Ash Barty retires with a fortune of $40 million
How much money do you need to retire early? About $2 million is enough to generate an annual income of $80,000 at an average interest rate of 5%, according to the online financial encyclopedia Investopedia. With her personal wealth estimated at $30-40 million, Ashleigh Barty doesn’t need to work another day in her life.
The world number 1 announced her retirement from tennis last Wednesday, barely a quarter into the 2022 season. So far, she has taken in $23.8 million in career prize money.
The Australian was the highest-earning tennis player in 2021 – based on on-court earnings alone. About $3.9 million of his $6.9 million paycheck came from tournament winnings.
She also took home $3 million in out-of-court winnings. These included an undisclosed amount from a new sponsorship deal with hotel group Marriott Bonvoy – in addition to existing partnerships with brands including Jaguar, FILA, Head, Swiss watchmaker Rado and breakfast favourite. Australians, Vegemite.
Retired tennis player Casey Dellacqua described Barty as possibly “one of the most marketable athletes in the world”. Dellacqua was interviewing Barty for the social media post that announced his retirement.
“It’s hard to say but I’m so happy and I’m so ready and I just know right now in my heart for me as a person it’s true,” Barty said, adding that she felt it was time to pursue other dreams.
Barty has yet to say what his next step will be but did not rule out trying another sport during a press conference last Thursday.
Fans have speculated that she could return to cricket or pursue a golfing career following in the footsteps of her parents, Josie and Robert, who represented Queensland State as golfers. His father also represented Australia in sport.
As life expectancy has increased, so has the portfolio career – where individuals can occupy a variety of different professional roles at the same time or in succession.
The pandemic has accelerated this trend, with nearly one in three people under the age of 40 saying they have considered changing jobs since the start of the pandemic, according to a July 2021 study. Washington Post-Schar School survey of workers in the United States.
And in sports, from baseball player Bo Jackson and soccer player Eric Cantona to tennis’ Justine Henin and Bjorn Borg, many athletes have retired early. Some have returned to their sport, if not the lofty heights they once commanded, while others, like Cantona, now an actor, have pursued second careers elsewhere.
At just 25 years old, Barty could well find success in another sport.
“Ash Barty, the person has so many dreams they want to pursue that don’t necessarily involve traveling the world, being away from my family, being away from home, where I’ve always wanted to be” , she said. .
“I will never, ever stop loving tennis, it’s been a big part of my life, but I think it’s important that I can enjoy the next part of my life as Ash Barty the nobody, not Ash Barty the athlete.”
She will likely use her free time to give back to the community and said she wanted to help her fellow Indigenous Australians with “more opportunities to play sports” from a young age.
“I’ve always wanted time to contribute more in other ways and now I have this opportunity. It’s what lights me up inside,” said Barty, National Indigenous Tennis Ambassador for Tennis Australia. .
Barty’s portfolio of assets is believed to include at least three homes, all in Australia.
For now, Barty and her fiancé, golfer Garry Kissick, will be busy overseeing the construction of a new home on a vacant block in Brookwater, an upmarket residential community on the outskirts of Brisbane, Queensland.
Barty paid $882,000 for the land. She also owns two other homes in nearby Springfield Lakes and Augustine Heights, according to media reports.
It is one of India’s biggest box office draws. Now Shah Rukh Khan is using his celebrity status in new ways, with the Bollywood actor set to launch a new streaming platform called SRK+, he said on Twitter.
“Kuch kuch hone wala hai, OTT ki duniya mein“(Something is going to happen in the OTT world), he tweeted in reference to one of his highest-grossing films, Kuch Kuch Hota Hai.
Industry insiders praised the star and some confirmed they would be working on projects with Dubai’s tourism ambassador.
“Dream come true! Collaborating with @iamsrk on his new OTT app, SRK+,” tweeted filmmaker Anurag Kashyap. Others included his good friends, actor Salman Khan and director-producer Karan Johar.
