Who Is Going To Clean Your Toilet Donald Trump
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 about choosing investments if they desire to stay rich. From restaurants to clothing lines, the opportunities are plentiful, only information technology takes careful planning to avoid embarrassing business disasters.
Depending on your age, y'all probably remember these unforgettable celebrity business flops. Think you lot can guess who lost the nigh? Let's have a await!
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 Metropolis.
Her departure from the business occurred in the same year subsequently she butted heads with the direction, who claimed she was responsible for the restaurant'southward debt and other financial issues. 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 moguls, just not all their business ventures accept been a success. Take the Kardashian Kard, for example. In 2022, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business failed a calendar month after its launch when the legality of certain fees raised concerns.
An attorney claimed the loftier fees were unfair and unethical, especially for the Kardashians' largely young adult fanbase. Many reputable websites took annotation of the "Kardashian Kard ripoff," which prompted the Kardashian family unit'due south chaser to take immediate action and cease the concern to protect their reputation.
Kanye West – Pastelle Clothing 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 amount of coin to become the business off the ground. Kanye himself said yous demand to invest at least $100 million when you're making a new brand, and it conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, merely non many people know about his business failures. Ane of those ballsy failures was a very ambitious airline. Back in 1988, Donald Trump introduced his own 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 cost Trump $1 million per aircraft. Three months after the launch, one of his planes almost crashed. The most miss, rising fuel prices and a bank loan of $380 million made Trump decide it was time to exit his aviation dreams behind and effort 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 fabricated quite a proper noun for herself, but not every idea resulted in cash in the banking concern. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the pop article of clothing characterization, and absolutely everyone was buzzing about information technology. The collection basically had Paris' face and proper noun on almost every article of clothing. Unfortunately, the glory didn't concluding long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – OWN
In 2022, Oprah was the talk of the town when she decided to operate a cablevision channel accessible to fourscore 1000000 homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than $500 million invested in the projection. Unfortunately, her squad failed from the beginning to sympathise what people responded to and how they watched cable channels. Low ratings and viewership hit the network hard.
OWN was arguably Oprah'due south biggest failure, merely unlike other celebrities on our listing, Oprah notwithstanding 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'southward Eatery
Celebrities take a affair for restaurants, but non all restaurants have a affair for celebs. Madre'south was inspired by J.Lo's mom and grandmother's cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described information technology as "a family restaurant with a petty scrap of sexiness to it."
It lasted virtually six years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the civilisation'south most typical dishes, merely J.Lo's name wasn't enough to entice the public. No official reason was e'er given for the decision to close it downwardly, but the assumption is poor performance.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided it was fourth dimension to bask some passive income in the form of business ventures. In 1995, she became the face of a glamour-themed cafe chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and practiced buzz, but the novelty eventually faded, and it failed to make the necessary turn a profit to stay open. To height information technology all off, the business partners got involved in a money laundering scandal, making it clear that it was improve for this cafe chain to shut its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, merely Swoop Restaurant wasn't one of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The place was filled with impressive dive-themed decor and even featured a simulated diving session experience.
That nonetheless wasn't enough to charm the enervating 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 organization. In 1999, the restaurant officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its acme, Hulk Hogan decided to innovate Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to exist strong and tough like Hulk Hogan, correct? Although information technology definitely seemed similar a solid business concern investment idea back in 1995, it didn't work out in the cease.
The bill of fare wasn't that unlike from your standard pasta eating place menu, autonomously from the fact that it was branded by anybody's favorite wrestling guy. The eatery shut its doors near a year later, allowing the Pastamania proper noun to exist 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 turn a turn a profit back in the solar day. With his focus on existent estate, it's not surprising he tried to dip into the mortgage business organisation. The success of this venture was very short lived.
Virtually 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 market crash. Everything was questioned, including the CEO's groundwork. In 2007, Trump Mortgage officially closed downwards afterwards failing to thrive in the struggling market.
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 just wanted a place for him and his friends to hang out. After, the lodge launched in several other locations, including Chicago.
The hype of the celebrity-endemic nightclub died downward after it was reported that the New York location got caught serving alcohol to minors and had to shut down in 2022. A few years after, they also closed the Chicago location — and that was the cease of the Fall Out Boy nightclub.
Jim McMahon – McMahon'southward Steakhouse
Ex-Chicago Bear Jim McMahon fabricated a name for himself in the NFL in the '90s and too thought he could brand a proper noun for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into concern with some pretty questionable characters whose reputation wasn't pristine amid those in the bank loan world.
The eating house was commencement chosen Chicago Stadium, but the owners of the Chicago Stadium chop-chop sued McMahon and his other business partners. According to reports, the restaurant participated in some shady business practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her office as a guest gauge on season four of MasterChef? In 2008, she backed a Los Angeles eating place chosen Beso. The place was a hot spot for quite some time earlier closing its doors in 2022 amidst a ton of drama.
