Football legend Lionel Messi has set up a company to invest in sports, media and technology across the world in what is seen as a way to shore up his post-retirement income stream.
California-based Play Time is a partnership between the Messi Group and Silicon Valley execs Razmig Hovaghimian and Michael Marquez. The company will seek to invest in promising teams and football technology start-ups.
“I’m thrilled to extend our roots in Silicon Valley, and I’m thrilled that Play Time is collaborating with bold entrepreneurs around the world,” Messi, 35, told Bloomberg.
“I hope that through its success, Play Time will help many people and have a positive impact on the world. I trust the team and our partners to achieve our goals.
Play Time has already incubated a game studio called Matchday.com. Currently in stealth mode, it will launch ahead of the 2022 World Cup final in Doha.
The company will also invest in AC Momento, a football marketplace that auctions shirts worn by top players and clubs.
Morado, a seed fund focused on early-stage investments, is also involved in Play Time.
The Argentina and Paris Saint-Germain player has been ranked this year’s highest-paid athlete by Forbes magazine after reporting $130 million in pre-tax profits in the year that ended in May.
While Messi commands a lower salary at PSG than at FC Barcelona, he is still expected to end the current season with $110m, according to the magazine. About $55 million is expected to come from off-court revenue in the form of endorsements.
In April, the footballer joined digital fan token creator Socios.com as its global brand ambassador in a three-year deal worth $20 million.
Messi has an estimated net worth of $600 million, according to wealth tracking website Celebrity Net Worth.
American singer Cher has put her Malibu, California mansion on the market for $85 million. If successful, the sale would represent an increase of approximately 3,000% over the 1989 purchase price of $2.95 million.
The I got you, baby The singer has put the seven-bedroom home on the market for the second time after trying to sell it for $45 million in 2009.
The house has a meditation room, a panic room, an air-conditioned room for the singer’s wigs, a guest house, a tennis court and an infinity pool. The property is inspired by the Italian city of Venice, but also features Turkish and Moroccan touches.
“From every room there is a view of the ocean,” said the singer and actress The Wall Street Journal in an email confirming registration.
Cher, 76, has an estimated net worth of over $360 million, according to Celebrity Net Worth.
The daughter of a truck driver and a model has earned those millions in six decades in entertainment.
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She has released 41 studio and compilation albums, grossing over 100 million as a solo artist, and a further 40 million with her former husband, Sonny Bono. His neck To believe has sold over 11 million copies.
Cher has had successful stints in film, theater, variety television, and infomercials. She has received more than 300 awards, including an Oscar for her role in Dreamera Grammy for To believe and an Emmy for her 2003 Farewell visit live video.
She ventured into the world of fashion, starring in campaigns and collaborating on clothing lines, including for Versace and Dsquared2. She also launched two perfumes.
Cher is also an activist and philanthropist, leading the Cher Charitable Foundation dedicated to supporting disadvantaged populations.
Outside of entertainment, she has invested in real estate, buying and selling properties across the United States.
Mahendra Singh Dhoni, the former captain of the Indian cricket team, has invested in packaged fake meat brand Shaka Harry, the company said.
“I love everything about chicken, but more and more I’m looking for a more balanced diet,” Dhoni said in a report published by the Hindu industry newspaper.
“For a growing population, current protein sources are not sustainably as scalable. We now have the choice to move on to smarter protein alternatives without compromising taste and texture. The plant protein segment is an exciting consumer space.
The Bengaluru-based company recently raised $2 million in seed funding from Indian and international investors including Panthera Peak Ventures, Better Bite Ventures and Blue Horizon.
The company is part of a market that is expected to reach 1.9 billion Indian rupees (about $23 million) by 2030 in India, according to Deloitte.
Dhoni, 41, has a net worth of $180 million, according to Celebrity Net Worth.
He represented India from 2004 to 2019, leading the national team to a number of victories including the 2007 ICC World Twenty20, 2011 ICC Cricket World Cup, 2013 ICC Champions Trophy and World Cups. Asia 2010 and 2016.
Between 2013 and 2015, Dhoni reportedly earned an average of $31 million per year.
He supplemented his income from cricket with numerous sponsorship deals including Colgate, Mastercard India and GoDaddy. His fees fluctuate between 350 million rupees and 600 million rupees per year, according to the Financial Express newspaper.
Dhoni often takes a stake in the companies he backs, including drinks brand Copter 7, drone startup Garuda Aerospace and used-car market Cars24.
The cricketer owns sports teams including Ranchi Rays hockey team and Chennai-based football club Chennaiyin FC.
He also runs a film and documentary production company, Dhoni Entertainment, and owns the footwear division of Indian casual wear brand Seven.
Dhoni has homes in Mumbai and Pune in the state of Maharashtra, and a farm in Ranchi, Bihar, according to Celebrity Net Worth.
Model Cindy Crawford has joined a $70 million Series A funding round for healthcare startup Prenuvo, the company announced.
Crawford’s husband, Rande Gerber, also took part in the round, alongside Eric Schmidt of Google, Nest founder Tony Fadell and Anne Wojcicki, chief executive of 23&Me.
The company specializes in advanced radiation-free whole-body imaging for the early detection of cancer and other diseases. A single hour of Prenuvo scan covers 26 body regions and organs and screens for more than 500 conditions, including most solid tumors, while the cost is lower than traditional MRI screenings, the company said.
Equity and debt financing was led by Felicis Ventures. Prenuvo will use the funds to invest in its artificial intelligence and radiology projects, as well as add other clinics in the United States.
Crawford and Gerber, who have been married for 24 years, are worth $400 million together, according to Celebrity Net Worth estimates.
Both former models, they have bought and sold numerous homes in California, New York and Baja California, Mexico over the years.
Kaia Gerber imitates her mother Cindy Crawford’s famous pose – in pictures
More recently, they sold their five-bedroom Beverly Hills home for $13.5 million to WhatsApp co-founder Jan Koum, according to Variety. The couple paid $11.6 million for the property in September 2017.
They would continue to own homes in Malibu and La Quinta, California, a waterfront property in Miami Beach, a condo in Manhattan, and an island home in Ontario, Canada.
Both have also made private equity investments. Earlier this month, Crawford and Gerber joined a $26 million funding round for home fitness brand Katalyst.
Last year, the pair joined Venus Williams, Nick Jonas and others to invest in HumanCo, a holding company of health and wellness brands.
Updated: October 24, 2022, 5:00 a.m.