MANCHESTER, ENGLAND --If there’s one thing that the rise in property renovation TV shows can tell us, it’s that there’s BIG money to be made. So, whether you’re investing in commercial, rental or development properties, with the right advice and team, you’re highly likely to make a good profit.
We all tend to think of celebrities or high profile individuals as people who make riches from their chosen craft. Although that may be the case for some, other business savvy stars have developed entrepreneurial mindsets, using their amassed earnings to make some very smart real estate investments and build their own empires.
The Celebrity Investments Index, created by the investment experts at money.co.uk, analysed the business activities of 30 A-list celebrities to determine which high profile stars are the most prolific investors and across which areas of business they operate.
Subsequently, the investing team at money.co.uk compiled the following list of celebrities currently leading the way with their impressive real estate portfolios.
Kylie Jenner
The reality TV star caused huge uproar after purchasing her first $2.7 million home in Calabasas at just 17. She didn’t stop there, as since then the 23-year-old Billionaire has gone on to purchase several more homes in her native California.
Since venturing into real estate she has bought and sold three more homes in Hidden Hills for $6 million, $5.4 million, and $12 million respectively.
Known for their passion for interior design, the Kardashian-Jenner family remodel and renovate properties before selling them for profits starting at $1 million. Kylie recently flipped a home and sold a vacant plot of land for $12 million (making over 700K profit in just two years).
Taylor Swift
Taylor Swift has spent a significant percentage of her wealth investing in real estate over the years, with an estimated spend of $100 million so far. A huge chunk of that, close to $50 million, was spent on a single block of apartments in Tribeca, New York City.
In 2014, she paid about $20 million for two adjacent penthouses acquired from “Lord of the Rings” director Peter Jackson. The units were combined into a single, suburban mansion-sized duplex with more than 8,300 square feet.
Then, in 2017, she surprisingly snatched up the 27-foot-wide townhouse next door in an off-market deal valued at $18 million. However, she wasn’t done there. In 2018, she ponied up another $9.75 million for a condo in the same building as her penthouse. Talk about loving where you live!
Swift’s other real estate holdings include several homes in the Nashville area, a Beverly Hills mansion she bought in 2015 for $25 million, and a prominently sited seaside mansion in Westerly, Rhode Island, which she snagged in 2013 for almost $18 million.
Leonardo DiCaprio
In 2005, the Oscar-winning actor bought an entire island off the coast of Belize for $1.75 million, covering 104-acres, on which he is developing an eco-resort. With this passion project, the environmentalist plans to protect the small island and its ecosystem. Although it’s a sustainable real estate investment, it’s been reported that construction on DiCaprio’s expensive resort still hasn't started.
In terms of other properties, in 2016 the actor listed his ocean-front Malibu property for $10.95 million (nearly seven times more than what he’d paid for it 20 years earlier).
DiCaprio’s Palm Springs property - 432 Hermosa - was being offered as a short-term rental in 2016, with daily rates starting from $3,750 per night.
The actor has also bought and sold various properties in Manhattan, Hollywood, Palm Springs and The Hamptons in Long Island.
Jennifer Aniston
As one of the highest paid TV actresses of all time, the former Friends star can take her pick of luxurious properties to live in, then once she’s ready to move on, she knows exactly how to monetise the sale. Aniston bought her mid century Beverly Hills mansion for $13.5 million in 2006, then after two and half years renovating, and after featuring the masterpiece in Architectural Digest, she sold it for a whopping $35 million. Who doesn’t want to live in Rachel Green’s house?
Jennifer’s passion for renovating and real estate continued when she and ex-husband Justin Theroux spent $21 million on the purchase of their elegant Bel Air home, only to spend a few years renting nearby before their dream home was ready for moving in. Her mid-century home features four bedrooms, six-and-a-half bathrooms with a wine cellar, pool, and guesthouse; it also has city and ocean views sitting on almost two acres of land.
Brad Pitt and Angelina Jolie
Brad Pitt and Angelina Jolie, two of the most famous exes in the world, were (and technically remain) an unstoppable real estate power couple.
Together, they own the impressive Château Miraval in France. The Hollywood couple bought the property in 2008 for an impressive €45 million (about $67 million), and held their wedding on the grounds later in 2014. Château Miraval is also an income-generating estate, producing quality wines and extra virgin olive oils.
The pair's impressive real estate portfolio also includes various properties in New Orleans, New York, Los Angeles, Santa Barbara and Mallorca, Spain. As well as this, Brad has also converted and developed properties in Los Feliz and Santa Barbara, which were purchased before meeting Angelina.
Tyra Banks
Tyra Banks has purchased four properties in the Pacific Palisades in Los Angeles. She bought a contemporary-style $6.95 million home, complete with an ocean view, wine cellar, gym and media room.
She also owns a 7,000-square-foot Manhattan duplex in Battery Park City that she purchased in 2009 for $10.13 million. The five-bedroom penthouse, though currently unlisted, was last put on the market for an impressive $17.5 million.
In May 2018, the former supermodel sold a two-bedroom townhome in Los Angeles for $1.47 million, and then in June she bagged $8.9 million for an updated ocean-view home in Pacific Palisades, originally listed for $9.2 million.
Madonna
Queen of pop Madonna owns properties around the world, from her 18th-century mansion in Portugal to her reported six properties in and around the city of London.
One of Madonna's most famous homes is her $40 million Upper East Side apartment in New York City. The townhouse boasts a two-car garage, nine fireplaces, an elevator, and a wine cellar.
Most recently, Madonna put her Beverly Hills mansion on the market for a whopping $35 million.
Arnold Schwarzenegger
Arnie first muscled his way into real estate when he was looking for a way to support his bodybuilding career by purchasing a six-unit building in Santa Monica and living in one of the apartments himself.
He upgraded by buying a 12, and then a 36-unit building. He currently owns hundreds of apartment units, office buildings and retail space in West Hollywood and Los Angeles, estimated to be worth over $300 million.
Schwarzenegger’s small collection of private estates also includes a 15,000-square-foot mansion in the Brentwood area of Los Angeles, as well as a multi-winged mansion near the ski resort community of Sun Valley, Idaho.
Ashton Kutcher
Since taking a step back from acting, Ashton has famously become a high profile investor, but he is also big in the real estate game.
The actor owns several multi-million dollar homes across Southern California with his wife, actress Mila Kunis, including a $10 million beach house in Carpinteria, and a $10.2 million primary residence in the Beverly Hills area.
All credit to money.co.uk: https://www.money.co.uk/investing/celebrity-investment-index
All imagery can be found here: https://drive.google.com/file/d/1Ls6fSTvfHxUOk6lY6SFNElVMvo1UgckY/view?usp=sharing
