Donald Trump With the Make America Great Again Hat on
Investing in a business to ensure y'all have a stable income seems like a wise conclusion — until it isn't. Even celebrities who already have a ton of cash can't be careless most choosing investments if they want to stay rich. From restaurants to vesture lines, the opportunities are plentiful, but it takes careful planning to avoid embarrassing concern disasters.
Depending on your age, you lot probably remember these unforgettable celebrity business flops. Think you can approximate who lost the most? Let'southward take a look!
Britney Spears – Nyla Eating place
When Britney Spears opened Nyla Restaurant in 2002, the buzz was real. She was in her prime number years, and it seemed logical she would invest in a different type of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her departure from the business occurred in the same yr after she butted heads with the direction, who claimed she was responsible for the restaurant's debt and other financial problems. Fun fact: The restaurant was supposed to be called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business moguls, but not all their business ventures have been a success. Take the Kardashian Kard, for case. In 2010, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the front end. The concern failed a month after its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, particularly for the Kardashians' largely young adult fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family unit'due south attorney to take immediate action and terminate the business to protect their reputation.
Kanye W – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other way lines, there was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle article of clothing line in collaboration with Adidas.
In short, a lot of drama happened, and co-ordinate to reports, the investors didn't desire to invest a sufficient amount of money to get the concern off the basis. Kanye himself said yous need to invest at to the lowest degree $100 one thousand thousand when you're making a new make, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know about his business failures. One of those epic failures was a very ambitious airline. Back in 1988, Donald Trump introduced his ain branded airline shuttle. The luxury shuttle service was supposed to run between Washington D.C., Boston and New York.
Red carpets, gold and other luxury elements cost Trump $one million per aircraft. Three months after the launch, one of his planes about crashed. The virtually miss, rising fuel prices and a banking company loan of $380 meg fabricated Trump decide it was time to leave his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven enough of times that Paris Hilton knows what she'south doing when it comes to business. The Hilton heir has made quite a proper noun for herself, merely not every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
Information technology was a collaboration between Hilton and the popular wearable label, and absolutely everyone was buzzing virtually it. The collection basically had Paris' face and proper name on almost every article of wearable. Unfortunately, the celebrity didn't last long, and Paris moved on to other business ventures that garnered more than appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the boondocks when she decided to operate a cable channel attainable to 80 1000000 homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than $500 1000000 invested in the project. Unfortunately, her squad failed from the beginning to understand what people responded to and how they watched cable channels. Low ratings and viewership hit the network hard.
Own was arguably Oprah's biggest failure, simply unlike other celebrities on our listing, Oprah all the same hasn't completely given up on her business concern venture. Who knows? Maybe OWN is finally on track to pull itself out of some night days.
Jennifer Lopez – Madre'southward Restaurant
Celebrities have a thing for restaurants, but not all restaurants accept a thing for celebs. Madre'southward was inspired by J.Lo's mom and grandmother'due south cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described it as "a family restaurant with a little bit of sexiness to it."
It lasted about six years earlier mysteriously closing its doors in 2008. The Latin American restaurant featured some of the civilisation's most typical dishes, but J.Lo'southward name wasn't enough to entice the public. No official reason was ever given for the decision to close it down, merely the assumption is poor performance.
Naomi Campbell & Friends – The Way Buffet
In her prime (mid-1990s), Naomi Campbell decided it was time to relish some passive income in the form of business ventures. In 1995, she became the face up of a glamour-themed cafe chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and practiced buzz, but the novelty eventually faded, and it failed to make the necessary profit to stay open. To superlative information technology all off, the business organization partners got involved in a money laundering scandal, making information technology clear that it was better for this cafe chain to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with astonishing ideas, but Dive Restaurant wasn't 1 of them. In 1994, he decided to open a nautical-themed eating house in Beverly Hills. The place was filled with impressive swoop-themed decor and even featured a simulated diving session experience.
