There are plenty of examples of celebrity products that have created additional and sometimes massive wealth for their well-known owners. The Olsen Twins own a billion dollar fashion empire, Jay-Z sold his incredibly popular fashion company and record label for hundreds of millions, and Jessica Alba’s Honest Company is valued at more than $1 billion, giving her a net worth north of $350 million.
While many celebrities have turned their name recognition into massive business success, there are many stories of celebrities who launched products that completely failed in spectacular fashion.
Remember Hulk Hogan’s Pastamania or Brittney Spears’ Nyla restaurant? Either do we — but they existed, failed to gain mass approval — or any approval for that matter — and quickly vanished.
Here are 14 celebrity-owned companies that failed in spectacular fashion.
Pastamania (Hulk Hogan)
In 1995 WWF (now WWE) wrestler Hulk Hogan decided to branch out into the Italian food business. He started the Hulk inspired restaurant brand “Pastamania.” The restaurant didn’t even last a year. Maybe it was the sub-par food, maybe it was its Minnesota location, in any case its gone forever.