Trump I Know Youre Not Thinking You Never Do
Investing in a concern to ensure you lot have a stable income seems like a wise decision — until it isn't. Fifty-fifty celebrities who already have a ton of cash can't exist careless near choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, just information technology takes conscientious planning to avoid embarrassing business organization disasters.
Depending on your age, you probably think these unforgettable glory business flops. Think you can guess who lost the most? Let's accept a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the buzz was real. She was in her prime years, and it seemed logical she would invest in a unlike type of business. Nyla was located in the Dylan Hotel in Manhattan, New York Urban center.
Her divergence from the concern occurred in the same year after she butted heads with the management, 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 are definitely business organization moguls, but not all their business ventures accept been a success. Take the Kardashian Kard, for example. In 2010, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business failed a month afterward its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, specially for the Kardashians' largely young developed fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to take immediate activeness and finish the business organisation to protect their reputation.
Kanye Westward – Pastelle Wearable Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Earlier his other manner lines, there was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle wear line in collaboration with Adidas.
In short, a lot of drama happened, and co-ordinate to reports, the investors didn't want to invest a sufficient amount of money to go the business organization off the ground. Kanye himself said you lot need to invest at least $100 one thousand thousand when you're making a new brand, and information technology conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known man of affairs, but not many people know near his business organisation 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 betwixt Washington D.C., Boston and New York.
Ruddy carpets, gilded and other luxury elements cost Trump $1 million per aircraft. Three months afterwards the launch, 1 of his planes almost crashed. The near miss, rising fuel prices and a bank loan of $380 one thousand thousand fabricated Trump decide it was time to leave his aviation dreams backside and attempt something else.
Paris Hilton – Dollhouse Collection
It has been proven plenty of times that Paris Hilton knows what she'due south doing when it comes to business. The Hilton heir has made quite a name for herself, but not every thought resulted in greenbacks in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular clothing label, and absolutely anybody was buzzing near information technology. The drove basically had Paris' confront and name on almost every article of wearable. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more than appeal.
Oprah Winfrey – Ain
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 aggressive idea, with more than $500 million invested in the project. Unfortunately, her team failed from the kickoff to understand what people responded to and how they watched cable channels. Depression ratings and viewership hit the network difficult.
OWN was arguably Oprah's biggest failure, but unlike other celebrities on our list, Oprah still hasn't completely given up on her business concern venture. Who knows? Perhaps OWN is finally on track to pull itself out of some nighttime days.
Jennifer Lopez – Madre'due south Eatery
Celebrities have a thing for restaurants, only non all restaurants take a thing for celebs. Madre's was inspired past J.Lo'southward mom and grandmother'due south cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her ain words, she described it every bit "a family eatery with a little bit of sexiness to it."
It lasted about six years before mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the civilisation'due south nearly typical dishes, but J.Lo'due south name wasn't plenty to entice the public. No official reason was always given for the conclusion to close it down, but the assumption is poor operation.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided information technology was time to enjoy some passive income in the class of business ventures. In 1995, she became the face up of a glamour-themed cafe concatenation called Mode Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
Information technology had a solid start and good buzz, merely the novelty somewhen faded, and it failed to brand the necessary profit to stay open up. To top it all off, the business partners got involved in a coin laundering scandal, making information technology clear that information technology was better for this cafe chain to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg'southward mind seems to overflow with amazing ideas, simply Dive Restaurant wasn't one of them. In 1994, he decided to open a nautical-themed eatery in Beverly Hills. The identify was filled with impressive swoop-themed decor and even featured a simulated diving session experience.
That still wasn't enough to amuse the demanding Beverly Hills oversupply, and the novelty of information technology started to wear off, resulting in dismal merchandise sales, which were a huge selling bespeak for the concern. In 1999, the eating place officially shut its doors and became a learning lesson for what not to practice in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its peak, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating feel. Who wouldn't want to be potent and tough similar Hulk Hogan, right? Although information technology definitely seemed similar a solid concern investment idea dorsum in 1995, information technology didn't work out in the cease.
The carte du jour wasn't that different from your standard pasta restaurant menu, autonomously from the fact that information technology was branded by everyone'south favorite wrestling guy. The restaurant close its doors near a year afterward, allowing the Pastamania name to be used by a fast food concatenation from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the but Trump business organisation venture that failed to turn a profit back in the day. With his focus on real estate, it's not surprising he tried to dip into the mortgage concern. The success of this venture was very short lived.
Most of the Trump Mortgage failure came down to poor timing, as the 2006 recession struck, and the mortgage lending industry began to crumble with the marketplace crash. Everything was questioned, including the CEO'south background. In 2007, Trump Mortgage officially closed down afterwards failing to thrive in the struggling marketplace.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Boy, and several other musicians decided it was fourth dimension to open a nightclub. Wentz claimed he but wanted a place for him and his friends to hang out. Later, the order launched in several other locations, including Chicago.
The hype of the glory-owned nightclub died down after information technology was reported that the New York location got defenseless serving booze to minors and had to shut down in 2012. A few years after, they also airtight the Chicago location — and that was the end of the Fall Out Boy nightclub.
Jim McMahon – McMahon'southward Steakhouse
Ex-Chicago Deport Jim McMahon made a proper name for himself in the NFL in the '90s and also thought he could make a proper noun for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine among those in the banking concern loan world.
