American media personality Kim Kardashian attends the Vanity Fair party following the 92nd Oscars at The Wallis Annenberg Center for the Performing Arts in Beverly Hills, in February 2020. Photo: Getty Images/TNS
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https://scmp.com/magazines/style/celebrity/article/3192451/8-celebrities-investment-firms-kim-kardashians-skky-and Celebrities
8 celebrities with investment firms, from Kim Kardashian’s Skky and Serena Williams’ Serena Ventures, to NBA star Stephen Curry’s SC30 and Jay-Z’s Marcy Venture Partners
- Ashton Kutcher launched A-Grade and was an investor in Spotify, Uber and Airbnb, while Jessica Alba found success with Honest Co, and put money in for Headspace
- Rapper Sean ‘Diddy’ Combs runs Combs Enterprises; Alex Rodriguez founded VCP Ventures with former Walmart exec Marc Lore, and backed Eight Sleep and Acorns
Stephen Curry, Serena Williams, Kim Kardashian and Jay-Z all run investment firms. Photos: @stephencurry30, @serenawilliams, @kimkardashian, @beyonce/Instagram
Kim Kardashian is starting her own private equity firm called Skky Partners with Jay Sammons, a veteran of The Carlyle Group. This is her first investment-focused company, but the reality TV star has previously proven her business acumen especially with the success of brands like Skims and Skkn.
Kardashian joins a growing list of celebs who have broken into investing. So, which A-listers own investment firms?
1. Kim Kardashian
On September 7, the TV reality star announced the launch of her own private equity firm with Sammons.
The firm, Skky Partners, will invest in consumer products, media and entertainment, hospitality and luxury, according to a press release announcing the company’s creation.
“I’m excited to launch Skky Partners to invest in the next generation of consumer brands, leveraging my experience founding and building global businesses and partnering with innovative companies to help them grow,” Kardashian said in the release.
Kim Kardashian in a Skims piece. Photo: @skims/Instagram
The billionaire is no stranger to the business world, having founded a number of companies, including KKW beauty, a cosmetics company and Skims, a shapewear and clothing brand.
Still, this is her first foray into private equity investing, which involves investing in, or outright buying private companies and managing them before selling them.
2. Serena Williams
Serena Williams is one of the most well-known female tennis players of our time. Photo: @serenawilliams/Instagram
The tennis star recently announced that she plans to step back from playing tennis and focus full-time on her venture capital firm, Serena Ventures. Williams’ fund invests in under-represented founders, including women and people of colour. Williams has invested in MasterClass, Daily Harvest and Clubhouse.
3. Ashton Kutcher
Actor Ashton Kutcher attends the 23rd Annual Screen Actors Guild Awards at The Shrine Auditorium in January 2017, in Los Angeles, California. Photo: Getty Images/AFP
The actor founded his venture capital firm, A-Grade Investments, in 2010 with two long-time friends. A-Grade was an early investor in Spotify, Uber and Airbnb.
4. Jay-Z
Jay-Z and Beyoncé́ have been married for over a decade now. Photo: @beyonce/Instagram
The rapper and producer’s company, Marcy Venture Partners, was founded in 2018 and has invested in Madison Reed, Rihanna’s Savage x Fenty and Gemini, which was launched by the Winklevoss twins.
5. Alex Rodriguez
Alex Rodriguez of the New York Yankees rounds the bases after hitting a solo home run against the Texas Rangers at Globe Life Park in July 2015, in Arlington, Texas. Photo: Getty Images/AFP
The former pro-baseball player founded A-Rod Corp in 1995 to invest in real estate. Later, he founded VCP Ventures with former Walmart exec Marc Lore. Rodriguez has invested in Acorns, a fintech company and Eight Sleep, a mattress company.
6. Jessica Alba
Jessica Alba started her acting career in the early 1990s. Photo: @jessicaalba/Instagram
The actress founded the baby and beauty products company Honest Company in 2012. It went public last year and was briefly worth more than US$1 billion. She also invests in early-stage companies, per CrunchBase. In 2015, she put in money for Headspace, a meditation app.
7. Sean “Diddy” Combs
Sean “Diddy” Combs has made his wealth through music and investing, especially in alcohol brands. Photo: @diddy/Instagram
The entrepreneur and rapper, also known as “Puff Daddy”, runs Combs Enterprises. He is one of the wealthiest rappers, thanks to some of his investments. He is currently invested in Aquahydrate, and he co-owns alcohol brands Cîroc and DeLeón tequila.
8. Stephen Curry
Stephen Curry of the Golden State Warriors celebrates after teammate Andrew Wiggins made a basket and drew a foul during the second quarter against the Boston Celtics in Game Five of the 2022 NBA Finals at Chase Center on June 13, in San Francisco, California. Photo: AFP
Stephen Curry is a pro basketball player for the Golden State Warriors, but off the court, he runs his investment firm, SC30. Curry has invested in at-home smart gym Tonal, and Literati, a children’s subscription book club.
Read the original article on Insider.