Professional golfer Rory McIlroy has put together an entire investment portfolio. This week, the venture capital arm of quadruple principal winner, Symphony Ventures, joined global private equity firm TPG Capital to invest in golf course management firm Troon.
The cash injection provides Troon with additional capital, resources and expertise to grow its business. The company currently provides operation, management and advisory services to more than 620 golf and leisure resorts around the world, including the Abu Dhabi Golf Club and the Dubai Hills Golf Club.
Los Angeles-based PE firm Leonard Green & Partners has a majority stake in Troon, which it has owned since 2017.
“I am delighted to invest in the Troon business as it continues to provide great golfing experiences,” said McIlroy, 32. “They really understand what makes golf special.”
McIlroy is a senior partner of Symphony Ventures, which was founded in 2019. She has since invested in more than a dozen companies, including pain management technology startup Kaia and health testing company at home Let’s Get Checked.
Unsurprisingly, golf is an important part of McIlroy’s investments. Last year, he participated in a $ 5 million fundraiser in Golf Genius Software, a provider of cloud-based tournament management software.
In July, Symphony acquired the Drive Shack Puttery brand, a new brand of mini-golf sites marketed for adults. Symphony has pledged at least $ 10 million over a three-year development timeline in return for a 10% equity stake in each Puttery site slated to open throughout 2023. at a price equal to 10% of the total construction cost each exit. Seven Puttery sites are slated to open by the end of 2021.
The Florida-based Irish golfer has an estimated net worth of $ 150 million, thanks to tournament wins and endorsements, according to Celebrity Net Worth. Forbes estimates he earned $ 52 million in the fiscal year ended June 2020.
Bollywood star Katrina Kaif’s investment in Indian beauty start-up Nykaa increased tenfold after the company’s IPO earlier this month.
After investing 20 million Indian rupees ($ 268,802) in a stake in the e-commerce company in 2018, the investment was worth 220 million rupees within days of listing, reports the Indiatimes news site.
Nykaa shares – listed under their trade name FSN E-Commerce Ventures – debuted on Indian stock exchanges at a premium of 79.4% over their initial public offering price before closing on day one at around double their issue price.
Kaif, 38, was born in Hong Kong and raised partly in the UK. She is one of the highest paid actresses in India and owns her own makeup brand, Kay Beauty. She is estimated to have accumulated a net worth of Rs 2.2 billion over a career spanning 40 films and 18 years.
Bollywood actress and Nykaa co-investor Alia Bhatt saw a similar increase in her investment of Rs 49million in the company, which jumped to Rs 540 million after the IPO.
Bhatt, 28, has a reported net worth of Rs 1.5 billion, with income from films, commercials and his Ed-a-mama children’s clothing line.
Electricity and water don’t mix well – unless it’s the electric boats we’re talking about. Sure, Will Smith thinks so. Before recently climbing to the top of the Burj Khalifa, the Hollywood star actor invested in Arc through his venture capital fund Dreamers VC. The start-up aims to revolutionize boating and water sports thanks to battery boats.
Other companies to invest in the start-up include Kevin Durant and Rich Kleiman’s Thirty Five Ventures, and Sean “Diddy” Combs’s Combs Enterprises.
The company was launched less than a year ago but has already attracted $ 7 million in funding, including a February funding round led by VC Andreesen Horowitz. It aims to build electric personal watercraft to serve a range of target markets and prices, said managing director Mitch Lee. TechCrunch.
Although electric watercraft are quieter, faster, and more reliable, few companies have attempted to build them due to design and battery issues. More than 99% of boats still run on fossil fuels, according to the company.
Smith, 53, has invested in at least 21 companies, according to business news platform Crunchbase.
Through Dreamers VC, which he co-owns with Japanese football star Keisuke Honda, he has invested in esports company Gen.G. Earlier this year, Smith also invested in start-up Landis Technologies alongside entertainment mogul Jay-Z.
Smith is one of the richest actors in the world with an estimated net worth of $ 350 million, according to Celebrity Net Worth. He earns at least $ 40 million annually through various activities, including salaries and bonuses for films.