The restaurant was first called Chicago Stadium, but the owners of the Chicago Stadium speedily sued McMahon and his other business organization partners. According to reports, the restaurant participated in some shady business practices, and McMahon had to distance himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — recollect her part every bit a guest judge on season 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some fourth dimension before closing its doors in 2011 amidst a ton of drama.
The business filed for bankruptcy in order to restructure $5.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso after relaunched under new ownership (without Longoria) and with a new proper name, Viva Hollywood, only that eating place somewhen airtight as well.
Jay-Z – J-Hotels
The world'due south starting time billionaire rapper is no stranger to successful business ventures, but the idea that "the heaven 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 up in Manhattan's Chelsea area, but lack of funding and a recession halted the construction.
The recession going on at the time basically made it harder to get the funding needed, and the whole business project was put on hold in 2008. It looks like information technology never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Allow's accept a break from restaurants and hotels for a while and become to 2008, which really seemed to exist a prime time for celebrity business investments and hotels. Natalie Portman was alee of her time when she collaborated with Té Casan to create a vegan shoe line.
Every bit a long-term vegan, she felt the need to invest in something she believes in, and she felt a shoe line was definitely the way to go. Unfortunately, the loftier price of the shoes didn't exactly appeal to consumers — not even 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 attempt other business ventures and invested in a large café in Atlanta that seated 105 guests.
The card consisted of loftier-quality dishes that were also considered healthy. Although information technology seemed similar a decent idea and the cafe had big expansion dreams, the success didn't last. Three years subsequently, Cafe Dupri had to close its doors after struggling to brand enough profit.
Beyonce – House of Deréon
That'south right — Queen B has experienced many failures along with her success. Sounding similar a business firm out of Game of Thrones, 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 fashion mixed the influences of hip hop with high manner, and although it seemed similar it was taking off at first, information technology was ultimately criticized for its high prices. In 2008, the line also came under fire for its advertisement with trivial girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen besides tried to dabble in the mode world. The eccentric singer is known for her style sense, so it seemed only fair to see if the residuum of the earth (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage vesture store, with her sis in 2010.
The shop's location was i of the reasons for its failure — London's Covent Garden. High real estate prices forced the company to move to a somewhat cheaper property in Soho, but it wasn't plenty to relieve the business, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $6.2 1000000. The device was advertised as a modern-24-hour interval iPod with how-do-you-do-resolution music service, but it was criticized for its poor design and high price tag ($400).
3 years later, Neil Young ceased operations and closed the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging also 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 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating among popular moving picture props attracted endorsements from some of the biggest Hollywood names, but information technology wasn't all sunshine and rainbows.
The business filed for defalcation twice and reduced its number of restaurants to less than a dozen to ensure it could financially sustain itself and make a profit. This prompted investors like Arnold Schwarzenegger to move on and cutting ties with the concern. Planet Hollywood is still around only 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 too. In 1997, he dabbled in the food industry in an attempt to brand more coin, of grade. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, it managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive await and style of a golf clubhouse that was open up to the public. Ironically, information technology opened correct across from Planet Hollywood, which was closing at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business organization venture for its time, 38 Studios was the abstraction of Short Schilling, who had a different vision than most sports celebrities. The former Red Sox pitcher wanted to endeavor something new, so he launched a video game business in 2006. Unfortunately, game development takes years, and that was difficult to sell to investors.
The company released an activity office-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared defalcation in 2012 after only releasing a unmarried game. Despite the business' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had big visions and a good ear for music, but 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 insufficient marketing efforts to launch the liqueur, and he sued the company in 2013 after information technology appeared to carelessness the deal before the contract was over. The drinkable wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavour Flav – Flavor Flav's Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast food with business by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the concern really didn't terminal that long. In fact, it'south 1 of the shortest examples of business failure on the listing — three 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 management, leading Flav to decide that fast food really wasn't for him after all — at least when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent's endeavour at a unique business venture — in condoms. Yep, yous read that right. In 2008, the rapper created a line of condoms, but he patently failed to understand the reason behind condoms in the first place. His company'southward condoms were laced with chemicals designed to increase the wearer'due south 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 information technology that wouldn't work." P.S.: "Candy Shop" lyrics were written mode before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of humour she shares with her even more crawly hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, only Lively wasn't a large enough lifestyle figure to attract much involvement.
Celebrity product endorsements are often too expensive for the general public and can as well feel faux, which raises concerns when it comes to trust. The website was abased almost a year later, and her lifestyle venture was never mentioned again. That'due south okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient turn a profit. It belonged to Heidi Montag, a popular reality television character who wanted to exist known for more 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 TV and is nevertheless a prominent effigy in the celebrity gossip world, and then she bounced dorsum financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Dorsum in the day, her sister Nicky Hilton wanted to stay true to her family legacy and open up a hotel concatenation of her own. Nicky O Hotels was a premier luxury hotel brand, set to launch in Miami and later Chicago.
Hilton planned to piece of work with Roberto Cavalli to blueprint a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of entertainment with luxury and design. Notwithstanding, the projection failed to see the light of day later a lawsuit against Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo'due south high-terminate Sweetface clothing line was yet another failure in the glory fashion world. Attempting to combine urban streetwear with modern style, the line failed to deliver anything unique that couldn't exist found for a cheaper price in a shop downwards the street — according to shoppers' feedback.
Customers complained well-nigh high prices as well every bit the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely finish the line's product in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her old managing director.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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