Reply to Are most celebrities (particularly actors) good with their finances?

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[quote=Anonymous]I think male celebrities tend to be worse with their money. Look at Johnny Depp. Thought he would always be Hollywood’s darling and blew it all on yachts, lavish parties, impressing women. When you’re young and at the top of your game, you think the money will always come in. Eventually you get old, have a scandal or two, and find that nobody wants to watch you anymore.

Women tend to be smarter because they 1. Realize there is a ticking time limit, and their roles will drastically decrease by age 40 and 2. They often step back when they have kids to focus on family. So they start up other businesses that don’t rely on their constant presence. Rihanna, Lady Gaga, Kylie, Selena, JLo all have cosmetic companies. Jessica Alba has Honest, Gwenyth has Goop, Reese has Draper, Drew Barrymore has multiple businesses.

Women also don’t have a second, smaller head that makes them make dumb financial decisions to get laid.

The odd male celebrity will perhaps start a liquor or wine brand, but it’s not as common. [/quote]

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