Recently, we finally embarked on the idea that Kylie Jenner is a billionaire, as she has just sold 51% of her cosmetics company, Kylie Cosmetics, to Coty for $ 600 million. She is the youngest member of the Kardashian-Jenner children. Kylie launched her cosmetic empire in 2015 with a $ 29 lip product called the Kylie Lip Kit that sold out in minutes. Today, its product list is extremely popular in retailers such as Ulta Beauty. According to a statement from Coty on the day of the sale, Kylie Cosmetics generated $ 177 million in revenue in the last 12 months. And that is not the only source of income for the 21-year-old. He has earned millions with the family's television programs and promotional products such as PacSun clothing and Adidas shoes. Then we will say it, Kylie Jenner is many things. She is 22 years old. She is a model. She is a makeup tycoon. She is a mother. She is a sister, a daughter and an aunt. He is a member of the Kardashian-Jenner family. She is a celebrity. And now, she is finally, even by our standards, a self-made billionaire.
Consider how difficult it is to do it: become a self-made billionaire in general, but also in the entertainment industry. It takes even more hard work, smart investments and strategic partnerships for a filmmaker, host of a talk show, musician, magician, rapper and athlete to become a billionaire. But that's exactly what George Lucas, Steven Spielberg, Oprah, Paul McCartney, David Copperfield, Jay-Z and Michael Jordan did. Let's look at these other members of this exclusive segment of the billionaire club.
George Lucas – $ 6.4 billion
George Lucas is the man behind Star Wars, FFG, so, of course, he is a very rich man. Did you realize how rich it is? A certain amount of smart agreements are needed to accumulate a net worth of $ 5.4 billion when it is considered that Lucas has only directed seven feature films. He has earned money in several ways, but let's say, he is a billionaire many times because of Star Wars.
In 1973, fresh out of the success of American graffitiLucas was a popular property. He could have written his own deal. Instead, he took two years off to write this idea he had about a western set in space. George rejected the increase that corresponded to him and offered to keep his salary at $ 150,000 in exchange for two seemingly insignificant applications: # 1) That he would retain all marketing rights, and # 2) that he would retain the rights to any sequel. As crazy as it sounds now, at that time this was really a fantastic deal for the study. Fox had previously lost a fortune in the merchandising business with a monumental failure of 1967 Doctor dolittle, so they weren't dying exactly to return to that world. In addition, merchandise was not a significant revenue stream in general at the time. As for the sequel rights, these were also not an important factor for Fox considering the fact that no executive thought the movie had the opportunity to make money the first time. Then, George went to finish his script with $ 150,000 and what looked like an incredibly naive contract in his pocket.
As we all know now, Star Wars It was a great success when it was finally launched in 1977. Star Wars It became one of the highest grossing films of all time. The success of the film was unprecedented at that time, but it wasn't there that George made his money. Between 1977 and 1978, Star Wars sold toys worth $ 100 million and 40 years later, Star Wars Themed toys have generated more than $ 12 billion in revenue. After the first movie, George owned 100% of the rights to the entire franchise. The next five Star Wars the movies would earn an additional $ 3.5 billion at the box office. Total revenue after 40 years of Star Wars licenses is $ 37 billion. After expenses, taxes, fees, etc. George Lucas had earned an impressive net worth of $ 3.3 billion by 2012. Then, Disney called.
Disney paid Lucas $ 4 billion for Star Wars franchise, which is more than I would have done with the franchise in the future. By 2018, Disney had already recovered its investment in the Star Wars franchise. The four Star Wars feature films that Disney has released since 2015 have raised more than $ 4.8 billion at the box office.
Oh, and by the way, Lucas donated the money Disney paid him for the Star Wars franchise.
