Bangalore: Celebrities are all about making the ‘moolah.’ They earn big bucks for tons of brands and are money makers for dozens of companies. But what happens when celebs try their hands at investments? There are several instances when celebrity investments have gone sour. Larry Getlen of Bankrate.com lists such celebs -

1. Jay-Z

Jay-Z is undoubtedly among the top hip-hop kings of the American music industry. His investments have earned him millions of dollars, especially in apparel and touring. Still, he too is not immune to making investment mistakes. The hotel industry does not seem to be his cup of tea.

The Hiccup: Jay-Z's firm bought a property in the Chelsea neighborhood, New York in the year 2007. This lavish hotel was estimated to be nearly 150,000 square feet in area. However, construction work came to a grinding halt in the year 2008 as recession had led to insufficient funds. Jay-Z’ company had defaulted on a loan of $52 million and so he had to return the property to the lenders. This also led to a legal war between the 2 parties. However, the matter was settled out of court in December 2010 for an undisclosed amount.