Some celebrities may come and go but not Jennifer Lopez. Hers is a stardom that never fades. She arguably rose to fame after starring in the biopic Selena. Since then, she’s taken Hollywood by storm. Even today, J Lo continues to be the top searched Grammy’s star. Moreover, she’s even credited for bringing Google Images to life.
Today estimates indicate that Jennifer Lopez is worth a cool $400 million and we’ve learned how she likes to spend her earnings.
Here’s How She Earned Her $400 Million Net Worth
It’s safe to say that Jennifer Lopez hasn’t stopped working ever since she found herself in the Hollywood spotlight. After Selena, she went on to star in films such as Anaconda, Out of Sight, and even the animation film Antz. Just a few years later, Jennifer Lopez also appeared in several romantic comedies, such as The Wedding Planner, Maid in Manhattan, Shall We Dance, Monster-in-Law, and The Back-up Plan. More recently, she starred in the film Hustlers.
Aside from films, Lopez also pursued television projects, doing a cameo in Will & Grace and starring in the television series Shades of Blue. In addition, Lopez has also served as a judge on both American Idol and World of Dance. Behind the scenes, Jennifer Lopez has also served as an executive producer for various television shows, including World of Dance.
Despite all her film and television projects, Lopez’s music career continues to flourish. In fact, according to Forbes, her world tour in 2019, which included stops in Russia, Israel, and Egypt, grossed $55 million. At the same time, Jennifer Lopez also raked in millions through various endorsement deals. These include the fashion brands such as Versace, Coach, and the shoe chain DSW. In addition, Lopez has also had a long-term partnership with Designer Parfums, a fragrance company that she collaborated with for her fragrance brand Glow.
Jennifer Lopez Has Always Had An Eye For Luxury
After all the work she’s done, it’s only right that Lopez splurges with some of her hard-earned money. As it turns out, the actress/singer has a taste for finer things, especially when it comes to home. For starters, Jennifer Lopez owns a penthouse in Manhattan that she’s been trying to offload for nearly three years now. According to Variety, the place was initially listed at $26.95 million. Today, its asking price is just under $25 million.
Aside from this, Jennifer Lopez also picked up a beach house at the Hamptons in 2011, which came with a list price of $17,995,000. With 15,037 square feet of space, the home comes with seven bedrooms and 9.5 bathrooms. In addition, Lopez reportedly splurged nearly $1.4 million on a home in Encino. This is presumably for family, friends, or staff.
Meanwhile, Lopez’s primary residence had been Bel-Air mansion that she bought from actress Sela Ward for $28 million. However, since Jennifer Lopez and fiancé, Alex A-Rod Rodriguez had gotten together, the couple had also made several real estate investments. These include a Park Avenue condo that they bought for $15.3 million then sold for $15.75 million. They also acquired Jeremy Piven’s Malibu home for $6.6 million and flipped it with the help of home improvement expert Joanna Gaines. Now the home is listed for nearly $8 million.
She’s Used Her Money To Make Savvy Investments Too
Aside from buying and flipping luxury homes, Jennifer Lopez also co-founded the production outfit Nuyorican Productions, alongside Elaine Goldsmith-Thomas. The company was behind Lopez’s most recent film, Hustlers. Nuyorican Productions is also involved in the upcoming film Marry Me, which stars Lopez, Maluma, Owen Wilson, and Sarah Silverman.
In addition, Jennifer Lopez has also expanded her investment portfolio across various industries. Back in 2017, Lopez was among the celebrities that contributed to the $15 million Series B funding for competitive gaming team, NRG eSports. Since then, she’s also invested in the yoga startup Sarva, which has several yoga studios in India. Meanwhile, Lopez also served as a seed investor for Rodriguez’s very own fitness chain TruFusion. And in 2019, Lopez also invested in the fintech company Acorns.
In recent years, Jennifer Lopez also grew her investment portfolio in partnership with her fiancé. Just last September, it was announced that both Lopez and Rodriguez have become minority owners of Kitu Life, Inc, the company responsible for the sugar-free coffee line, Super Coffee. The brand was first discovered by Rodriguez when he served as a guest judge in the investment show Shark Tank. Super Coffee is now valued at more than $240 million.
Aside from growing their investment portfolios, the couple also attempted to acquire the New York Mets recently. The bidding group led by Rodriguez and Lopez reportedly presented an offer as high as $2.3 billion, according to CNBC. In contrast, hedge fund manager Steven Cohen made a bid of $2.6 billion in late 2019. And because $2.3 billion had been Jennifer Lopez and Rodriguez’s price ceiling, the group decided to withdraw their bid in the end.
Since losing out on this investment opportunity, Jennifer Lopez has expressed her frustration on social media. “We worked so hard the past 6 months with the dream of becoming the first minority couple and the first woman owner to buy her father’s favorite Major League Baseball team with her own hard-earned money,” she wrote on Instagram. “We still haven’t given up!!”