Vince Vaughn’s Rental Real Estate Portfolio Has Allowed Him To Weather Hollywood. Here’s How He Invested His Money
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
If anyone appears to have ridden the highs and lows of Hollywood, emerging relatively unscathed, it’s Vince Vaughn. Part of the comedy Frat Pack and the star of classic movies such as “Wedding Crashers” and “Old School,” Vaughn was box office gold for a decade during the late 90s and early 2000s. Despite the inevitable career downturn, Vaughn has returned in recent years with new movies, TV shows, a cheery equanimity, a successful 15-year marriage and two teenage kids. He credits his real estate investments for his smooth ride in a notoriously turbulent arena.
“I got involved in property young. I was fortunate to make money at my profession and I didn’t want to lose it,” he told business coach JT Foxx. “There were so many actors I knew who were intimidated. I thought I wanted tangible assets. First, I bought some gold. There’s no passive income off it, so I started to buy some small buildings that I could rent out. I knew the buildings would go up in price and I’d have some money coming in passively from it.”
Don’t Miss:
Vaughn explained that he invested deeply in the Florida real estate market, which helped boost his cash flow and equity. After 30 years in Hollywood, according to Celebrity Net Worth, Vince Vaughn is worth $75 million. It turns out real estate is in the Vaughn blood. His mother, Sharon, was a stockbroker and real estate agent who, according to “Bloomberg Wealth Manager,” was once ranked as one of the top money managers in America. According to People, Vaughn’s wife, Kayla Weber, was a residential real estate agent in Canada before meeting the actor.
Between his wife and mother, Vaughn has plenty of sound advice to call on when making his real estate investments. In addition to owning rental properties, the actor, whose Bad Monkey series has just been renewed for a second season with Apple TV, was also highly active in buying and selling luxury Californian real estate. Here are some of his high-priced deals:
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
-
In 2006, he bought a 12,000-square-foot Chicago penthouse from Playboy chief Hugh Hefner. He later split the properties, selling the 35th floor for $4.1 million and the 36th and 37th floors for $8.5 million. The town house was listed for rent at $9,500/month before the sale, according to Today.
