17th September, 2008
Celebrity stock porftolios plunge 35% due to financial crisis
With financial institutions continuing to fail on Wall Street, Hollywood has experienced what one economist called "The worst crisis ever for Hollywood star wealth."
According to statistics obtained exclusively by Dateline Hollywood, the average A-list Hollywood star stock portfolio has fallen 35% this week, with some stars losing as much as 72% of their wealth.
Amongst stars who have lost huge amounts of money:
-Angelina Jolie and Brad Pitt saw their portfolio decline by 26%. Sources say that will force them to return at least one adopted child to its birth parents
-Kevin Federine's stocks plunged by 54%, bringing his total net worth down to $43.70
-Ashton Kutcher's investments plummeted by a whopping 72%, though financial experts cautioned that most of the drop was unrelated to the Wall Street crisis and had to do with his decision to put all his money in a company that specializes in magic beans.
"This is the most devastating news yet for the American economy," said Navid Pring, chief Hollywood star economist at Goldman Sachs. "If celebrities aren't buying new products, entire shopping guides in Us Weekly and on The Oprah Winfrey Show could be cancelled. E!'s style experts will have no new Hollywood star clothing to mock. We'll be feeling the impact of this crisis for at least a year."
Tags: angelina jolie, ashton kutcher, brad pitt, hollywood, lost, oprah winfrey, parents, photos, stylePosted at 4:19 pm | Comment (0)