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Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) - Celebrities - Nairaland

Nairaland ForumEntertainmentCelebritiesWhy Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) (17041 Views)

Poll: Why do you think some Nigerian celebrities go broke?

Extravagant lifestyle and spendings 39% (54 votes)
No capital investment and personal development 49% (68 votes)
Investment gone bad 5% (8 votes)
Not differentiating between seed and fruits 5% (8 votes)
This poll has ended

1 2 3 Reply (Go Down)

Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by WiseBizInvestor(op): 2:59pm On Mar 17
hy Some Nigerian Celebrities Go Broke After Fame (And The Ones Who Don’t)


We’ve seen this 👇story too many times.

👉A celebrity rises quickly.

👉hit songs

👉endorsement deals

👉luxury cars

👉expensive houses


Then years later, the same person quietly disappears from the spotlight.


Why does this happen?🤷‍♂️


One reason is that fame often brings high income but not always sustainable assets.

Many entertainers earn money from performance, endorsements, and brand deals. But those incomes depend heavily on relevance and public attention.

Once the spotlight moves elsewhere, the income can slow down drastically.


Interestingly, some celebrities around the world handle this differently. They quietly invest in long-term productive assets that continue generating income even when their public careers slow down.

Examples include:

👉vineyards

👉farms

👉ranches

👉production companies


These types of investments are less glamorous but often more stable over time.

It’s the difference between earning money and building assets.

Some Nigerian entertainers have started exploring agriculture and agro-investments in recent years.

Maybe they understand something important:

Fame can fade.

But productive assets can continue working for decades.[color=#000099][/color]
What do you think?

Should more celebrities start investing in sectors like agriculture and food production instead of only real estate and luxury assets?

Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by ednut1(m): 5:40pm On Mar 17
So you had to use a fake picture of taye taiwo?. This is taye taiwo in December

Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by OpSystem(m): 5:41pm On Mar 17
How true is your Taye Taiwo narration?
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by helinues: 5:41pm On Mar 17
It's a bit complicated.. Honestly

Having money without fame is still maintaining as it means you know what you are doing

But you see money with fame for people who are unprepared, the euphoria always let them get carried away. They see themselves as if they have arrived, they don't need anyone's input in critical decisions.

Oritse Femi is a good reference. With such fame , money unexpected, you still go wasted money on lavish wedding on Olosho. Hahah he no try
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Arostar2023: 5:42pm On Mar 17
Wait oO! Is that Runtown true state now shocked

ednut1:
So you had to use a fake picture of taye taiwo?
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by obicoolnino: 5:42pm On Mar 17
Na wa o...long term planning is the best regardless of fame or not
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by zuby4real10(m): 5:42pm On Mar 17
Majority of them lived fake life (spending recklessly without investing) during their fame period.
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Kaymansion(m): 5:42pm On Mar 17
shocked Time is for everything

May a good time be our portion
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by adamkkk: 5:43pm On Mar 17
Remove Runtown photo from there... D other guy is not Runtown
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Jorussia(m): 5:43pm On Mar 17
ednut1:
So you had to use a fake picture of taye taiwo?
The thing tire me.can anyone corroborate the recent photo of run town?
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by kingsavage: 5:43pm On Mar 17
Nor be runtown be the second picture?
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Lexsigno: 5:43pm On Mar 17
So Cynthia Morgan is this ugly grin grin grin grin
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by baike: 5:44pm On Mar 17
I can't believe that's runtown current state cry
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Caaz:
We all must age,so stop the age shaming.



Runtown and taye's after pictures look disheartening....
This cyntia morgan

Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Nobody: 5:44pm On Mar 17
Na lie. He's far from broke, but Cynthia Morgan lives in a rented flat in Benin. I doubt if she has up to 50k in her account
OpSystem:
How true is your Taye Taiwo narration?
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by GABRIEL6036: 5:45pm On Mar 17
They always spend lavishly thinking life is smooth and nothing can make them go down but unfortunately life happens to them in the end 😕.
1. Lack of financial planning
2. Buying expensive stuff beyond their pay grades 🙄 😒 Lord!
3. Neglecting who was there for them before fame and finally
4. Family control.
Add yours...
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by shadrach77: 5:47pm On Mar 17
Baba Ajasco left the group cheesy
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Angelfrost(m):
You were making sense till you decided to use fake images for Taye Taiwo and Runtown.

