Justin Bieber brings his fortune to $300 million
After ShakiraNeil Young, Hootie & The Blowfish and Justin TimberlakeHipgnosis came for the other Justin, a Mr. Bieber. The Canadian singer is the last to sell his old catalog to the Blackstone-backed song management company for $200 million.
The deal brings Bieber’s net worth to $300 million, according to wealth tracking website Celebrity Net Worth.
Hipgnosis bought Bieber’s interest in his publish the copyrights of all his music published before December 31, 2021.
The deal includes his six studio albums and covers 290 songs. This is the biggest contract for an artist of his generation.
The catalog has nearly 82 million monthly listeners and more than 30 billion streams on Spotify alone, according to Hipgnosis.
The Baby singer, 28 years old, has sold 28 million equivalent album units in the United States, according to music magazine Billboard. The songs for which he is the lead artist have been streamed on demand approximately 16.6 billion times.
Estimates of his international sales vary, with figures placing his total record sales between 70 and 150 million.
He has had eight number one albums on the Billboard 200 chart. He is the youngest musician to achieve this feat.
In September, Usher, R&B superstar sold its stake in Bieber’s label RBMG to HarbourView Equity Partners for an estimated price of just under $40 million, according to Billboard.
Bieber signed his first recording contract at age 14, and Usher was an early mentor.
The singer earns between $50 million and $70 million every year from music sales, merchandise, touring, product endorsements and other business ventures, according to Celebrity Net Worth estimates.
Music tours are believed to account for the bulk of Bieber’s income. His first My World tour (2010-2011) grossed $53.3 million, while Believe, in 2012-2013, grossed $69.9 million, according to Forbes. His most recent roadshow, the Purpose World Tour (2016-2017) grossed over $250 million, according to Billboard.
Additional revenue came from two films. 2011 Never say never was the highest-grossing concert film in the United States, grossing $73 million, according to Billboard. Two years later, the documentary Believe raised $10.9 million, box office mojo reports.
Over the years, Bieber has endorsed a range of brands, including Calvin Klein, T-Mobile, Walmart, adidas and Beats by Dr Dre.
Bieber has also released seven fragrances with Revlon or its subsidiaries, including One day, Girlfriend, next girlfriend and The keyaccording to the Fragrantica Perfume Database.
The My world hitmaker has made a significant number of real estate investments. He bought and sold homes in Calabasas and Beverly Hills, California, and Ontario, Canada. With his wife, model Hailey Bieber, he now lives in a $25.8 million mansion in Los Angeles.
Bieber has also frequently dipped his toes in equity. He has been involved in at least eight investments, according to business analytics platform CB Insights.
The most recent was cryptocurrency payment processor MoonPay in 2022. Notable releases include the Liquid IV electrolyte drink mix, which was acquired by Unilever in 2020.
Actor and investor Ashton Kutcher joined a funding round for Norwegian climate technology company Choose.
Its investment vehicle Sound Ventures co-led the $15 million round through its subsidiary Sound Waves, alongside GenZero, a decarbonization-focused investment firm owned by Singapore-headquartered Temasek.
Chooose, a software-as-a-service company, offers climate solutions such as carbon removal, offsets and sustainable aviation fuel. Its customers include Air Canada, Booking.com, British Airways, Trip.com, Iberia, Southwest Airlines and Japan Airlines.
Kutcher, 44, has a net worth of $200 million, according to Celebrity Net Worth. His initial success came from a career that includes blockbuster films such as Boy where is my car and televisions That 70s show and two and a half men. He reportedly earned $700,000 per episode for the latter.
In 2010, Kutcher teamed up with talent manager Guy Oseary and investor Ron Burkle to found A-Grade Investments. The company turned $30 million in investment funds into $250 million in six years, according to investment data website Benzinga.
In 2022, it had $150 million in assets under management, according to disclosures.
In 2015, Kutcher and Mr. Oseary founded Sound Ventures. The company focuses on early-stage technology and financial companies. Among his most recent investments was the social media platform Pearpop, in 2022.
He had invested in 63 companies and had 21 exits, according to Crunchbase data.
Kutcher himself did 69 investments, says the website. Its holdings include Uber, Airbnb and Citymaps.
Among the five forays it has made in 2022 alone are green hydrogen company QD-SOL, Amsterdam-based digital fashion brand The Manufacturer and machine learning startup Nanonets.
“I really think technology has the greatest potential to accelerate the happiness of most things in the world. The businesses that will ultimately succeed are those that pursue happiness,” he said.
Along with his wife Mila Kunis, Kutcher has owned about seven homes. The couple made profits on many homes in California. Their primary residence is a six-acre sustainable farm near Beverly Hills.
Argentinian soccer legend Lionel Messi is in the news again with the US stock market debut earlier this month of MGO Global, which operates its clothing brand The Messi Store.
The company began trading after a $7.5 million IPO, selling just 1.5 million shares to the public. The stock jumped more than 200% to $4.90 per share, but fell back below its initial price on the same day. It closed trading at $2.70 on January 26.
The company was co-founded by Ginny Hilfiger, the younger sister of fashion designer Tommy Hilfiger.
Messi does not hold a public stake in MGO, according to the IPO filing, as reported by Bloomberg. Instead, he receives royalty payments that represent 12% of net sales.
The against Argentina’s recent FIFA World Cup triumph in Qatar has an estimated net worth of $600 million, according to Forbes. He earned $1.15 billion during his career.
The Paris Saint-Germain striker earned $130 million in 2022, which makes him highest paid athlete in the world last year, according to the magazine.
Apart from the deal with MGO, he also has a lifetime contract with adidas and a retail collection with Hard Rock International.
Last March, he signed a endorsement agreement with fan engagement app Socios with an annual value of 20 million dollars.
In October, he launched Play Time, a company that aims to invest in promising football teams and tech start-ups.
Retired American Basketball Hall of Famer Shaquille O’Neal is among a group of sports investors to participate in a new $100 million fund launched by venture capital firm Courtside ventures.
With this round, the company now has $200 million in assets under management.
Courtside Ventures has invested in over 80 companies in eight countries, including the digital sports publication Athleticismvideo game streaming service Beam, online retailer StockX, fitness platform Freeletics and non-fungible token company FanCraze.
O’Neal, 50, has an estimated net worth of $400 million, according to Celebrity Net Worth. He earns around $60 million a year from endorsements and business efforts, the site says.
A significant portion of its assets consists of stocks and real estate. He was an early investor in Google and owns a stake in Apple, as well as several gyms and restaurants.
The franchises he operates include Auntie Anne’s and Five Guys restaurants, according to CNBC.
Among the brands he has endorsed are Pepsi, Reebok and Carnival Cruise Lines.
O’Neal has also explored careers in rap and film and is a DJ and music producer.
Updated: January 30, 2023, 06:13
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