That still wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of it started to wear off, resulting in dismal merchandise sales, which were a huge selling point for the business. In 1999, the eating place officially shut its doors and became a learning lesson for what non to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its tiptop, Blob Hogan decided to introduce Minneapolis' Mall of America to the ultimate Blob eating experience. Who wouldn't want to be potent and tough similar Hulk Hogan, correct? Although it definitely seemed like a solid business investment thought dorsum in 1995, it didn't work out in the terminate.
The menu wasn't that different from your standard pasta restaurant menu, apart from the fact that it was branded by everyone'south favorite wrestling guy. The restaurant shut its doors almost a twelvemonth later, allowing the Pastamania name to exist used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business organization venture that failed to turn a profit back in the day. With his focus on real estate, information technology'south not surprising he tried to dip into the mortgage business concern. The success of this venture was very short lived.
Virtually of the Trump Mortgage failure came downwards to poor timing, equally the 2006 recession struck, and the mortgage lending industry began to crumble with the marketplace crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially closed down after failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Boy, and several other musicians decided it was time to open up a nightclub. Wentz claimed he just wanted a place for him and his friends to hang out. Later, the social club launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died down later it was reported that the New York location got caught serving alcohol to minors and had to close downward in 2012. A few years afterward, they also closed the Chicago location — and that was the cease of the Autumn Out Boy nightclub.
Jim McMahon – McMahon'due south Steakhouse
Ex-Chicago Bear Jim McMahon made a proper name for himself in the NFL in the '90s and besides thought he could brand a name for himself by investing in a eating place — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine amid those in the bank loan globe.
The restaurant was beginning called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the eating house participated in some shady business practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role equally a invitee judge on flavor 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time before closing its doors in 2011 amongst a ton of drama.
The business organisation filed for defalcation in order to restructure $5.vii million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new buying (without Longoria) and with a new proper noun, Viva Hollywood, but that restaurant eventually closed likewise.
Jay-Z – J-Hotels
The globe's first billionaire rapper is no stranger to successful business concern ventures, simply the idea that "the sky is the limit" definitely doesn't apply here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan's Chelsea surface area, but lack of funding and a recession halted the structure.
The recession going on at the fourth dimension basically made it harder to get the funding needed, and the whole business project was put on hold in 2008. It looks like it never resumed, probably because Jay-Z became interested in enough of other appealing ventures.
Natalie Portman – Té Casan
Let's have a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime time for celebrity business investments and hotels. Natalie Portman was alee of her fourth dimension when she collaborated with Té Casan to create a vegan shoe line.
Every bit a long-term vegan, she felt the demand to invest in something she believes in, and she felt a shoe line was definitely the mode to become. Unfortunately, the high toll of the shoes didn't exactly entreatment to consumers — not fifty-fifty diehard vegans — and the shoe line'due south website disappeared by the stop of 2008.
Jermaine Dupri – Café Dupri
Jermaine Dupri rose to popularity in the '90s. From forming the iconic Kris Kross to producing music for all your favorite celebrities, Dupri was definitely at the top of his game. In 2005, he decided to try other business ventures and invested in a large café in Atlanta that seated 105 guests.
The carte du jour consisted of high-quality dishes that were also considered healthy. Although information technology seemed similar a decent idea and the buffet had big expansion dreams, the success didn't last. Three years later, Cafe Dupri had to close its doors after struggling to make enough turn a profit.
Beyonce – House of Deréon
That'southward right — Queen B has experienced many failures forth with her success. Sounding like a house out of Game of Thrones, Business firm of Deréon was a fashion line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce's maternal grandmother.
The style mixed the influences of hip hop with high style, and although information technology seemed like information technology was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under fire for its advert with fiddling girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the fashion earth. The eccentric singer is known for her fashion sense, so it seemed only fair to run across if the residual of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing store, with her sis in 2010.
The store'due south location was one of the reasons for its failure — London'southward Covent Garden. Loftier real estate prices forced the company to motion to a somewhat cheaper belongings in Soho, but information technology wasn't enough to save the business concern, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern business concern venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $six.two 1000000. The device was advertised as a modern-day iPod with howdy-resolution music service, but it was criticized for its poor design and high price tag ($400).
