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    Home»Small Business»Celebrity Moguls – The New York Times
    Small Business

    Celebrity Moguls – The New York Times

    By Staff WriterJanuary 16, 20257 Mins Read
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    Madison Malone Kircher

    “Please just keep in mind,” Nikki Glaser exhorted Hollywood’s A-list while hosting the Golden Globes last week: “The point of making art is not to win an award. The point of making art is to start a tequila brand so popular that you never have to make art again.” The stars arrayed before her chuckled.

    They were laughing at themselves.

    Among them was Selena Gomez. The actress, doubly nominated that evening for her roles in “Only Murders in the Building” and “Emilia Pérez,” has become a beauty tycoon with her popular makeup company, Rare Beauty. Ariana Grande, seated nearby, owns a cosmetics brand, too.

    Need a drink? Ryan Reynolds sells gin, and Brad Pitt has rosé. George Clooney, Kendall Jenner and Dwayne the Rock Johnson all founded tequila brands. Got kids? Jessica Alba’s Honest Company proffers diapers and baby stuff. Looking for workout gear? There’s Kate Hudson’s Fabletics. Menopause products? Try Naomi Watts’s offering, Stripes.

    These days it feels as if Hollywood’s entrepreneurs are dabbling in every part of the retail market. It’s not enough anymore for a celebrity to simply be a spokesperson for the brand. Now they’ve got to own it, too. This model offers more control — and potentially bigger profits. (Though that means bigger risks as well, naturally.)

    Extra cash

    Why is this happening? One reason is that a side hustle offers insurance against the fickle entertainment industry. It’s harder to score a big payday when streaming services pay a fixed price for a movie or a show, regardless of how many people watch it.

    And roles might dry up, but a successful brand can outlast someone’s good looks or the buzz they earned from their last prize nomination. It can offer “a very steady amount of money that can go on for years, after your acting career is over or diminished,” Bruno Maglione, the president for licensing at the talent agency IMG, previously told The Times. In some cases, actors can make much more from their stuff than they do from their film credits. Gomez is reportedly a billionaire these days.

    Celebrities aren’t going it alone, however. They work with experienced entrepreneurs. Gomez started her company with three alums from NYX Cosmetics, including her chief executive. Alba brought on the chief executive of a nonprofit focused on childhood health. She later recruited Brian Lee, a serial entrepreneur who co-founded Kim Kardashian’s company ShoeDazzle.

    Still, there are no guarantees. In 2024, the actor Blake Lively started a hair-care line, Blake Brown. The brand tanked alongside a reported smear campaign against Lively during the promotion of her film “It Ends With Us.” Kristen Bell and Dax Shepard’s Hello Bello — another diaper company — filed for bankruptcy in 2023. (They later sold it to a private equity fund.)

    It’s not enough for celebrities simply to put their face on a product. It’s about telling a story and convincing those of us who might buy their booze or bralette or blush that they actually embody the product. That they use it or, at the very least, like it. Jenner has been known to pop up at college bars pouring shots of her wares. Gomez stepped onto the red carpet at the Golden Globes wearing plenty of her own makeup products, which the brand later highlighted on social media.

    Not every celebrity has gone this route. Some still tread more traditional paths, lending their likeness for ad campaigns. Timothée Chalamet, who is drawing Oscar buzz for his portrayal of Bob Dylan in “A Complete Unknown,” hasn’t founded any companies, though he’s an “ambassador” for high-end brands like Chanel.

    Bob Dylan, on the other hand, would like to sell you a bottle of his whiskey. Yes, the real Bob Dylan.

    THE LATEST NEWS

    California Fires

    Other Big Stories

    THE SUNDAY DEBATE

    Should we take Trump’s talk of territorial expansion seriously?

    Yes. Trump’s threats interfere with the affairs of American allies at a time when our adversaries mean to do us harm. “Now is not the time to tie down the American military in pointless imperialism,” The Kansas City Star’s David Mastio writes.

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    Who knows? Trump’s strategy of inciting fear makes it impossible to know his real intentions. “This causes many problems, among them forcing people and governments to insulate themselves against the chaos, to the detriment of the chaos-creator,” The Pittsburgh Post-Gazette’s David Mills writes.

    FROM OPINION

    Vivek Ramaswamy wants the United States to reward the genius of skilled immigrants. But the American dream is about working hard, even if it’s not high-achieving, Ross Douthat writes.

    Crossing the Atlantic: Why do so many stage shows that were hits in London bomb on Broadway?

    Most clicked: The maps of the Los Angeles fires were the most popular story in The Morning this week. See them here.

    Vows: They met more than 20 years ago as child actors in “School of Rock.” Now they’re married.

    Lives Lived: Charles Person was the youngest of the 13 original Freedom Riders who traveled to Birmingham, Ala., from Washington in 1961 in an effort to integrate interstate bus terminals across the South. He died at 82.

    BOOK OF THE WEEK

    Elisabeth Egan

    “Fire Weather,” by John Vaillant: In this hair-raisingly prescient book — it could be shelved under “horror nonfiction” — Vaillant makes the case that the raging wildfire that consumed Fort McMurray in Alberta, Canada, in May 2016 was a harbinger of catastrophes to come. He shows how the blaze flickered to life, then grew, fed by dry trees and hurricane-force winds, until it devoured more than 2,500 homes and other structures and 2,300 square miles of forest, not to be fully extinguished until August of the following year. “Vaillant anthropomorphizes the fire,” our reviewer wrote of “Fire Weather,” which was selected as one of The Times’s 10 Best Books of 2023. “Not only does it grow and breathe and search for food; it strategizes. It hunts.”

    More on books

    THE INTERVIEW

    David Marchese

    This week’s subject for The Interview is Ben Stiller. The new season of “Severance” (Apple TV+), which he directs and executive produces, returns on Jan. 17. Stiller talked about the show, how comedy has changed and being Jewish in Hollywood.

    A project you had wanted to make for a long time was an adaptation of “What Makes Sammy Run?” the Budd Schulberg novel. It’s a story about a Jewish character named Sammy Glick who’s a conniving, amoral striver in Hollywood and his thirst to succeed. What was it about that book that resonated with you?

    I think Budd Schulberg saw it as a metaphor for anybody who wants to get to the top — that mind-set of, do whatever it takes. That’s why I think the novel resonates. There’s always been a resistance to it, and I can understand why. For a long time I was frustrated because I felt like this story should be made, but the flip side of it is it can be looked at as you’re shining a spotlight on a Jewish character who is the self-hating Jew who is willing to do whatever.

    That was the resistance to making it?

    Partly, I think so. It’s funny, I think about it now and I would love to see that story made. What I worry about is how people would interpret it on the outside — and that’s as a Jewish person.

    Are ways in which, after Oct. 7, being Jewish in Hollywood has been trickier to navigate? Have things felt different?

    I think just being a Jewish person feels different. I grew up in an incredibly sheltered Upper West Side environment. I never experienced antisemitism. So to start feeling that now, where other people have felt it their whole lives, and to see the rise in antisemitic violence, is something that I never thought I’d experience in my lifetime. The reality of it is frightening.

    In this week’s Five Weeknight Dishes newsletter, Ali Slagle highlights recipes with three mighty ingredients: greens, beans and grains. Her recipe suggestions include a one-pot grains dish and a brussels sprouts salad with pomegranate and pistachios.

    NOW TIME TO PLAY



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