By Dan Ketchum
WWR Article Summary (tl;dr) From a guided meditation app to a coffee shop chain, this article explores some of the hottest investments among the Hollywood elite.
For better or worse, celebrities are trendsetters. From Audrey Hepburn’s little black dress to Kanye’s shutter shades, that special combination of exposure and audacity magnifies their scope of influence.
But if you’re more interested in cash than couture, plenty of celebrities have put their large paychecks toward diverse investment portfolios. For a little investment inspiration from the stars, just follow the money.
Total equity funding: $75 million
Celebrity investors: Jared Leto, Cash Warren, Jessica Alba, Ryan Seacrest
Between Sting’s tantric yoga practice and the selection of $956 toiletry collections from Gwyneth Paltrow’s Goop company, it’s well known that celebs are fans of new-age wellness practices. Maybe that’s why Headspace, a guided meditation app and multi-day digital course in mindfulness, has attracted so many celebrities: Jared Leto, Cash Warren, Jessica Alba and Ryan Seacrest all gave undisclosed amounts during a series A funding round that totaled $34.3 million in 2014. In fairness, their bet could pay off, as numerous studies point to real benefits from meditation, ranging from heightened attention spans to greater self-compassion.
Total equity funding: $16.42 million
Celebrity investors: Aubrey “Drake” Graham, Kevin Spacey, Nasir “Nas” Jones
Rapper Nas was early to the Madefire party, his investment in a spring 2013 venture round totaling $3.5 million inspired A-listers Kevin Spacey and Drake to jump in on Series B funding for Madefire, which amounted to a much heartier $6.5 million in October of 2016. The digital motion books company announced a startup superteam that same month when they paired with Oculus to create virtual reality comic books. As an actor with a nine-figure net worth, Spacey has made several investments in startup companies.