Quantcast

Multiple Streams Of Income Is The Name Of The Game For These Celeb Turned Entrepreneurs

Dear Black women, keep building that empire. We believe in you.

Celebrity News

Snowball Wealth says, "By spreading your risk across different income streams, you also set yourself up to be able to take advantage of great opportunities when they arise." It makes perfect sense because when one fails, you have the others to fall back on. This isn't anything new to us because we love a good side hustle. Like all things, it's about being more intentional. Be it buying power or financial stability, make clear goals and decisions that will only get you closer to economic freedom. One of the best ways to add more streams of income is by diversifying your streams. Kirby Porter calls it the "beauty of re-invention."


Lucky for us, we have some role models that have shown us the power of monetizing our passions, no matter what they are. Ahead, you'll find celebs who are living proof that there are various ways to create your own wealth. Their successful money moves have earned them their rightful place on this list.

Rihanna Net Worth: $1.7B

Kevin Mazur/Getty Images for Fenty Beauty

Our girl Rihanna is now a billionaire and no one is more than deserving of that title. Yes, we all want an album from her, but we also can't help but support every venture she takes on. The way she dominates every arena she steps in is simply inspiring. Forbes estimates Robyn Rihanna Fenty is the wealthiest female musician in the world with the majority of her wealth deriving from her inclusive beauty line, Fenty Beauty.

Some other streams of income:

  • Savage X Fenty, lingerie clothing brand
  • Fenty Skin, skincare line that acts as an extension of Fenty Beauty
  • Fenty Maison, a luxury clothing brand
  • Fenty Parfum, her newly released sold-out fragrance
  • Music
  • The Rihanna Book

Issa Rae Net Worth: $4M

Lee Vuitton/AM PR Group via Getty Images

On- and off-screen, Issa Rae is the poster child for creating your own table. The once YouTube star became a media mogul in a little over a decade by staying true to herself and creating work that moves our culture forward. Rae's cult-favorite HBO show Insecure has garnered her a loyal following. So watching her lay the groundwork for her next level is everything a creative needs.

That groundwork includes:

  • ColorCreative TV, production company
  • The Misadventures of an Awkward Black Girl, New York Times bestseller non-fiction book
  • Hilltop Coffee & Kitchen; Rae partnered with the coffee shop to open multiple locations
  • Raedio, music label with Atlantic Records
  • Executive Producer Deal with Netflix
  • Sienna Naturals, co-owner of haircare brand

Serena Williams Net Worth: $210M

Bryan Bedder/Getty Images for IMG

Did you know that Serena Williams has over 15 corporate partners? Her $94 million in career prize money is twice as much as any other female athlete has made. That's according to Forbes, who also says that the tennis star has invested in over 50 startups over the past seven years.

When she's not reigning supreme on the court, she is:

  • sitting on the boards of Poshmark and SurveyMonkey
  • investing in the non-fungible tokens (NFT) platform, Bitski
  • signing a first-look TV deal with Amazon Studios that includes a docuseries about her life
  • creating products for her clothing line, S by Serena
  • sitting pretty as a 0.5% owner of the Miami Dolphins

Not to mention her endorsement deals from Aston Martin to Beats By Dre.

Oprah Winfrey Net Worth: $2.7B

David Livingston/Getty Images

When your work ethic is so strong that it's been dubbed "The Oprah Effect", you know it's real. Funny enough, Winfrey has been quoted saying, "The reason I've been able to be so financially successful is my focus has never, not for one minute, been money." Who would have known that the woman who used to borrow money from her mom's purse would be the same woman who has nine streams of income?

To name some streams:

  • The Oprah Winfrey Show, spanning over 25 years
  • Harpo Productions (chief executive of the Oprah Winfrey Network, founder of O, The Oprah Magazine, etc)
  • Actress & voice actor
  • Producer of hit series and films, Queen Sugar, Greenleaf, The Immortal Life of Henrietta Lacks and Oprah's Master Class
  • Weight Watchers investor
  • Author of books like The Wisdom of Sundays and What I Know For Sure
  • Freelance journalist

Beyonce Net Worth: $440M

Brad Barket/Getty Images for TIDAL

"I have paid my dues and followed every rule for decades, so now I can break the rules that need to be broken," Beyonce recently shared in Harper's Bazaar's Icon issue. She is the epitome of a self-made woman and a living icon. We love watching her pave the way for new talent in the most authentic way. It's definitely the quality for us because she gives 200% to everything attached to her name. This child of Destiny is a global brand from music sales, publishing, touring, and endorsements.

