We love our celebrities and who can blame us, these individuals have great wealth and fame which are two things we all desire. If you check out the celebnetworth.wiki website you will be provided with an extensive list of all the various celebrities and how much money they are currently worth. Websites like celebnetworth.wiki will give you the projected net worth of a particular celebrity, but those individuals could be worth more. We need to better understand how celebrities earn their vast fortunes.
For the sake of this conversation, we will be looking at how pop stars earn the bulk of their wealth since these are the celebrities that most people follow.
One way that celebrities are making money is by using social media to promote specific brands of services. In the past a celebrity could endorse products and services via television, radio, and stage performances but that is not the case with social networking a celebrity could post a status update and their millions of fans would be made aware of it. Since these fans have a deep rooted desire and affinity or their celebrity they will be more likely to purchase whatever is being promoted. There are some celebrities who get paid millions for a single post so this is a huge source of income for celebrities.
Aside from posting promotions via social media, the celebrity could also get paid for participating in a speaking engagement. Depending on what tier the celebrity is they could easily make $100,000 plus expenses just to show up and speak for an hour or so, that is some major cash and there is no additional work required for it. What some celebrities do is when they are in the “off season” is have their agent book speaking engagements for them so they are constantly in the public eye and getting paid for it. The agents who represent these celebrities do earn a considerable amount of income from arranging these engagements so there is plenty of money to go around for everyone.
Another way that celebrities earn money is by writing a book or having a book about their life written. Depending on how popular the celebrity is they can bring in millions by writing a story about their life, where they grew up and just basic information. These celebrities simply pay a ghostwriter, provide some details and cash in the book deal. The average book deal can rake in millions and the celebrity does not have to do any additional work aside from talking about themselves which is something they love to do.
With all the money these celebrities make aside from their primary job, it is no wonder they can amass a vast fortune in a small amount of time. Equally impressive is how fast these celebrities can squander their wealth by making bad investments, or living a lavish lifestyle. In either case, the celebrity net worth listings is constantly changing so fans need to check back often to see how their favorite celebrity is doing.