I Want to Run Again So I Can Beat Donald Trump Again
Investing in a business to ensure you have a stable income seems like a wise decision — until it isn't. Even celebrities who already have a ton of cash tin can't be careless almost choosing investments if they desire to stay rich. From restaurants to vesture lines, the opportunities are plentiful, merely it takes conscientious planning to avoid embarrassing business disasters.
Depending on your age, y'all probably remember these unforgettable celebrity business concern flops. Think you lot tin can guess who lost the nearly? Let'due south 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 different blazon of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her divergence from the business concern occurred in the same year after she butted heads with the management, who claimed she was responsible for the eatery'due south debt and other financial issues. Fun fact: The restaurant was supposed to exist 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 instance. 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 after its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, especially for the Kardashians' largely young adult fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to take immediate action and terminate the business to protect their reputation.
Kanye West – Pastelle Vesture Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other manner lines, there was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle clothing line in collaboration with Adidas.
In brusque, a lot of drama happened, and according to reports, the investors didn't want to invest a sufficient corporeality of money to get the business concern off the footing. Kanye himself said you need to invest at to the lowest degree $100 million when yous're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known man of affairs, only not many people know about his business failures. 1 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 toll Trump $1 meg per aircraft. Three months later on the launch, i of his planes virtually crashed. The near miss, rise fuel prices and a banking company loan of $380 million made Trump decide it was time to leave his aviation dreams behind and endeavour something else.
Paris Hilton – Dollhouse Collection
It has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business. The Hilton heir has made quite a name for herself, but not every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration betwixt Hilton and the popular vesture label, and absolutely everyone was buzzing most it. The drove basically had Paris' face and proper name on almost every habiliment. Unfortunately, the glory didn't last long, and Paris moved on to other business organisation 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 accessible to 80 million homes. The Oprah Winfrey Network (OWN) was an ambitious thought, with more than than $500 million invested in the project. Unfortunately, her squad failed from the first to understand what people responded to and how they watched cable channels. Low ratings and viewership hitting the network hard.
Own was arguably Oprah's biggest failure, simply unlike other celebrities on our listing, Oprah still hasn't completely given up on her business venture. Who knows? Maybe OWN is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre'due south Eatery
Celebrities take a thing for restaurants, but not all restaurants have a thing for celebs. Madre'due south was inspired by J.Lo's mom and grandmother'south cooking, and information technology started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described it as "a family unit restaurant with a piddling fleck of sexiness to it."
Information technology lasted well-nigh vi years before mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture's about typical dishes, but J.Lo'due south proper name wasn't enough to entice the public. No official reason was e'er given for the decision to shut it down, merely the supposition is poor operation.
Naomi Campbell & Friends – The Fashion Cafe
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 of a glamour-themed cafe chain chosen Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
Information technology had a solid start and good buzz, simply the novelty eventually faded, and it failed to make the necessary profit to stay open up. To top it all off, the business partners got involved in a money laundering scandal, making it clear that it was meliorate for this buffet concatenation to shut its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, just Swoop Eating house wasn't one of them. In 1994, he decided to open up a nautical-themed eating place in Beverly Hills. The place was filled with impressive dive-themed decor and fifty-fifty 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 organisation. In 1999, the restaurant officially shut its doors and became a learning lesson for what non to practise 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 experience. Who wouldn't desire to be strong and tough like Hulk Hogan, right? Although it definitely seemed like a solid business investment idea back in 1995, it didn't piece of work out in the cease.
The card wasn't that different from your standard pasta restaurant carte du jour, autonomously from the fact that it was branded past everyone's favorite wrestling guy. The restaurant shut its doors almost a year subsequently, assuasive the Pastamania name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to plough a profit back in the day. With his focus on real estate, it's not surprising he tried to dip into the mortgage business. The success of this venture was very brusk lived.
Most of the Trump Mortgage failure came downwards to poor timing, as the 2006 recession struck, and the mortgage lending industry began to crumble with the market crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially closed down afterward failing to thrive in the struggling marketplace.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular fellow member of Fall Out Boy, and several other musicians decided it was time to open a nightclub. Wentz claimed he simply wanted a place for him and his friends to hang out. Later, the lodge launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died down after information technology was reported that the New York location got caught serving alcohol to minors and had to shut down in 2012. A few years later, they also airtight the Chicago location — and that was the end of the Autumn Out Boy nightclub.
Jim McMahon – McMahon'southward Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and also thought he could make a name for himself past investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business organisation with some pretty questionable characters whose reputation wasn't pristine among those in the banking concern loan world.
The restaurant was showtime called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business concern partners. According to reports, the eating house participated in some shady concern practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — recollect her part as a invitee judge on season 4 of MasterChef? In 2008, she backed a Los Angeles eating place chosen Beso. The identify was a hot spot for quite some time before endmost its doors in 2011 amidst a ton of drama.
