Celebrities can earn a lot of money by endorsing brands or serving as brand ambassadors. Aside from endorsing goods, celebrities are also starting their own businesses, and black celebrities in the United States and around the world are no exception. They have built some of the world’s most successful enterprises, bringing in millions of dollars and employing hundreds, and they require our help to continue to prosper.
The following are several businesses run by black celebrities who require our assistance.
1. Rihanna’s brands
Robyn Rihanna Fenty, 35, is regarded as one of the world’s best musicians. The Barbados singer was just named the world’s richest female artist by Forbes, with a net worth of $600 million.
Rihanna founded the beauty company Fenty Beauty. It debuted in 2017 in collaboration with LVMH, the French luxury goods conglomerate led by billionaire Bernard Arnault. She is also the creative force behind the LVMH apparel line Fenty, as well as the creator of the Savage X Fenty lingerie collection.
2. KINLÒ by Osaka
Naomi Osaka, the highest-paid female athlete in the world, has retained her title for the third year in a row. She became the world’s highest-paid female athlete for the first time in 2020, earning a whopping $37.4 million.
Osaka is an investor in the KINL skincare line, which is designed specifically for people of color. Dr. Naana Boakye, a Ghanaian-born dermatologist, collaborated with her to develop the product.
3. Snoop Dogg Empire
Snoop Dogg is a rapper, songwriter, actor, and entrepreneur from the United States. His adaptability has won him many fans not only in the United States, but all throughout the world. Dr. Dre, a rich artist, rapper, and music producer, discovered him and launched his music career. In recent years, he has combined music with entrepreneurship. He has created a commercial empire with several companies.
Snoop Doggie Doggs, the rapper’s first business venture, was a pet apparel brand. Snoop Dogg co-founded Casa Verde Capital, which was one of the first venture firms to specialize on the cannabis sector.
The rapper is also a wine investor; he recently released his first brand, Snoop Cali Red, and is now out with a new Rosé.
4. Beyoncé’s fragrances
Beyonce is widely regarded as one of the world’s most influential female musicians. Her influence extends beyond music and into business. Forbes recently ranked her as the world’s 76th most powerful woman and the 7th most powerful Black woman.
She is a lone investor in several firms that merit support, in addition to co-investing in a number of businesses with her superstar husband Jay-Z. She is the creator of Parkwood Entertainment and fragrances such as Beyonce Heat.
5. TPH by Taraji P. Henson
Taraji P. Henson is a skilled Black actress who has been a mainstay on television for almost two decades. Aside from acting, she is also a business owner. She is the creator of the beauty line TPH by Taraji. She reportedly began with scalp-nourishing hair care products before expanding into a sophisticated body care line.
The company was founded as a result of the American haircare industry’s failure to pay attention to Black individuals who wear their hair in natural styles. Although the situation has improved in the last decade as a result of the proliferation of Black-owned haircare products, she entered the sector to provide something different.
6. Monogram by Jay-Z
Jay-Z, the 22-time Grammy winner and business magnate, just established his own cannabis brand, Monogram, in conjunction with Caliva, California’s largest vertically-integrated cannabis company.
7. Ten To One Rum by Ciara
Ciara Princess Wilson, also known as Ciara, is an American singer and entrepreneur. She has several enterprises and has just entered the spirit market with the launch of Ten To One Rum. She praises the founder, Marc Farrell, for his outstanding concept and the product. Ciara says her objective is to enhance how people think about rum while thinking on how to compete with the world’s tequilas and gins.
Ciara moved into a sector where Blacks have been underrepresented with Ten To One Rum. According to Forbes in 2022, blacks account for 12% of drinkers, 7.8% of the workforce, and 2% of executives, yet they account for none of the acquisitions in the industry.
8. Happy Viking by Venus Williams
Venus Williams founded Happy Viking, a plant-based superfood nutrition firm, after being diagnosed with Sjogren’s Syndrome, which causes inflammation, dry eyes, and great exhaustion.
According to Nutraingredeint, she worked with a team of nutritionists in her kitchen to create superfood plant-based protein shakes to strengthen her immune health and get back on the court.
“Because of my autoimmune disease, I’ve had the experience of not being healthy, of suffering from pain that impacted my ability to function each day,” said Williams. “It’s not a great place to be. Since adopting a plant-based diet and exploring superfood nutrition, I’ve seen the benefits for my body, my mind, and my performance firsthand.”
9. Serena Ventures by Serena Williams
Serena Ventures is a startup capital fund formed and supported by Serena Williams in 2017. She has invested in various firms through Serena Ventures that needed funding to expand or stay afloat.
10. Kanye West’s Skims
West is likely to profit handsomely from Kim Kardashian’s Skims, which has been valued at $4 billion due to his 5% share in the lucrative shapewear firm.Forbes reported on West’s investment in Skims in 2022.
Kardashian co-founded the clothing company four years ago, and it has since become a unicorn four times over. According to the fresh York Times, the company’s latest valuation came after it secured $270 million in a fresh investment round, up from the $3.2 billion valuation investors gave it last year.
West, who was once a billionaire, now has a stated net worth of $400 million. His present net worth is also accounted for by his stake in Skims. The singer, entrepreneur, and one of the few richest self-made Blacks in American history rocketed to prominence in 2004 with the release of his album The College Dropout. He has since become a celebrated music icon.