Some do. Some, like Shaq or Ryan Reynolds (or Kanye) use their money to invest in other companies. Ryan Reynolds coming out and saying Nazi shit would probably be bad for Mint, just like Ye’s controversy was bad for Yeezy, just like Elon’s controversy is bad for Tesla.
Kanye lost about 2/3rds of his net worth over night because Nike dropped the Yeezy brand. Being a partial owner of a niche brand is in no way comparable to someone like Musk who has controling interest in multiple market leading companies. Celebrity status can be leveraged to get a minority stake in a company, but minority owners can be forced out just as easily.
Some do. Some, like Shaq or Ryan Reynolds (or Kanye) use their money to invest in other companies. Ryan Reynolds coming out and saying Nazi shit would probably be bad for Mint, just like Ye’s controversy was bad for Yeezy, just like Elon’s controversy is bad for Tesla.
Kanye lost about 2/3rds of his net worth over night because Nike dropped the Yeezy brand. Being a partial owner of a niche brand is in no way comparable to someone like Musk who has controling interest in multiple market leading companies. Celebrity status can be leveraged to get a minority stake in a company, but minority owners can be forced out just as easily.
Reynolds sold Mint. They are now owned by one of the big 2