*Jason Derulo is spinning both tunes and suds with his side hustle in the carwash business.
During an interview on the YouTube show Forbes Talks, the “Talk Dirty” singer discussed his extremely lucrative investment in the company Rocket Carwash, which currently has locations in Nebraska, Iowa, Pennsylvania, Texas, Utah, and California.
“It’s basically changing the way that people get their cars washed,” he said. “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 compared the car wash business to Netflix or Spotify. “It is a very unsexy business, but it is a monster,” he explained. “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 any time 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.”
Watch below:
According to the BBC, Derulo is no stranger to investing, having put his money into the BBC’s “Project Icon” reality show, the boxing firm Rumble Boxing, and Catch LA, a luxury restaurant.
Finurah reports the global car wash services market is valued at a little over $29 billion and continues to rise. Derulo claims his own business is worth $2 billion.
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