With his wife Jada Pinkett Smith, the Fresh prince star owns a $ 100 million property in the United States, including a 40 acre ranch located between Malibu and Calabasas, Calif., and an $ 11 million, 10,400 square foot home in Hidden Hills, in California, which he bought in September.
Smith recently unveiled a new YouTube Originals docuseries, Best shape of my life, much of which was filmed in Dubai.
His new thesis, Will, was published recently.
American musician Nick Jonas made a cash investment in Nurosene Health. Start-up HealthTech is harnessing artificial intelligence to help humans build better, healthier brains. The value of the singer-actor investment was not disclosed.
The main focus of the Toronto-based company is a wellness app, Nuro, which helps develop healthy habits for the brain, mind and body through activities and coaching videos. A recent acquisition of pharmaceutical technology enables Nurosene to strengthen its position in the field of predictive healthcare.
“I firmly believe that our mental health is paramount to our overall emotional and physical health,” Jonas said. “Nurosene breaks down barriers and helps de-stigmatize mental health, which is why I felt passionate about investing in a company that puts it first and is focused on bringing brain health solutions to more people. in the world.”
Ranj Bath, Managing Director of Nurosene, said: “We are delighted to have Nick as a supporter of Nurosene, investing in our mission to innovate, educate and create a mental health community to bring recognition and awareness. to our global mental health solutions. Mental health is a systemic concern that we, as a global community, must address together to build a generation of better and healthier brains. “
NFL Pro Bowl footballer Richard Sherman is an investor and ambassador for Nurosene.
With a large asset portfolio that includes real estate and private equity, as well as income from film and music, Jonas, 29, and his wife, actress and producer Priyanka Chopra, 39, have net worth combined $ 70 million.
Good stories don’t just deserve to be embellished, to quote JRR Tolkien’s Gandalf mistakenly the Lord of the Rings, they also deserve to be rewarded. So it’s only fitting that Hollywood director Sir Peter Jackson has become the entertainment world’s newest billionaire after a deal to sell his visual effects studio Weta Digital for $ 1.62 billion to the American games company. Unity Software video.
The cash and stock deal will bring in Weta’s visual special effects tools, which have been used for dramatic creative effects in films such as The Lord of the Rings, Wonder woman, Avatar and I robot in the hands of millions of creators and artists around the world, Unity said in a declaration.
The portfolio of solutions is expected to help bring the Metaverse to life, a future iteration of the Internet built around advanced technologies. A team of 275 engineers is part of the agreement.
“Weta Digital’s tools have created limitless possibilities for us to bring to life the worlds and creatures that originally lived in our imaginations,” said Jackson, president and co-founder of Weta Digital. “Together, Unity and Weta Digital can create a path for any artist, in any industry, to take advantage of these incredibly creative and powerful tools. Giving creative aspirants access to Weta Digital’s technology will be nothing less than a radical change and Unity is just the company to bring that vision to life.
The deal puts Jackson’s net worth between $ 1 billion and $ 2 billion, according to separate estimates from the tracking website Celebrity Net Worth and New Zealand Stuff respectively. He joins George Lucas, with a fortune of $ 10 billion, and Steven Spielberg with $ 8 billion in the club of billionaire elite directors.
The New Zealand filmmaker, 60, co-founded Weta Digital in 1993 to create digital special effects for his flagship film Celestial creatures. His wife Fran Walsh, Weta CEO Prem Akkaraju, and Napster founder Sean Parker are other shareholders.
The director remains the sole or majority owner of several other film-related companies, including WetaFX, Weta Productions and Park Road Post Production.
Jackson’s assets include an estimated real estate portfolio of 150 million New Zealand dollars ($ 105.1 million) in 2018, mainly in and around the New Zealand capital of Wellington, and a mansion surrounded by 20 hectares of land in Wairarapa.
His latest work, the three-part television documentary series The Beatles: Come Back, will debut on Disney + this week.
Updated: November 21, 2021 5:00 a.m.