The business filed for bankruptcy in order to restructure $v.seven million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, merely that restaurant eventually airtight as well.
Jay-Z – J-Hotels
The world'southward get-go billionaire rapper is no stranger to successful business ventures, but the idea that "the heaven is the limit" definitely doesn't utilise here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan's Chelsea area, but lack of funding and a recession halted the construction.
The recession going on at the fourth dimension basically made it harder to get the funding needed, and the whole business project was put on concur in 2008. It looks like it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's take a break from restaurants and hotels for a while and become to 2008, which really seemed to be a prime number time for celebrity business investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
Equally 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 toll 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 endeavor other business ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were besides considered healthy. Although it seemed similar a decent thought and the cafe had large expansion dreams, the success didn't final. Three years afterward, Cafe Dupri had to shut its doors after struggling to make enough profit.
Beyonce – House of Deréon
That'southward 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 proper noun paid tribute to Beyonce's maternal grandmother.
The style mixed the influences of hip hop with high manner, and although it seemed like it was taking off at outset, information technology was ultimately criticized for its high prices. In 2008, the line also came under fire for its ad with piddling girls wearing full makeup and high heels. The star discontinued the line in 2022 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen besides tried to dabble in the fashion world. The eccentric singer is known for her way sense, so it seemed only fair to see if the residual of the world (or at least London) would catch on to her await. She opened Lucy in Disguise, a vintage clothing store, with her sister in 2022.
The store's location was one of the reasons for its failure — London's Covent Garden. High existent estate prices forced the company to move to a somewhat cheaper belongings in Soho, simply information technology wasn't enough to relieve the business organization, and it ceased operations in 2022.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern concern venture launched past Neil Young in 2022. Information technology was really successfully crowdfunded via the popular platform Kickstarter, where it raised $vi.2 million. The device was advertised as a mod-twenty-four hours iPod with hi-resolution music service, but it was criticized for its poor design and loftier price tag ($400).
3 years later, Neil Immature ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Tape companies were charging too much for hi-res music formats, and the business organisation 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 than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the make. The initial hype of eating among pop picture props attracted endorsements from some of the biggest Hollywood names, merely it wasn't all sunshine and rainbows.
The business organization filed for bankruptcy 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 cut ties with the business organisation. Planet Hollywood is yet around but 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 make more money, of class. The theme of The Clubhouse was golf, and unlike many other glory restaurants, it managed to last a surprisingly long fourth dimension.
Based in Costa Mesa, California, information technology featured the sectional await and fashion of a golf clubhouse that was open to the public. Ironically, information technology opened right across from Planet Hollywood, which was closing at the time. The business concern began to fail in 2007.
Curt Schilling – 38 Studios
A unique business organization venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a different vision than most sports celebrities. The former Ruby Sox pitcher wanted to attempt something new, so he launched a video game business in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an activity role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2022 subsequently but releasing a unmarried game. Despite the business' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams ever had big visions and a practiced ear for music, but in 2022, 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 2022 after it appeared to abandon the deal before the contract was over. The potable wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Season Flav'southward Chicken & Ribs
Who doesn't know Flavor Flav? In 2022, the popular rapper decided to combine his love of fast food with business organization past opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business organization really didn't final that long. In fact, it'south one of the shortest examples of business failure on the list — three months.
The eatery airtight its doors due to a fallout between Flavor Flav and his concern partner, Nick Cimino. The two clashed over operations and money management, leading Flav to determine 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 l Cent's attempt at a unique business venture — in condoms. Yes, y'all read that right. In 2008, the rapper created a line of condoms, but he apparently failed to understand the reason backside condoms in the showtime identify. His company'due south condoms were laced with chemicals designed to increment the wearer's sexual performance.
The rapper was asked nearly his failed concern venture, and he said, "It but didn't piece of work out because I wanted things in it that wouldn't work." P.S.: "Processed Shop" lyrics were written style earlier the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of sense of humour she shares with her even more awesome husband. In 2022, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, merely Lively wasn't a big enough lifestyle figure to concenter much interest.
Glory product endorsements are often too expensive for the general public and can also feel fake, which raises concerns when information technology comes to trust. The website was abandoned about a year later, and her lifestyle venture was never mentioned again. That's okay, she'due south still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and make sufficient turn a profit. It belonged to Heidi Montag, a popular reality goggle box grapheme who wanted to be known for more than just her dramatic Goggle box 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 year. 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 only Hilton making money moves. Dorsum in the twenty-four hours, her sis Nicky Hilton wanted to stay true to her family legacy and open 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 design a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of entertainment with luxury and design. However, the project failed to see the light of day after a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo's high-stop Sweetface clothing line was notwithstanding another failure in the glory fashion globe. 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 downwards the street — co-ordinate to shoppers' feedback.
Customers complained about high prices equally well as the quality of the clothes. Negative feedback and poor sales forced Kohl'southward to completely stop the line's product in 2009. Fun fact: Sweetface was J.Lo's 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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