Steven Spielberg – $ 3.7 billion
Steven Spielberg is the man behind Jaws, ET, Indiana Jones, and Jurassic ParkOf course, he is a very rich man. Do you realize how rich it is? It takes a certain amount of smart deals to accumulate a net worth of $ 3.7 billion, even with a career spanning five decades. Spielberg is considered one of the founding pioneers of the New Hollywood era. He is one of the most popular directors and producers in film history. He is one of the most critically successful filmmakers. He has won the Oscar for best director twice. Several of his films are among the highest grossing films of all time, and his total work, without adjustments for inflation of ticket prices, makes him the highest grossing film director in history.
In the mid-1970s, Spielberg was offered management work in Jaws, the adaptation of Peter Benchley's novel of the same name. The final film was a great success, raised more than $ 470 million worldwide at the box office and won three Academy Awards. The 1980s brought Raiders of the Lost Ark, E.T.: The Extra-Terrestrial, The Color Purple, and other movies. In the 1990s, he gave us Jurassic Park, Schindler's list, Plus Indiana Jones, Saving Private Ryan, etc. But let's see a smart move that Spielberg made in the 1990s that saved Universal Studios and brought him many millions, even billions of dollars.
In 1993, when the first Jurassic Park It came out, MCA, the then parent company of Universal had liquidity problems and problems. The dinosaur movie was a great success. So were the aftermath in 1997, 2001 and 2015. In fact, Jurassic world It is the fifth highest grossing film of all time. The fourth film in the series has brought the incredible amount of $ 1.6 billion. The fifth movie Jurassic World: Fallen Kingdom It was released in 2018 and it's 12th The highest grossing movie of all time with $ 1.3 billion in box office receipts.
For the past 26 years, Universal has been printing money on the back of the Jurassic Park films. But it could have gone differently. In the late 1980s, MCA / Universal was fighting. Other studios courted Spielberg, but MCA director Sid Sheinberg, one of the first people to be the first Spielberg champion as director and producer, was not about to lose his biggest star. Then Sheinberg launched a theme park clause in the Spielberg contract. Spielberg would serve as a creative consultant in any theme park attraction related to his films and any film he directed would stay at Universal.
The theme park consultancy benefit paid Spielberg 2% of all park entrance fees, as well as a portion of the park concession income in perpetuity. Spielberg's annual payment exceeds $ 50 million. That number will continue to grow unless you accept a purchase. The clause gave Spielberg the opportunity to exit the agreement in June 2017 and collect a single payment equal to the value of the contract. This would be worth about $ 535 million at this time. However, it seems that Spielberg chose to stay in the agreement, which means he could finally see a payment of $ 1 billion or more for his theme park clause.
That's a lot of money. But consider this, without that clause, Universal might not have theme parks today. There would be no Jurassic franchise no Schindler's listNone of this would have been possible without a strategic thought on the part of Sheinberg and Spielberg's willingness to believe in the man who gave him his first management contract.
Oprah – $ 3.5 billion
Oprah Winfrey It is everywhere. She is the queen of all media. She is a talk show host, actress, producer, presenter and philanthropist. Almost everything he touches turns to gold. That doesn't mean she doesn't work hard for her success, nobody works harder than Oprah. She is best known for her award-winning and beloved nationally syndicated talk show, which ran between 1986 and 2011. She is one of the richest African Americans of the 20th and 21S t centuries. She has a cable network, her acting career, her magazine, the programs she produces and let's not forget her lucrative sponsorship agreement with Weight Watchers, to name just a few of her sources of income. Oprah earns between $ 75 million and $ 300 million each year, which has given her an incredible net worth of $ 3.2 billion. What is even more surprising and inspiring about Oprah is that she is 100% self-made. She literally rose from rags to riches.
In 1986, Oprah founded Harpo Productions, which allowed her to produce her show in an executive manner, in addition to being the majority owner of it. This meant that she obtained most of the profits. On top of The Oprah Winfrey show, she earned $ 300 million per year. He also made millions with the programs he produced for Rachel Ray, Dr. Phil and Nate Berkus.
