace, which he used to jumpstart his music career as well as blog about his personal life. He then went on to release a studio album entitled Beauty Killer in 2009, but left the music industry for unclear reasons in 2013.

Using his life savings, Star started his makeup label, Jeffree Star Cosmetics in 2014 with a collection of velour liquid lipsticks. His liquid lipsticks quickly became a favorite among beauty enthusiasts and Jeffree Star followed up with highlighter palettes, eyeshadow palettes, and even clothing and accessories.

Using YouTube as a platform to promote his cosmetics products, Jeffree Star and his products have now become a household name. He currently has around 16 million subscribers, making him one of the most subscribed YouTubers in the world and one of the highest paid YouTubers in the world.

Feuds, Drama, and Controversies

At the height of his fame, Star has been involved in a few controversies with other YouTubers in the beauty community. One of his most famous feuds has been with his long-time friend Kat Von D, who he had a falling out with. Star was also involved in a highly publicized falling out with beauty YouTubers MannyMUA, Gabriel Zamora, and Laura Lee.

But perhaps one of the more prominent drama involving Star is the theft of his stock and shipping facilities was broken into. The thieves made away with numerous makeup stocks, including a then unreleased shade of Jeffree Star concealers. Jeffree Star has since been working with the authorities and with commercial litigation lawyers such as McQuarrie to arrest those responsible for the theft and sue them for damages.

Jeffree Star’s Net Worth

Jeffree Star’s Youtube videos showcase him with a lot of luxury items such as Hermès Birkin handbags and custom supercars, all of which he owns in multiples. This may all be possible due to his highly diversified income streams. According to Celebrity Net Worth, Star’s income from his Youtube channel, Jeffree Star Cosmetics, and his other investments are estimated to be $210 million.

Currently, Jeffree Star’s net worth is estimated to be $50 million.

Why Is Gold Becoming a Worthy Investment?

Why is gold becoming a worthy investment

Gold is one of the most popular investment commodities today because of its tendency to maintain its value over time. Throughout most of history, people have chosen to hold gold for a wide range of reasons, gradually perpetuating its worth.

Here are some of the reasons why gold is a smart investment:

It Has a History of Holding Its Value

Gold has a history of retaining its value over time. Since its discovery, gold has been regarded as a coveted commodity. It is a precious metal with unique properties, such as malleability, resistance to corrosion, conductivity, and an aesthetically pleasing color and luster.

Compared to fiat currencies which hold no inherent value, gold maintains its value without depreciating. Furthermore, because its shelf life is essentially perpetual, it is considered as a superior store of value. Even during economic downturns when a lot of other assets lose their value, gold remains highly valued.

It is a Hedge Against Inflation

Gold is considered as an inflation hedge because it offers protection when the value of fiat currencies falls. When a currency depreciates, prices soar and the cost of living increases. Inflation even affects the value of bonds and bond fund investments.

In contrast, gold’s value rises when the value of the US dollar contracts. In fact, gold and the US dollar have been historically known to trade inversely. The reasons for this is that the US dollar is the benchmark for the price of gold. When the US dollar depreciates, gold becomes cheaper for investors to purchase in other currencies.

It is a Safe Haven

Gold is known as a crisis commodity because it holds its value despite global political tensions, economic upheavals, and geopolitical uncertainties. Gold outperforms other types of commodities and assets when there is uncertainty in the market or a lack of confidence in the government.

During times of crisis, fear drives people, especially investors. The more that people worry that the crisis will affect the stock market or even the livelihood of average citizens, the higher the demand for gold and the higher its prices rise.

Investors who do not hold gold are at a disadvantage when it comes to minimizing their exposure to risks and diversifying their assets. Smart investors, on the other hand, purchase physical gold so that they have assets out of the traditional banking system.

It offers competitive returns

Diversifying your portfolio is always a good strategy to mitigate risks. More importantly, gold has consistently outperformed a lot of major asset classes. For instance, investing in gold from Gainesville Coins provides you with a reliable investment that will offer considerable returns over the long-term.

According to a study, over a 15-year period, gold has significantly outperformed bonds and stocks. The study showed that in the same period, the price of gold has increased by 315 percent, a figure that is practically impossible for other types of assets. Compared to oil, for instance, which is another in-demand asset, prices for gold have been relatively stable.

It is a Scarce Resource

The supply of gold is finite, which is one of the main reasons why it is highly valued. This isn’t because gold is scarce in nature. In fact, gold is actually easily available and abundant in nature. For instance, you’ll find small quantities of gold in seawater. However, extracting gold from most sources is difficult and expensive.

Gold is treated as a scarce resource because mining costs are increasing in many countries as the budget for exploration projects shrink. As fewer gold mines are being discovered, the world supply for gold is significantly decreasing. With rising demand and reduced supply, the gold that is already in circulation becomes more highly valued.

Gold is a worthy investment

It is a Tangible and Highly Liquid Asset

Tangible assets are those that you can actually hold in your hand. Unlike other types of assets, you can easily access and control tangible assets like gold. Furthermore, real gold is nearly indestructible by water, fire, and even time. Unlike other commodities, gold does not require regular maintenance or supervision.

Since gold is tangible, it also can’t be hacked or erased, which digital assets are vulnerable to. Unlike bank accounts, brokerage accounts, and payment methods like credit cards, you don’t have to worry about hackers and identity thieves when you invest in gold.

On top of that, gold is a highly liquid asset. Any dealer worth their salt recognizes the value of gold. You can sell any gold bullion, coins, or jewelry you have for cash or trade them for other goods. If you want to liquidate your investment, you can easily take it to any pawn shop, online dealer, or private buyer, and get the funds instantly.

Conclusion

Gold is a worthy investment because it is scarce, liquid, and tangible. It holds its value even during economic and political downturns and is an effective hedge against inflation. It also offers competitive returns for long-term investors.

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