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Celebs Biz Aside

When we think of all the celebrities and the luxury surrounding them, we sometimes wonder how a single career can supply it all. The answer is, it doesn't. Most celebrities have diversified their portfolios and have created many streams of income.

The most popular means of increasing their income are from endorsements, businesses, social media, apps, restaurants, royalties, real estate, mining, and online casino.

Kate Richards specializes in event marketing, public relations, and the gambling industry. She works with people in the industry and also the end-users. She has a unique insight and caters to gambling enthusiasts worldwide. She's here to present some of the ways celebrities increase their income to live a luxury lifestyle.


Endorsements
Curtis Jackson, a.k.a. 50 Cent, is a famous rapper and actor, but in 2004 he signed an endorsement deal with Vitaminwater. It included a minority stake in the business. When Coca-Cola bought the company, he received around $100 million for his shares. 50 Cent is also known for his sports betting. In 2015 he bet $2 million on the Manny Pacquiao versus Floyd Mayweather, Jr. fight. Mayweather won, and so did 50 Cent. Another win was when he bet $500 000 on the match between the San Francisco 49ers and the New York Giants.

Gambling
Celebrities may earn large sums from their careers and their other activities. For many, playing at the casino is amongst their top leisure activities that bring pleasure and a fairly high income.

You may bump into some of these celebrities in the casino or play against them online - Ray Romano, Bruce Willis, Ben Affleck, Matt Damon, Derren Brown, Pamela Anderson, Deadmau5, Victoria Coren-Mitchel, and Jennifer Tilley.

Ben Affleck visits casinos worldwide, occasionally accompanied by his buddy Matt Damon, who also likes to play Texas Hold 'em. Ben won the California State Poker Championship in 2014. Banned from playing blackjack in several Las Vegas casinos because he's such a strong player, he moved to blackjack and poker online.

Victoria Coren-Mitchell isn't only renowned for her writing and presentation work in British panel shows, but she's also a successful gambler. She was the first woman to win a European Poker Tour title in 2006. She also won the 2014 European Poker Tour Sanremo.

Jennifer Tilley is also considered a professional poker player and has earned winnings in the seven figures. Jennifer loves online slots, preferring the three-reel versions.

Restaurants
Justin Timberlake owns the popular NYC restaurant Southern Hospitality, and Eva Longoria has Beso in Hollywood.
Beauty and Perfumes
Many celebrities have come out with their beauty and perfume ranges. Jennifer Lopez, Mariah Carey, Britney Spears, and Taylor Swift being some of the more notable. Taylor Swift also joined Diet Coke's marketing campaign in 2013 and created one of the cutest ads.

Businesses
Jessica Alba started her successful company, The Honest Company, selling toxin-free household products. Not to be outdone, Venus Williams launched her interior design business, V Starr, which has designed the interiors of many notable sports stars and show hosts.

Royalties
There's nothing new about seeing celebrities online, and we expect them to earn royalties from their performances and albums. But Aerosmith makes more from the video game Guitar Hero than all their other income.

Real Estate
Tobey Maguire and his wife Jennifer Meyer have successfully performed property transactions, as have Courtney Cox and Jodie Foster. Many may not know that Tobey Maquire is also a professional poker player. He's won the World Series of Poker title six times. He loves playing Texas Hold 'em at an online casino, and it's estimated that he has won $10 million playing the game.

Apps and Social Media
One may wonder if Hollywood has moved to Silicon Valley with all the celebrities investing in tech companies. Names such as Edward Norton, Selena Gomez, Jay Z, Will Smith, Justin Bieber, and Ashton Kutcher are amongst them.

Ashton Kutcher has invested in several companies, but currently, his focus is on A+, the viral news website. Snoop Dogg and Jared Leto invested in Reddit, while Kevin Smith has a successful podcasting station.

We can't leave out Justin Bieber, who's invested $1.1 million in Shots, a social media photo-sharing website. Apart from his investments, he's known for his endorsement of the Calvin Klein range of clothing.

Closing Off
We see many celebrities living it up, spending excessive amounts on houses and jewelry. Others quietly donate vast sums of their wealth to charitable organizations, while some use their expertise and influence to build meaningful businesses and brands.

While some of their operations are out of our reach, you may want to have fun with some of the online casino games and maybe hit a jackpot or two like your favorite star.

Authors bio: Kate Richards is a highly devoted professional in marketing, specializing in event marketing, public relations, and the gambling industry. Kate is passionate about her work because she loves what she is doing. Kate has a steady source of motivation that drives her to do her best.