Alex Rodriguez and Jennifer Lopez are major players in sports, Hollywood, music—and investing. What does the A-list breakup mean for fortunes?
Alex Rodriguez and Jennifer Lopez have officially called it quits, splitting up one of the world’s richest power-couples. The pair, who started dating in 2017 and got engaged two years later, wielded a pop-culture and commercial influence that rivaled other dynamic duos like Jay-Z and Beyoncé and (while they were still together) Kanye West and Kim Kardashian.
J. Lo, 51, is one of America’s wealthiest self-made women with a net worth of more than $150 million from her music, film and endorsements. Over her decades-long career, she appeared in nearly 30 films, has dropped eight studio albums, staged a series of world tours (her 2019 tour with stops in Egypt, Israel and Russia grossed $55 million) and earned money from a Las Vegas residency. She has also pulled in millions a year from endorsements from such brands as Versace and DSW.
A-Rod, 45, one of the top-earning athletes ever, has amassed a fortune of at least $400 million based on Forbes estimates. Rodriguez has used his star power, network of billionaire business leaders, and roughly $130 million in take-home pay (after deducting taxes, fees and A-list spending and before compounded interest) to build A-Rod Corp—a sprawling portfolio with stakes in tech startups, trophy high-rises, construction firms, hospitality companies and thousands of multi-family homes. “I came from very little,” says Rodriguez, whose family was often pushed out of apartments by rising rents. “I remember as a young boy, getting down to my knees and praying that one day, I would trade places with the landlord.”
Together the celebrity duo had started investing their astronomic earnings into a branding, real estate and investment empire that, if the relationship had held, could have made them America’s latest billion-dollar power couple. “Alex made me realize as an artist, I was a scarce asset and the business world was searching for people like us so they can build billion-dollar businesses,” Lopez told Forbes in December. “He got me comfortable with investing my own money into other companies and into myself.” That includes skin care line, JLo Beauty, which launched in January online and at Sephora.
Read the full profile on Forbes: https://www.forbes.com/sites/maneetahuja/2021/04/16/inside-the-half-billion-dollar-fortune-of-a-rod-and-j-lo-how-the-breakup-will-affect-their-business-empires/?sh=38024af97177
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Inside The Half Billion Dollar Fortune Of A-Rod And J.Lo | Forbes