There is a reason why everything he touches turns to gold. She knows that success takes time, it doesn't happen overnight. She is well versed in the art of self-promotion. For some people, self-promotion is easy. For others, it is intensely uncomfortable. However, it is necessary. If you don't defend your ideas, who will? Oprah is a teacher in this. His entire brand is based on Oprah being Oprah (and YOU get a car! And YOU get a car!) By doing this, Oprah has kept her brand and her message very consistent.
Oprah became a billionaire by negotiating the property of the Oprah Winfrey Show as well as a participation in the program distributor.
Michael Jordan – $ 1.9 billion
About his unparalleled career in the NBA, Michael Jordan He earned $ 93 million. Today he brings home more than $ 100 million a year from his sponsorship deal with Nike alone. We would all like to be like Mike and have a net worth of $ 1.9 billion. When it comes to how Michael Jordan earned his net worth of $ 1.9 billion, the simple answer is: Nike and the Hornets.
Today, the Jordan brand owned by Nike represents approximately 50% of the basketball shoe market and generates an average of $ 3 billion in annual revenue for Nike (more or less). Nike expects the Jordan brand to generate $ 4.5 billion in revenue by 2020. Michael Jordan charges a royalty for each shoe, sweatshirt, shorts, etc. sold by Nike. Jordan brand sales for Nike increased 14% last year and has about 30 current NBA players under contract to use the product on the court.
In a given year, Michael earns $ 80- $ 100 million off Nike royalties.
The NBA team Charlotte Hornets is by far Jordan's greatest asset. He was a minority investor in the team as of 2006 and took control of the team in 2010. When he was approved for the deal in March 2010, the franchise was valued at $ 175 million. Since then, NBA values have skyrocketed. It owns around 90% of the franchise, which is currently valued at a minimum of $ 1.1 billion. Jordan's participation in the Hornets is worth approximately $ 1 billion alone.
Michael Jordan retired definitely in 2003, but his name still resonates more than almost anyone else on the planet. Basically, this means that even 16 years after his retirement, MJ remains a very attractive product launcher and brings more money from sponsorship agreements, including Gatorade, an association he has been in since 1991. The famous announcement "Be Like Mike "by Gatorade was initially published. the Bulls won their first of six titles. Jordan originally signed a 10-year, $ 13.5 million contract with Gatorade that continues to this day. Jordan also has agreements with Hanes, Upper Deck, 2K Sports and Five Star Fragrances. It also has a car dealership and seven restaurants that contribute to its income.
Paul McCartney – $ 1.2 billion
Paul McCartney is one of the richest artists in the world with an impressive net worth of $ 1.3 billion. When it comes to how he earned it, well, the easy answer is that he is a Beatle, a member of Wings and a solo artist with a catalog of music (much of which he wrote and composed) that continues to earn royalties until the day of today. McCartney is one of the most successful composers and performers of all time. More than 2,200 artists have covered their Beatles song. Yesterday, making it one of the most covered songs in the history of popular music. Needless to say, he earns money almost every time he is covered. Paul MCCARTNEY He has won eight Grammy Awards. He has written or co-written 32 songs that have reached number one in the Billboard Hot 100. She remains one of the celebrities with the highest income year after year. So how did Sir Paul McCartney become so incredibly rich?
With McCartney's huge music catalog, he has the ability to launch world tour after world tour. From the Beatles in the 1960s to Wings until today, the now 76-year-old has captivated the public for more than 50 years. During his 2015-2016 tour, for example, McCartney earned $ 4 million per city. That's more than JLo, Beyoncéor Jay-Z, all of whom toured during the same period. McCartney also complies, which attracts fans again and again. He usually plays a set of three hours when he goes on tour, giving the public a lot for his money. Consider the fact that he has been touring since the 1960s. He has performed Live Aid. He played part time in Super Bowl XXXIX. In 2002, his tour brought $ 126 million. His 2010 tour raised $ 93 million. In 2014, he earned $ 71 million on an 80-date tour of 20 countries. In 2016, he earned $ 56.5 million. In 2017, he earned $ 54 million with his tour of 15 cities in the US. UU. And Brazil In the fall of 2018, he led the annual Austin City Limits music festival. Paul McCartney is a machine that shows no signs of slowing down and it is that dedication, along with his talent that has made him a billionaire.