The concern filed for bankruptcy in order to restructure $5.7 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 name, Viva Hollywood, just that restaurant eventually airtight besides.
Jay-Z – J-Hotels
The world's beginning billionaire rapper is no stranger to successful business ventures, just 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'south Chelsea area, but lack of funding and a recession halted the structure.
The recession going on at the time basically made it harder to get the funding needed, and the whole business concern projection was put on hold in 2008. It looks like it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Permit's take a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime time for glory business investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
As a long-term vegan, she felt the need to invest in something she believes in, and she felt a shoe line was definitely the manner to go. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's website disappeared by the end 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 organization ventures and invested in a large café in Atlanta that seated 105 guests.
The carte consisted of loftier-quality dishes that were also considered healthy. Although it seemed like a decent thought and the cafe had big expansion dreams, the success didn't last. Iii years later, Buffet Dupri had to close its doors after struggling to make enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, House of Deréon was a way line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce'south maternal grandmother.
The way mixed the influences of hip hop with high fashion, and although it seemed similar information technology was taking off at start, information technology was ultimately criticized for its loftier prices. In 2008, the line too came nether fire for its ad with little girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal discover.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the style world. The eccentric vocaliser is known for her fashion sense, and so information technology seemed just fair to run into if the residual of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage article of clothing store, with her sister in 2010.
The store'south location was one of the reasons for its failure — London'southward Covent Garden. High real estate prices forced the company to movement to a somewhat cheaper property in Soho, only information technology wasn't enough to save the business, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $vi.2 one thousand thousand. The device was advertised every bit a modern-twenty-four hour period iPod with hullo-resolution music service, simply information technology was criticized for its poor design and loftier price tag ($400).
Three years later, Neil Immature ceased operations and airtight the PonoMusic shop, which sold downloadable music. The reason? Tape companies were charging too much for hi-res music formats, and the business concern couldn't make 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 make. The initial hype of eating amid popular movie props attracted endorsements from some of the biggest Hollywood names, simply it 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 information technology could financially sustain itself and make a turn a profit. This prompted investors like Arnold Schwarzenegger to move on and cutting ties with the business. Planet Hollywood is all the same around simply 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 besides. In 1997, he dabbled in the food industry in an try to make more money, of course. The theme of The Clubhouse was golf, and dissimilar many other glory restaurants, information technology managed to final a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive expect and way of a golf clubhouse that was open to the public. Ironically, information technology opened right across from Planet Hollywood, which was endmost at the time. The business organisation began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the abstraction of Curt Schilling, who had a unlike vision than most sports celebrities. The one-time Red Sox pitcher wanted to endeavor something new, then he launched a video game business organization in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an activeness role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 subsequently just releasing a single game. Despite the business organization' 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 pop producer ventured into the globe 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 visitor in 2013 afterwards it appeared to abandon the deal before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Season Flav'southward Chicken & Ribs
Who doesn't know Flavour Flav? In 2011, the popular rapper decided to combine his honey of fast nutrient with business by opening a eating place in Clinton, Iowa. Although it sounds yummy, the business really didn't last that long. In fact, it'southward one of the shortest examples of business concern failure on the list — 3 months.
The restaurant closed its doors due to a fallout betwixt Flavor Flav and his business organisation partner, Nick Cimino. The two clashed over operations and coin management, leading Flav to decide that fast food really wasn't for him later on all — at least when it came to running a business concern.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent's 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 sympathise the reason behind condoms in the beginning place. His visitor's condoms were laced with chemicals designed to increment the wearer's sexual performance.
The rapper was asked most his failed business venture, and he said, "It just didn't work out because I wanted things in information technology that wouldn't work." P.Due south.: "Processed Store" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome humor she shares with her even more awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, just Lively wasn't a big enough lifestyle effigy to attract much interest.
Celebrity product endorsements are often too expensive for the general public and can besides feel simulated, which raises concerns when it comes to trust. The website was abandoned most a year afterward, and her lifestyle venture was never mentioned once again. That's okay, she'south still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a mode line that failed to connect with its customers and make sufficient profit. It belonged to Heidi Montag, a pop reality telly character who wanted to be known for more than only her dramatic Boob tube roles. She launched Heidiwood in 2007 in collaboration with Anchor Blue Retail.
Although the line looked promising, customers didn't really care for the overpriced items, and her contract wasn't renewed the following yr. She returned to reality TV and is still a prominent figure in the celebrity gossip world, so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the but Hilton making money moves. Back in the 24-hour interval, her sister Nicky Hilton wanted to stay true to her family unit legacy and open a hotel chain 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 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 meet the low-cal of day later on a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list over again, J.Lo's high-cease Sweetface clothing line was yet some other failure in the glory fashion earth. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't be found for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained near high prices too as the quality of the clothes. 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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