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For instance, David Letterman is well known for branching into late night television as a talk show host while honing his skills as a stand-up comedian, Barbra Streisand ventured into acting while operating as a singer, and Clint Eastwood achieved even greater fame in Hollywood as a film director and producer than for his acting credentials.

  • For instance, basketball legend Michael Jordan became an active entrepreneur involved with many sports-related ventures including investing a minority stake in the Charlotte Bobcats, Paul Newman started his own salad dressing business after leaving behind a distinguished acting career, and rap musician Birdman started his own record label, clothing line, and an oil business while maintaining a career as a rap artist.

  • A person may attain a celebrity status from having great wealth, their participation in sports or the entertainment industry, their position as a political figure, or even from their connection to another celebrity.

According to American entertainment magnate Master P, entertainers and professional athletes make up less than 1% of all millionaires in the entire world.

  • Other celebrities such as Tyler Perry, George Lucas, and Steven Spielberg have become successful entrepreneurs through starting their own film production companies and running their own movie studios beyond their traditional activities of screenwriting, directing, animating, producing, and acting.

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