5 Hollywood Celebrities Who are Vastly Successful Entrepreneurs According to Michael Timothy Johnson

A lot of people have started down one path in life but ended up on another road. This can be attributed to building enough net worth to change lanes, or simply stumbling across a new passion. Michael Timothy Johnson changed course after success in one industry let him build his own business. With a degree…

A lot of people have started down one path in life but ended up on another road. This can be attributed to building enough net worth to change lanes, or simply stumbling across a new passion. Michael Timothy Johnson changed course after success in one industry let him build his own business.

With a degree in finance from the University of South Florida, Michael pursued a career as a licensed personal banker. As he helped his clients build wealth, he utilized the same strategies to grow his own finances. When Michael felt he was financially ready, he quit his job to launch a business as a motivational speaker, fitness coach, and YouTuber. Using these platforms, Michael teaches people how to invest in themselves and is bringing in multiple revenue streams.

Certainly, not the first person to switch careers, Michael shared some famous names who have pursued entrepreneurial ventures in the background.

Sean “Diddy” Combs

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This hip-hop icon has proven himself a very successful businessman. He is the chairman and CEO of Combs Entertainment which encompasses fashion, fragrances, and beverages. Ciroc vodka, a part of Combs Wine & Spirits, is currently the biggest moneymaker for Diddy. Considering his net worth is $885 million, that’s a lot of vodka!

Francis Ford Coppola

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This legendary director has been a part of the wine industry for nearly four decades. In 2006, Coppola purchased what is now the Francis Ford Coppola Winery in Sonoma, California. Yes, that Sonoma, one of the wine capitals of the world. This facility is home to 10 wine brands and can produce up to 10 thousand cases per day. The business has been good to this icon, who has a net value of $300 million.

Jay-Z

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A diverse business portfolio led to Jay-Z becoming the first hip-hop billionaire (sorry Diddy). His businesses include ROC Nation, Tidal, and D’Usse Cognac, and the star has a $50 million stake in Armand de Brignac Champagne. In 2015 he purchased the streaming platform Tidal for $56 million. Its value in 2017: $600 million.

Mary-Kate & Ashley Olsen

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The child star twins retired from acting (very) early to launch their own empire. High-end clothing line The Row was introduced in 2006, and a year later, the duo founded Elizabeth and James. The latter includes clothing and very popular fragrances. Elizabeth and James products can be found in Kohl’s and Sephora stores, and are a big part of the sisters’ $400 million net worth.

Andrew Shue

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If you watched Melrose Place in the 90s, you know who Andrew Shue is. The actor has become a tech mogul, cofounding the popular site CaféMom with Michael Sanchez in 2006. As of 2015, the site has become the multiplatform CafeMedia, and attracts over 30 million visitors a month. Earlier on, in 1993, Shue founded dosomething.org, an organization promoting youth organization and volunteer work.

Like Michael, these celebs switched gears during or after the careers that made them household names. While they did have a little more startup capital, Michael is a prime example of using one avenue to get to the place you truly want to be in life.

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