FINANCE
These Celebrities have passion for investments in the real estate market
Movie and TV stars, models, athletes, all have money. And they all make investments in different ways. Most of them make their fortune by investing in real estate. Real estate investment is the best way of building long-term wealth. Everyone of them is making bank in real estate and getting success. The purchasing and selling houses in great timing is the main factor of their success in this area.
1.Jennifer Aniston
The FRIENDS star has a perfect vision for real estate investment as she and her husband bought their Bel Aire home for $21 million only to stay for a few years while their dream home was getting prepared. She has been investing in homes for the past few years and taking home big bucks.
Aniston knew that timing is everything as she bought midcentury Beverly Hills mansion for $13.5 million and then she renovate the property and sold it for $35 million.
2. Brad Pitt
Brad Pitt and his ex-wife Angeline Jolie’s portfolio in investing in real estate has some big deals. They have done this kind of investment from Los Angles to Turkey by spending their money for investing in homes and then selling them with triple or more profit.
The couple purchased a home of 1200 acres having 35 bedrooms for $60 million. This is the biggest investment in their record, but it is not the only one. He has also been in the commercial real estate investment.
3. Kylie Jenner
The famous 20-years old entrepreneur and celebrity coming from a reality TV show Keeping Up with the Kardashians is America’s well-known high profile investor in real estate.
She owns several homes in California and purchased her first home in Calabasas for $2.7 million when she was 17. She bought and sold multiple houses in Hidden Hills for $5 million to $15 million. The younger makeup tycoon is one of the successful real estate investors in Hollywood.
4. Patrick Dempsey
The Grey’s Anatomy star and America’s famous celebrity Patrick Dempsey has been in the investment in real estate for quite long and is taking big amount of money to home.
The star made his fortune by selling his Malibu which is known as Tin House for $15 million. He bought the house for $7 million when it was featured in Architectural Digest. Price was more than double of the purchase price which shows that he has quite a talent for dealing in this kind of things.
5. Ellen DeGeneres and Portia De Rossi
The comedian Ellen DeGeneres and her wife Portia De Rossi are the big names in real estate investment game. They have been part of this game for quite a long time and know how to make big cash by investing in homes.
They purchased a house for $40 million and sold it for $55 million by making $15 million profit. They have bought and sold multiple homes in different areas and made a huge profit. Clearly, the couple knows how to make money in real estate.
6. Emmitt Smith
The famous footballer earned a lot of fame and money during his career by winning championships and breaking records. But once his career ended, he then put his hands in real estate. The area was a big luck for him as he closed a $45 million deal in the first attempt and then the game started.
He started this thing by founding a national commercial real estate services company. He scored millions of dollars in both ways, by purchasing and selling properties and by his services to others.
7. Robert De Niro
The superstar has been in the real estate investment and earning huge money out of it. He chose the commercial real estate rather than residential. He used many of his cash earned from the other sources for giving as mortgage by giving loans to people and then using the properties to earn more money.
He has hotels and resort projects and he also co-owns some restaurants as well.
8. Arnold Schwarzenegger
Before becoming the Governor of California, Schwarzenegger financed his career as an actor by investing wisely in real estate. He tested his luck by purchasing different apartments and other multifamily buildings. His passive income from real estate also led him to further finance the travel and diet expenses associated with his bodybuilding career.
Schwarzenegger was a successful real estate mogul before getting into Hollywood and politics. In fact, real estate was the foundation of his success. He earned a lot by renting, giving loans and keeping the properties on the mortgage.