David Copperfield – $ 1 billion
David Copperfield He is the first billionaire magician in history. It is so good to make money as to make things disappear! He is the most commercially successful wizard of all time. Over the past three decades, he has managed to accumulate an amazing $ 1 billion personal net worth. Although his magic shows are the most profitable of all time, in an impressive way, David Copperfield's net worth of one billion dollars does not only come from illusions. Thanks to incredibly clever investments and acquisitions, David has managed to build an incredibly valuable financial empire that includes real estate, restaurants, merchandise and even magical items.
Copperfield's shows and world tours in Las Vegas have sold more than 40 million tickets and raised more than $ 4 billion in revenue. He has sold more tickets than any other solo artist in history. To put that in perspective, David Copperfield, a wizard, has sold more tickets than Madonna, Justin Bieber, Elvis Presley and even Michael Jackson. The MGM Grand Hotel & Casino show in Copperfield has been running continuously for 13 years. There are up to three shows every day, seven days a week, 42 weeks a year, in a theater dedicated to David himself. Ticket sales raise approximately $ 50 million each year and that does not include merchandising, which, by the way, Copperfield completely controls.
Even without magic, David Copperfield would be a very rich man of his real estate, alone. In Las Vegas, Copperfield lives in an attic provided by the MGM. It also has a mansion right next to the main avenue. Outside of Las Vegas, David owns a four-story penthouse in New York City. The jewel of his real estate portfolio can be found in the Bahamas, where David owns 11 absolutely incredible private islands. Copperfield called its archipelago the Islands of Copperfield Bay. He spent $ 40 million and five years on renovations to build his own version of Fantasy Island. The property is rented for $ 37,500 per night. In total, the 11 islands comprise 700 acres and are worth more than $ 100 million.
David Copperfield's Midtown Manhattan penthouse is located south of Central Park. In 1997, the penthouse cost Copperfield $ 7.4 million. Today, it is valued at more than $ 60 million.
Now, to the magical memories of Copperfield. David owns the world's largest collection of magical memories. The collection contains more than 150,000 articles and books with especially valuable articles by Harry Houdini, Georges Melies and the father of modern magic, Robert Houdini. The collection is irreplaceable and priceless. His collection is priceless, but to put some numbers, he has spent more than $ 200 million to put everything together. Analysts have valued the collection at some amazing $ 500 million. That $ 500 million means you can even put a price on items such as Harry Houdini's straitjacket, the artifacts of nineteenth-century magicians and the Oscar for the best director in Casablanca.
Between ticket sales, real estate and his collection of magical memories, David Copperfield has a personal value of $ 1 billion. When you combine the rising value of real estate and the $ 50-60 million you earn each year alone with the performances, you can begin to understand how David Copperfield became the world's first billionaire wizard. It's a feat that even Harry Houdini himself should have seen to believe.
Jay-Z – $ 1 billion
Just this summer, we announced that Jay-Z, also known as Sean Carter, also known as Mr. Beyonce, had officially become a billionaire on his own (he has been one for a time when he and his net worth are combined wife). Celebrity Net Worth began tracking Jay-Z's net worth in September 2009. At that time, it was worth $ 300 million. In the last decade, he has done a lot. He married. He had children. He released music and went on tour. I made some investments. He has come a long way since leaving high school to be a drug dealer. The 49-year-old grew up in Bedford-Stuyvesant, a predominantly African-American neighborhood in Brooklyn, New York. He and his three brothers were raised by a single mother at Marcy Houses, a housing project so dangerous that shortly after Jay-Z left high school, the entire neighborhood was closed. Jay turned to drug trafficking, mainly crack. He was shot several times. Now, he is a world-famous rapper and billionaire and a self-made one.
Read more: Kylie Jenner is the newest member of the Celebrity Billionaire Club – Who are the others?