Khan, 56, has not announced what type of content will be available on the platform. However, it has access to a large library of content. In many ways, the app is the logical outcome of his business decisions over the past two decades.
Khan’s production and visual effects company, Red Chillies Entertainment, has released 30 films since 2000. In addition, the company has acquired the rights to at least 50 other Bollywood films. Many of them feature Khan in leading roles, but others, such as mandi and Professorare classics of cinema.
Red Chillies Entertainment is also involved in television production, visual effects and sports. One of the main sources of income is the 55% stake in the Indian Premier League cricket team Kolkata Knight Riders and its stake in the Caribbean Premier League team Trinbago Knight Riders.
In November, India Economic period reported that Khan was one of the new owners of a team franchise in the new UAE T20 league.
Khan has a net worth of $690 million, according to Forbes‘ calculations. Besides his film and sports work, he has also supported dozens of brands during his career, including Pepsi, Reliance Jio, Colgate-Palmolive, Tag Heuer, LG and Disney+Hotstar.
In February, it added Thums Up, India’s billion-dollar Coca-Cola stablemate, to that list.
His personal brand value is $51.1 million, according to the Duff & Phelps Celebrity Brand Valuation Report 2020.
The actor has been on a box office hiatus since 2018 Zero. It will return to screens in January next year, along with the action movie Pathan.
Abba’s Bjorn Ulvaeus is teaming up with Conni Jonsson, chairwoman of Swedish investment firm EQT, to raise between $529 million and $1.1 billion for a new fund that will invest in music catalogs, reported Bloomberg, citing people familiar with the matter.
The new venture will have close ties with Swedish entertainment company Pophouse Entertainment, of which the two men are board members.
Although a launch date has yet to be announced, initial discussions with investors have focused on banks and music publishers.
Pophouse said in February that he was expanding his focus on intellectual property investments in the entertainment industry. It is also investing in the purpose-built Abba Arena in London to create a year-round digital concert experience.
Music catalogs have been popular investments in recent years, as a number of aging stars seek to secure their legacy by monetizing their music. In December, Bruce Springsteen sold his catalog of music and songwriting to Sony Music for $500 million.
Investment management firm Blackstone and Hipgnosis Song Management entered into a billion-dollar partnership last year to acquire and manage music rights.
Ulvaeus and his fellow Abba bandmates are estimated to have a combined net worth of $1 billion.
Canadian actress Nina Dobrev has delivered another blow to women’s empowerment by investing in women-led low-sugar candy brand SmartSweets earlier this month.
She joined fellow singer-songwriter Shawn Mendes and American actor Zoey Deutch alongside corporate investors in a strategic funding round, the value of which has not been disclosed.
“SmartSweets lets me enjoy candy every day without the crazy amounts of sugar that traditional candies contain,” Dobrev said.
“As a Canadian and a female entrepreneur, I’m honored to invest in SmartSweets and work with the team of incredible women behind one of my favorite products.”
Tara Bosch, founder of SmartSweets, described the brand as 77% female and a champion of female founders and entrepreneurs.
“I couldn’t think of a better representation for our brand than Nina,” she said.
It is Dobrev’s second investment this year after joining a Series A funding round in beverage company Cann in February.
the vampire diary star has been an actor since 2006 and has a side business as an entrepreneur. Along with dancer Julianne Hough, she launched a low-carb, low-calorie grape drink in 2019. The partners took the company public in December last year, raising $22 million in an offering initial public.
The Minnesota-headquartered company is led by Chief Executive Janelle Anderson.
Dobrev has spoken before about the importance of showing female leadership in the FMCG industry.
“It was really important for us to have a female CEO,” she told Yahoo Finance in February. “Only 6% of companies listed on the New York Stock Exchange have a female CEO, and we are one of them.”
The company has since expanded to several other states in the United States. On Friday, its stock rose 1.05% to close at $4.17, but down from its inaugural value of $9.33 in mid-December.
Dobrev has a net worth of $11 million, according to estimates by Celebrity Net Worth.
Updated: March 28, 2022, 05:00