Jason Derulo Dives into Success with $2 Billion Car Wash Empire
Though he has been successful as a musician, Jason Derulo is seeking to become a billionaire through other business ventures.
Best known for his international pop star status, Jason Derulo is always on the lookout for the next chapter in his life, which could involve a car washing empire he likens to streaming services such as Spotify and Netflix.
Derulo claims that he has invested in a groundbreaking startup.
“It’s called Rocket CarWash and Rocket Carwashes is basically changing the way that people get their cars washed. So it’s an amazing facility, you know? You go in and you pay a membership, and you can get your car washed at any time.” Derulo told the media.
It’s not your typical celebrity business venture, he continued.
“It is a very unsexy business, but it is a monster. It is like the Spotify model and how Spotify changed the music industry. It is Netflix and how Netflix changed the film industry…If I can get my car washed at anytime for a very low low price, I mean, it beats any other car wash out there, especially it being better than the other ones as well.” he points out, noting it’s a business worth $2 billion.
Derulo aims to become a billionaire by investing in various enterprises, including Rocket Car Wash, along with ventures in health, fitness, and sports. Despite financial ups and downs, he acknowledges losing $600,000 in failed projects.
“The more money you have, the more money you’re able to create based on the things you already have. So I’ve had a lot of failed businesses, but I’ve had business thrive, and the businesses that end up thriving, you know, mitigate all the failures.”