Celebrity Wealth Calculator: What It Takes To Be Rich
Typically, celebrities become rich through the career that made them famous. Joaquin Phoenix, for instance, has earned almost all of his money via his acting career. The richest celebrities have found a way to diversify their incomes and earn income elsewhere. Whether it is through paid endorsements, investments, or a business of their own, the truly wealthy celebs are raking in cash more than one way. Beyonce and Jay-Z are one of the biggest power couples of all time. Together, they are worth more than $1 billion and, while they’ve both had successful performance careers, the bulk of their wealth stems from endorsement deals and other assets.
If you want to increase your overall net worth to a celebrity level, there are a number of things to consider. First, consider your career. If money is the most important thing, you may want to think about choosing a career with a higher salary. As you can see from the celebrity wealth calculator above, most celebrities are making what you do in a couple of days. Finding extra ways to make money on the side won’t ever hurt.
You’ll also want to make debt freedom a priority. It isn’t possible to be wealthy and carry a ton of debt. No matter what, the money you owe will weigh you down. Once you’ve solidified your income and paid your debts, you can begin to invest in your future. Find assets and stocks to invest in that will grow over time and pad your nest egg, whether it be real estate, individual stocks, or a mixture of investments. Most celebrities have multiple sources of income. Doing so will help you increase your net worth and, who knows, maybe you’ll be as rich as some of these celebrities one day!
Data source: https://www.forbes.com/celebrities/list/