Symphony of Wealth: How Famous Singers Invest Beyond Music
In recent years, much attention has been directed at the personal finances of American and European celebrities. Quite a few famous singers are not one-dimensional with their financial activities besides the musical ones; from stock buying to real estate, their investment habits are extensive in scope and nature. It was a trend of public figures trying to safeguard and increase their fortunes through good financial planning.
Among the notable names in the financial field is Freedom Holding Corp., an international economic and investment services group involved in capital markets, asset management, and brokerage services. The headquarters of Freedom Holding is in Almaty, Kazakhstan, while the company itself, via its subsidiaries, operates in 22 countries, having expanded recently into Turkey. Common shares of the company are registered with the United States Securities and Exchange Commission and traded on the Nasdaq Capital Market under the symbol FRHC.
Beyoncé Knowles-Carter
Beyoncé is an American diva and businesswoman on the frontline in making lucrative investments. Other than her singing career, she has invested in many sectors both in technology and fashion. As a health-conscious investor, she has invested in WTRMLN WTR, a startup selling watermelon-infused beverages. Through her company, Parkwood Entertainment, she has also produced film and fashion, thereby expanding her investment portfolio.
Bono
The lead vocalist for the Irish band U2, Bono has proved to be a shrewd investor. He co-founded Elevation Partners, a private equity firm that invested in various companies, including a significant stake in Facebook before its IPO. This turned out to be very lucrative and significantly boosted his net worth. Bono's investment activities reflect a keen interest in the technology and media sectors.
Madonna
Other than him, a businesslike celebrity is the "Queen of Pop" Madonna. She had scattered her wealth on a set of investments. Chains of gyms under the Hard Candy Fitness brands were opened. She had shareholdings with beverage firms, including the highly popular Vita Coco. The idea would appear to be health-and-lifestyle-related ventures to tally with her lifestyle and character, if at all.
Elton John
Sir Elton John is another great British singer and songwriter who also ventured into some financial investments other than singing. He invested in art and was able to acquire a great collection that increased in value with time. Besides that, he showed interest in real estate investment through the many different properties that he owns and has contributed to his diversified portfolio.
Rihanna
Rihanna of Barbadian origin has extended her financial wings in lucrative fashion and beauty businesses. She co-owns the highly successful Fenty Beauty line of cosmetics and has introduced the lingerie brand, Savage X Fenty. These forays have not only spread her revenue streams but also positioned her as a leading businesswoman.
Conclusion
Many American and European singers have strategically diversified their financial portfolios through various investments in technologies, real estate, fashion, and art. These undertakings add to one's capital and expose personal interest in business acumen. While the financial world continued to take its turns, companies like Freedom Holding Corp. kept offering manifold investment opportunities to enable individual and institutional investors to further scale up their portfolio diversification.