We can't forget her other accomplishments:

  • Founder of Parkwood Entertainment, management, and entertainment company
  • Owner of IVY PARK, an athleisure clothing line with Adidas
  • Netflix deal worth $60 million
  • Recently sold her stake in TIDAL streaming service

Alicia Keys Net Worth: $150M

Steve Granitz/WireImage

Alicia Keys is a superwoman. She is also a proud businesswoman. In an interview with PINK, she says, "Business is about trial and error. There's no foolproof [business] plan and whatever you end up doing, you need to be passionate about. It's not about getting rich overnight, but about your belief in it and your passion – that's the way amazing things happen." Keys also believes that as an artist and a person that has been in business for a lot of years, going outside of her main business of music, helps her discover her creative potential as an entrepreneur.

Some ways she's exploring that potential include:

  • AK Worldwide, an investment firm
  • Partnership with Bento Interactive, "The Journals of Mama Lee and Lee Lee", an interactive storytelling app for kids that features her original, exclusive tracks
  • Co-creator of Keys Soulcare, a beauty and wellness brand

Queen Latifah Net Worth: $70M

Aaron J. Thornton/Getty Images

It's no secret that Queen Latifah is a Jackie of All Trades. Since she entered the game, she has made sound money moves. Back in the day, she started investing and never stopped. The multi-hyphenate's first investment was in a delicatessen and a video store located on the first floor of the building where she lived. We have enjoyed watching the queen transition from hip-hop to television to the big screen.

Queen Latifah's Resume:

  • Co-owner of Flavor Unit Entertainment, a firm that includes television and film production units, a record label, and an artist management company
  • Partnership with CoverGirl, The Queen Collection
  • Partial owner in New York Spring Water, the manufacturer of VBlast vitamin-fortified water
  • Author, Put on Your Crown: Life-Changing Moments on the Path to Queendom
  • Queen By Queen Latifah Eau-de-parfume
Ready to level up your streams of income? Head over to our Career section for some tips and tricks!

Featured image by Lee Vuitton/AM PR Group via Getty Images

I’m sure a high percentage of people who chose to click this article either are fixers, former fixers, or maybe they want to understand why fixers feel the need to make it their responsibility to change everyone. Well, for one, barely anyone who fits the bill knows why they do what they do until it exhausts them—like myself. I have been a fixer for as long as I can remember. I’ve always loved fighting for the underdog. Something about being needed for the betterment of people’s lives has always felt very fulfilling to me. That is until I’d invested so much in many close relationships that it backfired on me. And like many fixers, I would question how I could have offered so much, yet people treated me anyhow in the end?

Keep reading... Show less
The daily empowerment fix you need.
Make things inbox official.

When I first heard about Harlem, the new Amazon series about four Black girlfriends in the city, I admit, I wasn't a fan. There, I said it. I'm a child of the golden era of Girlfriends, Living Single, Friends, Moesha, Sex and the City, and The L Word. My friends and I were real-life offspring of these constructs who had a lot in common with the women of those shows. Even after enjoying a season of the similar new Showtime series Run the World, I'd had enough of stories about friends "navigating their way through" their 20s, or 30s, or 40s. I loved these shows, but thought to myself, "Why do we need a Harlem? Can't we tell other stories?"

Keep reading... Show less

Nick Cannon is letting viewers in on a little secret about himself that is common with many people, yet surprising coming from the actor. On his self-titled talk show, the TV host along with a group of other men got vulnerable about their insecurities in the bedroom. Nick kicked it off by revealing his insecurity first.

Keep reading... Show less

As someone who has always considered themselves beautiful at any size, I can't say that I have always loved my body. Sure, there have been moments where I thought I was the sexiest thing walking. But for the most part, all I saw when I looked in the mirror were flaws. My thighs were always too big. Butt full of dimples from cellulite. Boobs always in the way. And my arms too jiggly.

Keep reading... Show less

The NAACP Image Awards have released their nominations for 2022 and some of our favorites have been nominated. From television series like Insecure to films like The Harder They Fall and music artists like Saweetie and Jazmine Sullivan, the annual show, which is known for Black excellence is sure to blow us away this year with the amount of talent nominated in the various categories.

Keep reading... Show less
Exclusive Interviews

Boris Kodjoe And Nicole Ari Parker Know “When To Bring Work Home” For Their New Film 'Safe Room'

The husband-and-wife dream team have found their sweet spot.

Latest Posts