“Jersey Shore” star Vinny Guadagnino has made a few bucks since bursting onto the reality TV scene in 2009.
The nice paychecks from the original hit MTV show (and recent reboot), fees from various appearances at clubs and money from other ventures has the 31-year-old Guadagnino sitting financially pretty.
Guadagnino is reportedly worth a cool $3 million, according to Celebrity Net Worth. That net worth is poised to grow even more this year: Guadagnino just debuted a new MTV show called “Double Shot at Love” with “Jersey Shore” co-star and friend DJ Pauly D. He will also join Chippendales as a dancer next month in Las Vegas for a limited-time stint.
But Guadagnino, known as one of the more conservative members of the fist-pumping “Jersey Shore” cast, isn’t out there spending his millions recklessly. Instead he has carried that conservatism to investing very carefully for the future.
“I own houses, I like real estate but I have a financial advisor as well who diversifies me. I am like the most conservative person you will ever meet — I just have bonds and mutual funds,” Guadagnino told Yahoo Finance.
In other words, no betting it all on the Pinterest, Zoom or Lyft IPOs for Guadagnino. Nothing wrong with owning hard assets such as real estate or low-risk mutual funds.
Lyft investors who got it on day one would probably agree — the stock is down about 18% since its late March IPO.
Guadagnino isn’t alone in the celebrity world to prefer investing in hard assets.
Rapper and “Law & Order” star Ice-T told me in 2017 that he likes to invest in himself by developing new albums or other content. Savvy move: New content could bring in more income for Ice-T.
As for pleasure, the actor enjoys buying watches and collector cars.
Brian Sozzi is an editor-at-large at Yahoo Finance. Follow him on Twitter @BrianSozzi