...John Dumelo is doing far better financially as an agro businessman and politician than he ever did as an actor.

You just couldn't resist the temptation to be needlessly sensational.

If those people sue you now, how you go do?!!

Naija bloggers, make una dey try use una brain na!
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Jorussia(m): 5:48pm On Mar 17
Leilanjleeane:
Na lie. He's far from broke
Because somebody decides to be avoid spotlight doesn't mean he/she is broke.You can't Play football at the level of Taye Taiwo and ever become poor.If na only to dey build houses during for rent during your playing career is more than enough for them.
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by ned009(m): 5:49pm On Mar 17
[quote author=WiseBizInvestor post=138799366]hy Some Nigerian Celebrities Go Broke After Fame (And The Ones Who Don’t)


We’ve seen this 👇story too many times.

👉A celebrity rises quickly.

👉hit songs

👉endorsement deals

👉luxury cars

👉expensive houses


Then years later, the same person quietly disappears from the spotlight.


Why does this happen?🤷‍♂️


One reason is that fame often brings high income but not always sustainable assets.

Many entertainers earn money from performance, endorsements, and brand deals. But those incomes depend heavily on relevance and public attention.

Once the spotlight moves elsewhere, the income can slow down drastically.


Interestingly, some celebrities around the world handle this differently. They quietly invest in long-term productive assets that continue generating income even when their public careers slow down.

Examples include:

👉vineyards

👉farms

👉ranches

👉production companies


These types of investments are less glamorous but often more stable over time.

It’s the difference between earning money and building assets.

Some Nigerian entertainers have started exploring agriculture and agro-investments in recent years.

Maybe they understand something important:

Fame can fade.

But productive assets can continue working for decades.[color=#000099][/color]
What do you think?

Should more celebrities start investing in sectors like agriculture and food production instead of only real estate and luxury assets?[/quote

Taiye Taiwo isn't broke, run town isn't either
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Maj196(m): 5:49pm On Mar 17
Wait is that Runtown for real
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Mufasha101: 5:49pm On Mar 17
helinues:
It's a bit complicated.. Honestly

Having money without fame is still maintaining as it means you know what you are doing

But you see money with fame for people who are unprepared, the euphoria always let them get carried away. They see themselves as if they have arrived, they don't need anyone's input in critical decisions.

Oritse Femi is a good reference. With such fame , money unexpected, you still go wasted money on lavish wedding on Olosho. Hahah he no try
BROS NO VEX NA BUSINESS BABA DO, SHEBI THEM COLLECT GATE FEE FOR WEDDING RECEPTION
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Bosman17: 5:50pm On Mar 17
OpSystem:
How true is your Taye Taiwo narration?
Very false! He’s not doing badly!
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Helinuse: 5:50pm On Mar 17
Just imagine the future of people like

- Carter Efe
- Peller
- Sabinus
Etc

People who make money out of fooling themselves in the name of “comedy.”
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by phr0nesis(m): 5:51pm On Mar 17
ednut1:
So you had to use a fake picture of taye taiwo?. This is taye taiwo in December
Runtown's pic is fake too
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Henix(m): 5:51pm On Mar 17
Arostar2023:
Wait oO! Is that Runtown true state now shocked
Fake picture, that picture can't be Runtown
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Natbrowny: 5:51pm On Mar 17
U had to put John Dumelo to fit ur classless narrative. Guy ventured into farming. Making cool box.

U think fame pays everybody
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by Maria96: 5:52pm On Mar 17
Maj196:
Wait is that Runtown for real
runtown still has 3m monthly listeners on Spotify. He is not broke. The picture is also fake
Re: Why Some Nigerian Celebrities Go Broke After Fame (and The Ones Who Don’t) by BewareOf419: 5:55pm On Mar 17
Probably they don't renew their jazz.. Once you renew your jazz, you no go come down!
1 2 3 Reply

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