From Magic Johnson to Rick Ross to Serena Williams and beyond, celebrities have not been one to shy away from making lucrative moves in the franchise space.
While people like the biggest boss Rick Ross can be associated with his Wingstop takeover, there are a few celebrities who fly under the radar when it comes to their stakes in certain franchises. For example, R&B crooner Chris Brown has somehow managed to keep his position across various Burger King restaurants rather quiet.
Making Boss Moves
When he isn’t raking in the dough from touring or investments in the ever-evolving metaverse through NFT collections, Brown is keeping other assets in tow through other business moves.
In fact, the Virginia native is said to have ownership stakes in a whopping 14 Burger King franchises.
During a 2015 interview with US Weekly, Brown admitted that owning a few fast-food restaurants is one thing that most people don’t know about him. The singer, who was 26-years-old during the time, revealed that he also purchased his mother a $1 million home at the tender age of 15.
Although Brown is said to have made the purchase in the Burger King company nearly six years ago, AfroTech did some digging to determine what it takes for ownership in the franchise.
What Does It Take To Own A Burger King?
According to its franchising website, “Burger King® charges a flat franchise fee of $50,000 USD for a franchise agreement with a term of 20 years.”
For Brown, this was likely no problem with an estimated net worth of $50 million, Celebrity Net Worth estimates.