Steve Harvey, the seasoned entertainer and business mogul with an estimated $45 million net worth, recently shared insights on one of his smartest financial moves: investing in insurance. Known for his multifaceted career spanning comedy, television hosting, and production via Steve Harvey Global, Harvey has also built a diverse investment portfolio through Harvey Ventures, backing companies like Coinbase, Lyft, Airbnb, and Stripe. Despite these high-profile ventures, Harvey emphasizes that insurance has proven to be a particularly savvy and resilient investment.

At the Invest Fest 2026 event, Harvey highlighted the stability of insurance during market downturns, recalling how insurance companies remained steady amid past stock market crashes. He detailed how certain insurance policies accumulate significant cash value, which he has leveraged in times of need. For Harvey, selecting appropriate insurance products that are linked to market performance offers both growth potential and security, making it a “crazy good investment,” especially in volatile economic conditions.

Harvey pointed out that insurance is more than just protection—it’s a financial tool that lenders consider during loan applications, reflecting its role in securing one’s financial future. The insurance industry’s ability to safeguard investments while providing accessible cash value is what distinguishes it in his investment strategy. This perspective underlines the often overlooked importance of insurance in wealth building and financial planning, especially for individuals seeking consistent growth and risk mitigation.

Beyond insurance, Harvey’s ventures demonstrate a commitment to investing in innovations and individuals with impactful potential. His portfolio’s diverse mix—from entertainment content like the blockbuster film “Think Like a Man” to tech startups—reflects a broad entrepreneurial vision. However, his endorsement of insurance as a cornerstone investment invites a reconsideration of traditional financial instruments and illustrates how combining different investment types can lead to sustained wealth creation.