Some people believe that famous individuals earn significantly more money compared to other professionals. In this essay, I will highlight the reasons why I agree with this statement.
One of the main reasons is the lucrative nature of advertising for major brands. Large corporations offer substantial sums for celebrities to promote their products and services. With the rise of the internet, advertisements are frequently displayed on social media platforms as posts, reels, or stories, each with its own price tag. Instagram serves as a prime example. Well-known figures such as athletes, singers, and actors often earn far more from advertising than from their primary professions. For instance, Cristiano Ronaldo, a world-renowned football player with over 600 million Instagram followers, makes approximately $90 million annually from advertising, which is five times higher than his football salary.
Another reason is the opportunity to establish a personal brand. Once individuals achieve fame, they often leverage their popularity to promote their own products or services. These ventures are usually successful due to their public appeal. For example, Mr. Beast, the founder of the largest YouTube channel, launched a chocolate brand called “Mr. Beast Chocolate.” It became an instant success, selling over one million bars within a month and generating significant financial profits.
However, fame does not always guarantee financial stability. In some cases, individuals who initially achieved great success have faced financial ruin later in life. Ronaldinho, the world football champion in 2005, is one such example. He was arrested for tax evasion and subsequently struggled with financial difficulties.
In conclusion, fame often brings substantial wealth due to opportunities in advertising and personal branding. Nevertheless, not all famous people are financially secure, as poor decisions or mismanagement can lead to financial difficulties.