Three years later, Neil Immature ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Tape companies were charging too much for hi-res music formats, and the business couldn't brand a profit, despite the steep price of PonoPlayer and its initial funds.
Sylvester Stallone, Arnold Schwarzenegger & Bruce Willis – Planet Hollywood
Planet Hollywood was a '90s sensation and boasted more than than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating among popular movie props attracted endorsements from some of the biggest Hollywood names, but it wasn't all sunshine and rainbows.
The business filed for bankruptcy twice and reduced its number of restaurants to less than a dozen to ensure it could financially sustain itself and make a turn a profit. This prompted investors like Arnold Schwarzenegger to move on and cut ties with the business. Planet Hollywood is still effectually but with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely popular investments for celebrities, and Kevin Costner was in on the idea likewise. In 1997, he dabbled in the food industry in an endeavour to brand more coin, of course. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, it managed to terminal a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive look and mode of a golf clubhouse that was open to the public. Ironically, it opened correct across from Planet Hollywood, which was closing at the time. The business organisation began to neglect in 2007.
Curt Schilling – 38 Studios
A unique business organisation venture for its time, 38 Studios was the abstraction of Curt Schilling, who had a different vision than about sports celebrities. The former Red Sox pitcher wanted to endeavor something new, then he launched a video game business in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an action office-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company alleged bankruptcy in 2012 after only releasing a single game. Despite the business' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had big visions and a adept ear for music, simply in 2011, the popular producer ventured into the world of liqueur with much less impressive results. He worked with Diageo to launch Qream strawberry and peach liqueurs, specifically marketed to women.
Williams blamed Diageo for bereft marketing efforts to launch the liqueur, and he sued the company in 2013 after it appeared to abandon the deal before the contract was over. The beverage wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavour Flav's Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast nutrient with business by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business really didn't terminal that long. In fact, information technology's one of the shortest examples of business failure on the list — iii months.
The restaurant closed its doors due to a fallout between Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and coin direction, leading Flav to decide that fast food really wasn't for him after all — at to the lowest degree when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent'south attempt at a unique business venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, but he apparently failed to understand the reason backside condoms in the first place. His visitor's condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked about his failed business concern venture, and he said, "It just didn't piece of work out because I wanted things in it that wouldn't piece of work." P.South.: "Processed Shop" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the crawly sense of humor she shares with her fifty-fifty more awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their elevation, but Lively wasn't a large plenty lifestyle figure to attract much involvement.
Celebrity product endorsements are oft too expensive for the general public and tin can also experience fake, which raises concerns when it comes to trust. The website was abandoned about a year later, and her lifestyle venture was never mentioned once more. That'south okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a manner line that failed to connect with its customers and brand sufficient profit. It belonged to Heidi Montag, a popular reality television character who wanted to exist known for more than just her dramatic TV roles. She launched Heidiwood in 2007 in collaboration with Ballast Blue Retail.
Although the line looked promising, customers didn't really care for the overpriced items, and her contract wasn't renewed the following year. She returned to reality Television set and is even so a prominent figure in the celebrity gossip globe, so she bounced dorsum financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Back in the day, her sister Nicky Hilton wanted to stay truthful to her family legacy and open a hotel concatenation of her own. Nicky O Hotels was a premier luxury hotel brand, set up to launch in Miami and later Chicago.
Hilton planned to work with Roberto Cavalli to pattern a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of entertainment with luxury and design. Withal, the project failed to see the light of day after a lawsuit against Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list over again, J.Lo's high-cease Sweetface clothing line was yet another failure in the glory fashion earth. Attempting to combine urban streetwear with modern way, the line failed to evangelize anything unique that couldn't be found for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained about high prices likewise as the quality of the wearing apparel. Negative feedback and poor sales forced Kohl's to completely stop the line's production in 2009. Fun fact: Sweetface was J.Lo'southward nickname, given to her by her old manager.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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