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Wednesday, July 8, 2009

Forbes: Eight Celebrity Business Bombs


Guess who tops the list?

Jay-Z's 40/40 Club. I actually would've thought it did well! But 40/40 closed its doors last year after a lack of a following. Jay took a couple losses this year. Rocafella and Rocawear lost millions, as well as RocNation. DAMN. Just further proves that no matter how much you have or how powerful you THINK your name is...SAVE YOUR MONEY.

Other celebrities that made the list with their failed businesses:

1. Britney Spears - NYLA (restaurant)

2. Michael Vick - The Tasting Room (restaurant/wine shop)

3. Victoria Beckham - dVb Jeans (clothing line)

4. Usher - The Grape (restaurant)

5. Kim Basinger - The town of Braselton, GA (no really, she bought the whole damn town for 20 million dollars, SMH)

6. Jennifer Lopez - Madres (restaurant)

7. Lauren Conrad - The Lauren Conrad Collection (clothing line)