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Monday 3 February 2014

THE NEW CELEBRITY ENTREPRENUERS



Steve Nash

Known for his uncanny court vision, the 38-year-old NBA point guard is one of just 12 players to win the MVP award multiple times. His eye off the court is just as daring, through nine investments that are mostly sports-centric, including Liquid Nutrition (juice retailer), OneBode (supplements), the Vancouver Whitecaps Major League Soccer club and a string of gyms that bear his name.

“I want to build something special and be a part of exciting growth with different companies and at the same time not impact my kids’ chances of going to college,” says Nash. Dividends from his investments, along with traditional endorsements with the likes of Bridgestone, Dove and Sprint, generate $4 million annually for Nash—a sweet supplement to his NBA salary, which was $9.4 million this past season.




Justin Bieber


 

The youngest member of our Celebrity 100, Bieber is more than just a pop star, he's a budding venture capitalist. He has put his money into Silicon Valley startups like Spotify and Tinychat.

 

 


Fergie


 

A decade ago Fergie was getting off crystal meth and collecting unemployment after leaving girl R&B group Wild Orchid.

Fronting the wildly successful Black Eyed Peas, the 37-year-old singer is now more into owning vice than partaking, from equity in low-calorie vodka brand Voli to a new vineyard (Ferguson Crest) to a stake in the Miami Dolphins. “I really had to start from scratch,” she says.

 

 


Selena Gomez


Justin Bieber isn’t the only teen star dabbling in early-stage investing—his girlfriend caught the bug, too. In November Gomez joined a $750,000 angel-investment round for photo-sharing app Postcard on the Run. The L.A. startup, led by former MySpace exec Josh Brooks, lets mobile users snap pictures on their phones (both Android and iOS) and turn them into physical postcards at 99 cents a pop and up.

Gomez is an active investor—she says she’s helped Brooks understand his app “from a 19-year-old’s perspective,” encouraging him to add space on each card for messages. “I put my money into the project because I really felt like it had meaning,” she says, adding that she has over 700 photos in her iPhone. “I used to look through photo albums with my family, and now I don’t. There’s something really magical about holding a photo in your hands.”

 


Jessica Alba


Alba, 31, became an entrepreneur out of necessity. Pregnant with her first child, the actress read the book Healthy Child Healthy World and realized how difficult it would be for an average mom to keep her house toxin free. So she used her own money to start The Honest Company, a website that offers monthly deliveries of nontoxic diapers and cleaning products to new moms. (more..)

In March the company closed a $27 million Series A investment led by General Catalyst, Lightspeed Venture Partners and Institutional Venture Partners. Alba, who owns a significant stake, says she prefers building a business to just endorsing a product. “I’m big on data and statistics and hard facts,” says Alba. “This is my passion.”

 

 

Tobey Maguire

In the wake of Facebook’s $1 billion acquisition of Instagram, photo sharing is the hot new space. Tobey Maguire, 36, got in early on Mobli, a site that lets users share photos and video. “I’m passionate about the way technology can empower us all to be storytellers,” says the actor.
He invested in Mobli earlier this year after his friend Leonardo DiCaprio took part in a $4 million round. The site has yet to turn a profit, but 20,000 new users are signing up every day, and, as Instagram proved, when it comes to buyouts, users are more important than revenue.

 

 

Ashton Kutcher

Demi Moore’s Twitter-happy ex might be best known for playing dim-bulb characters, but ask Kutcher about his investing strategy and terms like “social ­platform,” “angel investments” and “scaling” roll easily off his tongue. The godfather of celebrity investors, Kutcher, 34, first bought into tech startups six years ago, when he was looking for tools to help his Web production company.

Since then he’s become a darling of Silicon Valley, putting his money into such companies as Skype, Spotify and FourSquare. Kutcher says he uses products from all of the companies he invests in, including Airbnb, which was recently given a $1 billion valuation. His advice to new celebrity investors: “Educate yourself. If you’re going to make an ­investment, make sure you know what you’re investing in, and invest in really good people.”

 

Zooey Deschanel


In addition to launching a hit show on Fox, Deschanel has spent the past 12 months teaming up with two friends to build hellogiggles.com, a site they first envisioned as a female Funny or Die.

Taking a page from Silicon Valley’s low-cost startup wave—“We literally called in favors,” says the 32-year-old queen of hipsters—the site has reached a respectable 1.5 million unique monthly visitors with a microscopic cash outlay. “If we can be the place where 13-year-old bloggers are engaging with thirty somethings, finding out how much all women really have in common,” she says, “then I think we’re on to something.”






 

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