I believe it. They have to look a bit more 'upscale' too or else they get killed in the tabloids and gossip sites. So they spending money on makeup, expensive outfits, hair pieces/surgery etc.
The smartest move is to get on some TV shows because then you can get residuals. Investing is a must if you're an entertainer especially an athlete. The average football player doesn't last more than 10 years so that money has to last the rest of their lives if they cant flip it into sponsorship deals or businesses.
The smartest moves are being made by people like magic Johnson who bought businesses, Michael Jordan with the merchandising deals, and Dr dre with the branding. They all probably got lots of cash from buying Amazon, Google, Apple, tesla stock while it was cheap so their money grew over time. Dre has more money from his headphones than he did from all of the music he's made.
She can do well off the HBO and Netflix shows she was on. She needs branding deals for fragrance or fashion. If she was smart enough to realize that she's losing to streamers and social media influencers she's probably going to get a presence on them platforms too and try to start her own thing later on like Tyler perry did. I clown Tyler all the time, but that nikka knows how to finesse. He's made a lot of money basically making the same films over and over again to the point where he can get his own studios and put on other actors and take a cut.