By now we all know that real estate is a key technique to construct great wealth.
What may surprising is how heavily celebrities are leaning into the industry to amass even more cash on top of what they’ve earned in entertaining the masses.
Increasingly more, we’re see more public figures leaning towards house flipping reasonably than ownership, since it’s not only profitable, it’s enjoyable. Celebs like Queen Latifah and Shaq have spoken publicly about how much joy they’ve gotten in developing a property and watching it grow of their portfolio. And this isn’t reserved only for the super wealthy.
The typical real estate investor salary hovers between $70,000 and $124,000, based on Motley Idiot.
So, when you’re fascinated about diving into real estate investment, listed below are a number of celebs which have made some smart deals that you could draw inspiration from.
01
Lisa Leslie
of her own athlete-focused brokerage called Aston Rose. Aston Rose, which made its debut within the California and Florida markets in March 2022, was co-founded by Tomi Rose, a former skilled cheerleader with a long time of real estate experience.
Thus far, the Aston Rose team reports they’ve closed greater than $500 million in real estate deals.
02
Magic Johnson
Unsurprisingly, Magic Johnson is on this list for his business prowess.
After retiring from a 20-year NBA profession and launching Magic Johnson Enterprises, he focused his efforts on investing in property development deals that paid off in a serious way. From Starbucks locations, movie theaters, and enormous residential complexes, the corporate is valued at around $1B.
03
Shaquille O’Neal
Shaquille O’Neal is a mogul in every way, but real estate has substantially contributed to his multimillion-dollar fortune. In 2006, he launched The O’Neal Group, a Miami-based real estate company that developed a $1 billion mixed-use development project in partnership with MDM Development.
04
Queen Latifah
Essence reported in May 2022 that the entertainer and mogul secured a recent deal to create recent housing in Newark, NJ through her real estate development firm, Blue Sugar Corporation.
“To me, Newark is ours. Newark is yours. And I don’t want people to think that they will’t live in their very own communities,” she said in an interview with News 12.
Backed by Latifah since 2019, Blue Sugar Corporation since 2019, the corporate teamed up with Recent Jersey developer GonSosa Development to spearhead a reasonable housing project, which tops out at $14 million.
“The project includes 20 three-family townhomes and a three-story mixed-use constructing with an extra 16 units,” NJ.com reported on the time. “Plans for the constructing include a fitness center and 1,900 square feet of business space that will probably be rented to nonprofits. The 60 units within the townhouses will probably be market-rate; the 16 units within the constructing will probably be inexpensive.”
05
Mo Vaughn
Maurice “Mo” Vaughn built a profession as an MLB MVP and has reinvented himself as an actual estate king as of late. He’s the managing director and co-founder of Omni Recent York, LLC, and revitalizes inexpensive residential housing complexes within the NYC area.
06
David Robinson
The famed NBA All-Star David Robinson became an investor following his basketball profession. He launched a non-public equity investment firm, Admiral Capital Group that has amassed a powerful real estate portfolio containing scores of major industrial and residential properties.
07
Tyra Banks
After being told by her accountant to “Spend more cash,” the model and mogul invested in 4 properties within the Pacific Palisades neighborhood of Los Angeles. She also reportedly purchased a shoreline property value roughly US$7 million that is bound to provide the icon an amazing return if she decided to sell.
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