The entrepreneurial failures of famous Spaniards

Increasingly they are Famous who decide to start a business. soccer players, film and music stars, influencers… However, the error rate in their projects is quite high, which is attributed to them bad business education and even bad advice from those closest to you.

In this context, there are many celebrities who close their shop shortly after opening, between big events and publications on social networks. Business management is the star’s main failing, who often turn to family or close friends to take over the running of their businesses, which usually doesn’t go well, it is pointed out this report from El País.

The entrepreneurial failures of famous Spaniards

Fernando Alonso

The two-time Formula 1 world champion is among the famous Spaniards to have several entrepreneurial failures on the list. the last one is Kimoathe sustainable clothing brand with which he wanted to break into the fashion industry.

After amassing a loss of three million euros in just four years of life, the pilot decided to sell 75% of the company to revolution brands, an American company that owns several businesses related to urban mobility and electric scooters. As Alonso explained at the time, the agreement aims to increase Kimoa’s footprint and take the business to another level.

Gerard Pique

Before making his second foray into the eSports sector with the help of Ibai Llanos, the FC Barcelona footballer has accumulated several failures as an entrepreneur in this sector. Thus, he had to close a company dedicated to the video game industry due to the huge losses it had accumulated.

Antonella Roccuzzo and Sofia Balbi

The wives of Leo Messi Y Luis Suárez decided to use their great influence to start Sarkany, a luxury shoe store in Barcelona. Although its inauguration was celebrated with a large event attended by a variety of famous people, they were forced to close shortly after opening due to a lack of benefits.

Santiago Abascal

The leader of Vox is another celebrity who failed in his entrepreneurial career. Although he has been involved in politics continuously since 1996, Santiago Abascal decided in 2007 to find another source of income through a hospitality business. In 2008, the company closed the year with losses of over 130,000 eurossomething that prompted the far-right leader’s eviction or loss of multiple lawsuits against his former associates.

Man does not live only from failures

While the failure stories of famous companies tend to attract more attention, successful companies are also a part of the lives of many people who are known for their other jobs.

It’s his own case Gerard Pique, whose entrepreneurial flair hits the mark more often than it misses. In this sense, the footballer makes millions in profits from his event organization company, cosmos, which owns the exploitation rights of the Tennis Davis Cup. In addition, Piqué has significant investments in the sports sector, energy drinks or sunglasses and operates several real estate investments.

Andrés Iniesta, who continues in football, is another famous Spaniard who knows how to best use his entrepreneurial facet. The footballer has his own winery as well as an entertainment agency which he has just restructured to adapt to new trends in the industry and has increased his turnover to 20 million euros.