It’s a fact that celebrities are keeping themselves busy with is investing and buying stock. The entertainment industry has basically been progressing at a snail’s pace (thanks to the COVID-19 pandemic).
Many celebrities (who would normally be appearing on TV shows or in movies or playing music at music festivals or concerts) have been at home since the first quarter of 2020 and have looked at ways to keep themselves busy (and maybe make up lost income in the process).
Where are Celebrities investing their moolah in 2021?
1. Tesla Inc.
Did you know that if you bought shares in this company that makes electric cars, energy storage products that help homes go off-grid, solar panels and solar roof tiles (and other related products) in 2010 (when Tesla launched their first Initial Public Offering or IPO) that they would be worth 3600% in 2020? That’s $36,000 on a $1,000 investment and pretty damn impressive if you ask me. In December 2020, Tesla Inc. (whose CEO is Pretoria-born tech entrepreneur Elon Musk) announced more than $31 billion in revenue for the year.
It doesn’t surprise me that many celebrities are endorsing the brand and investing some of their moolah in this company (that has been growing insanely fast over the last decade). Zoey Descanel, Cameron Diaz, Jennifer Garner, Jaden & Will Smith, Leonardo DiCaprio and Joe Rogan all love their Tesla cars 🙂
Bitcoin has made the headlines around the world, ever since it launched in 2008. It’s the world largest cryptocurrency by market capitilization. Unlike conventional currency, Bitcoin is created, distributed, traded, and stored with the use of a decentralized ledger system (which is known as a blockchain). 1 Bitcoin is currently trading for about $55,000 (R817,000).
Many celebrities and entrepreneurs (like Elon Musk) have endorsed Bitcoin and are doing Bitcoin trading / investing or accepting Bitcoin payments for goods and services. Celebrities like Maisie Williams (Aria from Game of Thrones) and Harry Potter author J.K. Rowling have tweeted about it and artists like Snoop Dogg, Mel B (from the Spice Girls) and Bjork have used Bitcoin as a payment method for people who want to buy their albums (as early as 2013).
Sometimes people forget that celebrities are human – and humans (even normal folk like you and me) have engaged in Bitcoin or have invested in it.
Ethereum has been around since 2015. Like Bitcoin, it’s a decentralized blockchain. It features smart contract functionality. The cryptocurrency it uses is called an Ether. 1 Ether is currently trading for roughly $1760 (R26,300).
Celebrities like Ashton Kusher (the That 70s Show actor), Redfoo (the rapper), Richard Sherman (the American football player), Cameron & Tyler Winklevoss and Suarez (the footballer) have endorsed / invested in it or least tweeted about it.
When it comes to the Internet (and Technology in general), Google needs no introduction. Alphabet (Google’s holding company) posted a revenue of $56.90 billion in December 2020 (which was much higher than expected).
Many celebrities have been investing and are investing in this tech giant. The company’s stock is currently trading at around $2000 (R29,000) per share. It’s grown more than 3800% since Google entered the stock exchange in 2004. Back then one Google share would’ve set you back only $54.
5. Netflix Inc.
Netflix has been around since 1997. It started out as a DVD-rental service, but it’s now a prominent video streaming service which offers a wide variety of award-winning TV shows, movies, anime and documentaries. Netflix stock is currently trading at $524 a share. Their stock price has grown nearly 43,000% since people first started trading Netflix stock in 2002. Back then one share would’ve cost you only $1.21.
As of January 2021, Netflix has more than 203 million paying subscribers. The streaming space is constantly evolving and growing and despite increased competition, the amount of Netflix subscribers are expected to increase exponentionally over next few years. Streaming video content has become immensely popular over the last year and as long as the Coronavirus pandemic is around, this will be the trend for quite some time.
Well, there you have it, our list of where celebrities are investing their moolah in 2021. If you’re keen to start investing, head on over to SAshares.co.za.
Watch this space for updates in the Opinion category on Running Wolf’s Rant.