Net worth

Serena Williams is building on her $240 million business empire

Related: Elon Musk ends 2021 as the richest person in the world

Serena Williams

Serena Williams offered rare insight into the difficulties of managing multiple streams of income last week.

“I literally got caught multitasking,” she posted on Instagram, captioning a video of herself switching between two different laptops while taking notes on a sheet of paper in front of her. A coffee mug with the words “Best Mom Ever” hints at her other full-time job.

Williams has been off the tennis court since suffering a hamstring injury in the first round of Wimbledon last year. However, this enforced absence has not slowed his financial game.

She earned a pre-tax total of $45.9 million last year, according to estimates by Forbes, which places her second on its list of the 10 highest paid female athletes in the world. Only $900,000 came from six field tournaments. The publication now estimates his net worth at $240 million, an annual increase of $15 million.

Over a 27-year career, Williams has earned twice as much as any other female athlete, pocketing more than $94 million in prize money.

As her Instagram post indicates, Williams, 40, has a number of different sources of income.

Crunchbase data indicates that she has invested in more than 40 companies through Serena Ventures. She founded the company in 2014 and tends to seek out early-stage companies in sports, health, and technology.

His investments include healthcare company Hued, education technology platform Fiveable, recipe startup Foody and Indonesian coffee chain. Kopi Kenangannow considered one of the unicorns of the country.

Over the past month, Williams has backed at least two start-ups. A fortnight ago, Serena Ventures joined a $7 million Series A funding round in New York-based machine learning messaging app Chatdesk, alongside Menlo Ventures, Harlem Capital, Stormbreaker Ventures, Fika Ventures and others.

In December, the company participated in a $4 million funding round for Kiira, a technology-based healthcare provider that aims to meet the needs of young, multicultural women with a virtual care mobile app and information. personalized based on data.

Williams is also a board member of Poshmark and SurveyMonkey’s parent company, Momentive. This month, she signed on as a board advisor to Sorare, the player-owned online fan site that combines non-fungible tokens (NFTs) with fantasy sports.

Founded in 2018, the company grew its transaction volume to $325 million in 2021 from $7 million in 2020, reaching more than one million users worldwide with 230 partner sports organizations, it said. she said in a statement.

“NFTs have the potential to be a powerful tool to bring equity and investment to women’s sport. I’m excited to start working alongside… the team as they understand the relationship between athletes and fans like no one else in the category, and I believe Sorare will set the culture and tone for the future of the sports entertainment,” Williams said.

Moreover, she is also one of the first investors in the NFT Bitski platform.

The tennis star also ditched three investments: body products company Billie, community space network The Wing and nutrition maker Olly.

Williams, widely regarded as one of the greatest tennis players of all time with 23 Grand Slam titles and four Olympic gold medals, has backed brands including Nike, Gatorade, Gucci, Audemars Piguet, Subway and, more recently, the DirecTV satellite service.

As a fashion designer, Williams created a direct-to-consumer clothing line, S by Serena, in 2018. Other investments include an estimated 0.5% stake in the Miami Dolphins football team.

She is also a film and television producer. With her sister Venus, she produces King Richard, a biopic about their father, played by Will Smith. Last April, Williams agreed to a first TV deal with Amazon Studios, which includes a biographical documentary series about her life.

Williams also owns several multimillion-dollar homes in the United States, including a $6.9 million property in Beverly Hills, California, another in Miami, Florida, and an apartment in Paris, France. .

Scarlett Johansson

Actor Scarlett Johansson has been involved in setting a new record alongside a group of other celebrities and venture capitalists with a $620 million investment in the digital vault software service 1Password. The Series C round, which concluded last week, is considered the largest in Canada and values ​​the company at $6.8 billion.

Joining Johansson are x-men and avengers stars Ryan Reynolds and Robert Downey Jr, as well as Pharrell Williams and Rita Wilson. Other famous investors include Ashton Kutcher, Trevor Noah, Justin Timberlake, Chris Evans and Matthew McConaughey.

1Password offers consumers and businesses online storage for passwords, software licenses, and other sensitive information, with fees starting at $2.99 ​​per month. It claims to have 15 million users.

Johansson, 37, has a net worth of $165 million, according to wealth tracking website Celebrity Net Worth.

She was the highest paid actress in 2018 and 2019, with $40.5 million and $56 million respectively. The nine Marvel films earned him a total of $95 million in costs and earnings, according to Yahoo! Finance, with $20 million from Black Widow alone.

Johansson is also sought after by fashion and luxury brands, earning between $10 million and $20 million a year from endorsements. She has worked with brands like L’Oréal, Louis Vuitton, Dolce & Gabbana, Mango, Calvin Klein and Moet & Chandon.

She has a large real estate portfolio worth around $20 million and owns properties in New York and Los Angeles.

His Manhattan penthouse has been on the market for over 18 months. The two-bedroom, two-bathroom home is now available for $1.86 million, having originally been listed for $2.3 million, according to The New York Post.

Bollywood actor Akshay Kumar has bought an apartment in Mumbai for $1.04 million.  APE

Akshay Kumar

Bollywood star Akshay Kumar bought an apartment in Mumbai’s western suburb of Khar last week. He paid 78 million Indian rupees ($1.04 million) for the 19th floor apartment.

Builder Bhavin J Soni told the media that Kumar acquired the 167.2 square meter (1,800 square foot) apartment as an investment.

Born in Amritsar, Punjab, Kumar has previously been on Forbes‘ list of the world’s highest earning artists. His current net worth is estimated at $240 million.

The bankable actor appeared in more than 100 films over a 30-year career. He earns between $5 million and $10 million per movie and has endorsement deals with over 20 brands.

Kumar also owns houses in the Mumbai suburbs of Juhu and Andheri, as well as properties in Mauritius and Canada.

Musician Bob Dylan sold the master recordings of his entire back catalog to Sony Music.  Getty

Bob Dylan

Folk singer and Nobel laureate Bob Dylan has sold master recordings from his entire catalog to Sony Music months after a previous blockbuster sale to Universal Music Group.

The deal includes all of the singer’s albums dating back to 1962, as well as the rights to several future releases. It is valued at around $150 million and $200 million, according to Variety.

“Columbia Records and Rob Stringer have been nothing but good to me for many, many years and many records,” Dylan said. “I am happy that all my recordings can stay in their place.”

Dylan, 80, sold his publishing rights to Universal in 2020 for around $400 million.

Both agreements cover hits such as blow in the wind, Times are changing’, Tangled in Blue, Like a rolling stone and Mr Tambourine Man.

The sale of Dylan comes after a series of rights acquisitions to songs and recordings by Madonna, David Bowie, Fleetwood Mac, Shakira, Blondie and David Guetta.

Also last week, Luis Fonsi, co-writer and singer of the 2017 global hit Despacito and many other songs, sold both the songwriter’s and publisher’s catalog to his work at HarbourView Equity Partners, an alternative asset management firm, Billboard reported. Terms of the agreement were not disclosed.

At least $5 billion was spent on music rights acquisitions in 2021, says industry publication The music industry around the world.

Sony has been a major buyer, with $1.4 billion in acquisitions in the first half of 2021 alone. In December, it spent another $500 million on the Bruce Springsteen catalog.

Dylan, born Robert Allen Zimmerman, is estimated to have a net worth of $375 million.

Updated: January 31, 2022, 5:00 a.m.