Ashton Kutcher may have already made millions as one of the most sought-after actors in Hollywood, but he prefers to live a simple life rather than showing off his riches through luxury cars and expensive homes like most celebrities Instead, he uses Uber and Lyft to get around.
If you’re an Uber driver in California, you might be lucky enough to pick up Ashton Kutcher one day to drop him off at Warner Bros or at a fancy restaurant for a lunch meeting with his business partner. You’ll also find him spending his wealth on his business ventures, which, in return, earn more millions for him. Let us uncover how Kutcher multiplies his wealth by investing in startup companies.
The Venture
Five years ago, Kutcher and his business partner, Guy Oseary, decided to invest half a million dollars in the famous ride-hailing company, Uber. Their initial investment grew exponentially and is now worth over a hundred times more! Aside from Uber, both business partners also invest in a myriad of tech companies like Airbnb, Pinterest, Shazam, Spotify, as well as Warby Parker. With their robust portfolios, the investment managers say Kutcher and Oseary already have massive wealth empires.
While the power capitalist duo is still enjoying their fame and glitz in the showbiz industry, Liberty Media also gave them an astounding $100 million to establish a new startup company named Sound Ventures.
To add to this, they’re also tasked with investing in other startup companies like Pager – a doctor-on-demand firm, as well as OpenGov – a company that aims to provide transparency in government documents and transactions.
Stunning Figures
True enough, the duo didn’t disappoint when they reported impressive profit figures from their investment. The couple recently opened up about their books in an interview with Forbes, where they said that their initial $30 million funding had grown into a whopping $200 million! According to Marc Andreessen, you’re already considered as the best VC’s if you manage to multiply your ROI by three folds.
While achieving profit five times greater than your initial investment is regarded as a home run, earning 8x your capital is serious ingenuity. The other investors also echoed the same sentiments and expressed their admiration for the duo. According to them, both Kutcher and Oseary are smart when it comes to making investments.
The Successful Journey
Meanwhile, Kutcher says his careful money management stems from his childhood experience. Since he lived an average life with his parents, he learned to be more frugal followed his instincts when it came to making hard decisions.
Kutcher remembered how he worked in construction with his father at the age of 10. He also had a few part-time jobs while studying in high school to earn money. He dropped out of college when he won a modeling competition in order to pursue a career in acting.
