Frich Insights: Celebrities and Billionaires🌟
52% of Frichies said they'd buy real estate with their newfound wealth. 25% would give it to charity and 23% would invest it! What did you answer?
More than half of Frichies share a common goal - owning a home to call their own. If you share the same goal, ensure you make a detailed financial plan towards achieving this - it's never too early to start thinking about your financial future! However, if you don't suddenly inherit millions of dollars (like most of us!), a great way to build the wealth needed to own a home is to invest. Check out our Beginner’s Guide to Investing course here!
Most users assumed that Billie’s music streams made her more money, but in reality her H&M collab is the main money-maker! In 2020 she collaborated with H&M to produce a merch collection made from sustainably sourced materials.
The takeaway from this? It's important to diversify your investments (of time and money!) and where possible - add multiple sources of income. With summer officially over, maybe now's the time to pick up a new side hustle? Check out Frich's hub that will help you find ways to monetize your skills!
If you guessed 50%, that's the right answer! Rihanna owns half of Fenty Beauty and the other half is owned by LVMH, the French luxury conglomerate that owns Louis Vuitton, Dior, and other luxury brands.
Aside of her music (obviously) and beauty brand, Savage x Fenty, the singer’s lingerie brand in which she holds a 30% ownership stake, also contributes heavily to her financial success.
This is your sign to be more like Rihanna and Billie Eilish, and pick up a side hustle!