When you think of the most famous Franchises, you probably think of the most famous actors and actresses. Sometimes, though, the most famous people behind these brands are the ones you might not have even heard of.
Celebrities are often inducted into boards for various industries that they may not have a direct connection to, but sometimes, they are closely tied to a specific product that they have ownership in. Here are 10 of the most famous celebs with businesses and brands that are tied to them.
We all know that movie stars like George Clooney and Leonardo DiCaprio have multiple talents. But celebrities have many skills other than acting. Find out which other talents famous celebrities have.
Celebrities often amass money via entrepreneurial endeavors. Buying franchises is one method that these renowned 5 celebrities have earned money.
What is the definition of a franchise?
Many well-known high-street brands, such as Starbucks and McDonald’s, are franchisees. This implies that for a price, individuals may trade under a brand name.
Franchises are operated by which brands?
Starbucks, Domino’s Pizza, and KFC all have franchises in the United Kingdom (and globally). In the United Kingdom, even Swarovski has a retail franchise.
Burger King’s Kanye West is number one
Kanye, who is now a billionaire, has amassed wealth via a variety of ventures.
Franchises look like a natural business endeavor for him as a savvy entrepreneur. Despite tweeting in 2008 that “McDonald’s is my favorite restaurant,” Kanye allegedly purchased 10 Burger King franchises for Kim Kardashian as a present in 2010.
Starbucks, Magic Johnson
Magic Johnson, a former NBA player for the Los Angeles Lakers, is another celebrity who has profited from franchise investments.
In the 1990s, Magic Johnson retired from professional basketball. In 1998, Magic Johnson Enterprises’ Johnson Development Corporation (JDC) and Starbucks Coffee Company formed a game-changing 50/50 collaboration to construct Starbucks shops in disadvantaged areas.
Magic Johnson convinced Starbucks CEO Howard Schultz to join him in opening more Starbucks locations in inner communities. In cities such as Los Angeles, New York, Seattle, Chicago, Denver, Detroit, Atlanta, San Diego, San Francisco, and Washington, D.C., more than 100 shops have opened.
Starbucks locations in New York City’s Harlem neighborhood, Chicago’s Bronzeville neighborhood, and Los Angeles’ Crenshaw area. Starbucks subsequently purchased them back, making the guy a millionaire.
Jamba Juice (Venus Williams)
Venus Williams, a tennis player, purchased four Jamba Juice franchise shops in the Washington, D.C. region. The Jamba Juice Company is a major restaurant supplier of healthier beverage and food options, including whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas, and a range of snack products.
Venus is an excellent partner since the company focuses on nutrition and caters to those who want to recharge after working out.
Venus Williams, tennis star and businesswoman, stated, “It’s very exciting to launch my fourth Jamba Juice store and continue growing the brand’s footprint in the DC metro region.”
Phil Mickelson, No. 4: Five Guys
Phil Mickelson, a professional golfer, is so fond of Five Guys that he bought the rights to franchisees throughout Orange County, California.
Investing in a famous franchise is a fantastic economic opportunity for a celebrity since the franchisee benefits from their star’s visibility.
The celebrity benefits from having a ready-made company that they can manage on a daily basis with the help of a staff. A fantastic method to get passive income from a financial investment.
Pharrell Williams’ Fatburger is number five on the list.
Kanye West, Queen Latifah, and Pharrell Williams are among the celebrities who have invested in Fatburger locations in the United States. The retro-style burger restaurant has jukeboxes in every location and is very popular in the United States.
Especially after appearing in the songs It Was a Good Day by Ice Cube and Going Back to Cali by The Notorious B.I.G. In 2018, the first store in the UK opened near Camden Market.
According to reports, singer Pharrell Williams and CEO Andrew Wiederhorn launched the first Fatburger shop in China.
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What do you think of when you think of a fast food restaurant? Burger King, Wendy’s, KFC, Popeyes, and Taco Bell are names that come to mind. They’re everywhere, and have become a staple in many households. But, what about the most famous franchises? Who are the celebrities behind these brands?. Read more about celebrity that loves wingstop and let us know what you think.
Frequently Asked Questions
What celebrity owns the most franchises?
The most franchises owned by a celebrity is 6, which belongs to the Kardashian family.
What celebrity owns Krispy Kreme?
Krispy Kreme is owned by JAB Holding Company, which is a subsidiary of JAB Beech.