black people and money

Who You Marry is An Important Part of Your Wealth-Building Strategy

Who You Marry is An Important Part of Your Wealth-Building Strategy

Many of us love to gaze celebrities and talk about how rich they are.  But while most of us will never be as wealthy as the people we see on TV, your choice of a partner can play a huge role in how your life turns out financially.  This is true for both men and women, since divorce or single parenthood are two of the greatest causes of poverty in America. 

This article by Mary Thorson gives some of the juice about the wealthiest couples, but there is a lesson behind all of this.  Read the article and see if you can figure it out. 

by Mary Thorson

The world has changed a lot since Clark Gable married Carol Lombard. Today’s high-profile celebrity couples are following a path that extends past the altar, or, at least past their introduction as an “item,” to high-powered business deals, product launches, and trademarking family members to maximize revenue sources.

Forbes Magazine compiles lists, like the Celebrity 100, highlighting its choices for the world’s most powerful celebrities. No surprises that Oprah Winfrey, Steven Spielberg, LeBron James, and Donald Trump made the most recent list compiled in June 2013. These folks are doing all right for themselves in the singular.

Being a power couple seems to be where it is at. Beyonce Knowles and Jay-Z top Forbes’ most recent list of The World’s Highest-Paid Celebrity Couples. They are in music performance and production, sports-related ownership and endorsements, apparel lines, and fragrance. They are now trademarking the name of their first born, Blue Ivy, for the purposes of baby goods promotions.

Numbers two through five are not down-and-out. Coming $15 million behind Bey and Jay (it seems that as money increases, names get shorter or get combined, like, ‘Brangelina’), New England Patriots starting quarterback Tom Brady and the world’s highest paid model Gisele Bundchen. They each have their ‘day jobs,’ and they also are heavy into endorsements of products. She is into flip-flops – not just wearing them, but, owning a company that produces them in her home country of Brazil.

Angie and Brad (‘Brangelina’, from before) are third with a combined household of about $50 million. Films are their primary revenue; however, Brad has become one of the faces of Chanel No. 5 fragrance, a spot that has been reserved in past years for female celebrities, most notably the French actress Catherine Deneuve. The fourth couple, Ashton Kutcher and Mila Kunis, has just recently become a $35 million power couple. Ashton shared that spotlight with Demi Moore a while back. And, last, at number five, Kanye West and Kim Kardashian, at $30 million. Like Bey and Jay, they also have produced an heiress, North, who may well become part of the revenue stream in the coming years.

Financial Juneteenth lesson:

Building family is historically used as a method for building wealth.  Investing in the right partner can be rewarding in numerous ways, but investing in the wrong one can be financially devastating.  Find a partner who adds value to your life portfolio, whether they have money or not. 

black people and money

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