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Many of the celebrities these days are looking for alternative ways to channeling their income other than just the showbiz industry which has continued to grow in uncertainty day by day. Here is a list of 10 celeb owned companies that you probably did not know before.

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1. Detroit Venture Partners LP

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Former NBA player Magic Johnson chose a path in venture capitalism by joining hands with fellow like minded people to form what is known as the Detroit Venture Partners LP that has invested in many startups in the USA and has been on the continued growth of its funding.

2. Typo Keyboard- Ryan Seacrest

The new keyboard feature that launched with the launch of the iPhone 6 has been of great help to many people who previously had to deal with the problem of spelling errors and grammatical errors in their typing. This genius product is the idea of a company, Typo Keyboard that is owned by Ryan Seacrest.

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3. A-Grade Investments- Ashton Kutcher

This investment company that has been the major source of funding for several of USA's most successful startups will shock you if you realize that its owner is Ashton Kutcher. The Hollywood actor has managed to maintain a low profile with regards to his ownership of the company.

4. The Honest Company- Jessica Alba

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The Honest Company which focuses on the production of eco-friendly mother and baby products is the creation of Jessica Alba who sought to form a company that will provide mothers and babies with healthy products that will help in their journey of motherhood.

5. Ipsy & Em Cosmetics- Michelle Phan

Is Ipsy & Em your preferred choice of cosmetic products? If so then, you will be shocked to learn that the owner of the company that produces the cosmetics products is YouTube star Michelle Phan who leveraged on her influence on the video sharing platform to catapult the success of her business among women who sought hair products that worked for them.

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6. Queensbridge Venture Partners- Nas

Who said rappers cannot be business moguls, is the clear example of someone who defies all odds as he has gone on to become a major venture capitalist in the USA specifically in New York through his company that he co-owns and runs with a couple of other like-minded individuals.

7. Newman’s Own- Paul Newman

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Oscar winning actor Paul Newman turned a simple occasion of a friend’s birthday into a business for delivering homemade salads and several years later he owns a multi-million company, NEWMAN'S OWN,  that produces more than 100 nutritious products and has a huge following in the USA.

8. Fabletics- Kate Hudson

Actress Kate Hudson's love for good looking outfits that enhanced a woman's experience was the reason behind her desire to start an online commerce business for the sale of outfits that perfectly suited their clients for it is they that source it for the client and thus relieving shoppers the burden of having to check multiple stores.

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9. Goop- Gwyneth Paltrow

What had started as a weekly travel, shopping and health newsletter by the Oscar Award winning actress slowly turned into a multi-million dollar business that now sustains itself and allows Paltrow to focus on her own acting career while her company Goop still continues to grow.

10. Elevation Partners- Bono

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U2 lead singer Bono is the perfect example of celebrities who own venture capitalist firms that no one seems o have no clue about. But even so, Elevation Partners in which Bono is a partner of a company that has net assets of over $1.9 billion.

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