Travis Kelce is soaring high not only in his NFL career but also in other areas of his life. He recently won his third Super Bowl championship in front of his global superstar girlfriend Taylor Swift.
Although Travis Kelce has already confirmed he will play in the next season of the NFL, he has decided to make his Hollywood debut with the help of Joe Biden.
How does Travis Kelce’s movie producer debut have a Joe Biden assist?
Travis Kelce is going to make his executive-producing debut with the new indie “My Dead Friend Zoe,” which will have its world premiere at the South by Southwest Fest in early March.
This dramedy will be directed by Kyle Hausmann-Stokes and stars Sonequa Martin-Green, Natalie Morales, Ed Harris, and Morgan Freeman.
Travis Kelce will serve as an executive producer, which will not cost him much because of Joe Biden’s help. This film will be financed with the help of green energy tax credits through President Biden’s 2022 Inflation Reduction Act.
Because of this act, the film will cost less than $10 million. Variety reported that it will be the first film to take advantage of this new system.
Creating films costs a crazy amount of money and executive producers also need to make a huge investment. However, because of Joe Biden’s new act, the cost of the film has been greatly reduced, which will help the TE make his debut without spending a crazy amount of money.
The film’s producer, Ray Maiello, who runs Radiant Media Studios, also talked about its benefits, stating,
“Hollywood is risky, right? On a scale of one to 10, Hollywood, it is a 9.5. Especially in terms of independent film. These federal tax credits take the risk down to like a five.”
Almost a week ago, Travis Kelce was asked about his debut in Hollywood, to which the TE replied, “I know there’s definitely Hollywood talks out there. But I’ve been focused on football throughout the season, so I’ll probably have a lot of those meetings and conversations when it’s all said and done.”
Now that he is done with the season and has also won the championship, his focus must be on his Hollywood debut.
How much does Travis Kelce make through endorsements?
Travis Kelce is one of the best tight ends in the league and the most famous as well, thanks to his pop star girlfriend Taylor Swift. While he is known for his football prowess and earns a lucrative amount from the NFL, the TE also has multiple endorsements.
Initially, the TE spent all his money on luxuries like cars, houses, and other stuff but soon realized the importance of financial planning and stability.
Travis Kelce then hired advisors to build his financial knowledge and reportedly now takes home around $5,000,000 every year just by endorsing some of the biggest global brands like Nike, Tide, T-Mobile, Old Spice, Walgreens, McDonald’s, Papa John’s, Sleep Number, and Dick’s sporting goods.
The TE has also made multiple investments and started his business ventures, which include Hilo Nutrition, Casa Azul Spirits (a tequila soda brand), Kelce’s Krunch (a cereal brand), and Tru Kolors (a clothing brand).
All these financial decisions, including endorsements with big brands and his business venture, helped the TE earn $40 million in net worth.
From making terrible financial decisions in the beginning to having a crazy amount coming from endorsements, Travis Kelce has come a long way.
