Sachin Tendulkar's strategic investment in Azad Engineering has paid off for the retired cricketer after the Indian company joined the country's stock market boom and listed on the National Stock Exchange in December.
Tendulkar, 50, invested in the company, which provides engineering and technology solutions to global equipment manufacturers in the energy, defense and aerospace sectors, in May last year. His stake or the amount of his investment was not disclosed at this time.
But the former India batsman purchased 438,120 shares of the company at an average price of 114.10 Indian rupees ($1.37), taking his total investment to 49.9 million rupees, Indian newspaper Mint reported.
Since listing on the NSE on December 28 at Rs 720 per share, the company's shares have risen rapidly and rose to as high as Rs 1,355.30 on March 7.
At the close of trading on Thursday, the share price stood at Rs 1,223, valuing Tendulkar's stake at an impressive Rs 535.8 million, or $6.45 million.
In recent years, he has made several equity investments in Indian companies including smart devices brand Smartron, used car start-up Spinny and gaming platform JetSynthesys.
In 2022, Tendulkar, who holds the record for most runs in Test cricket and one-day internationals, partnered with digital collectibles platform Rario as an investor and brand ambassador, marking his first foray into non-fungible tokens.
The platform offers fans NFTs and personalized experiences featuring highlights from Tendulkar's 24-year career.
He has a net worth of $200 million, according to estimates from wealth tracker Celebrity Net Worth.
Adam Sandler
According to Forbes, Adam Sandler was Hollywood's highest-earning actor in 2023. Getty Images
According to Forbes magazine, American actor and comedian Adam Sandler has been named Hollywood's highest earner in 2023 with an annual net salary of $73 million.
Sandler, 57, appeared in three Netflix films last year – “Murder Mystery 2,” “The Out-Laws” and “You Are So Not Invited to My Bat Mitzvah” – and also produced and voiced the title character in the animated film Streaming service, Leo.
In 2014, Sandler's production company Happy Maddison signed a four-film deal with Netflix. The contract was extended in 2020 for four more films worth around $250 million.
“Whether you know him as Sandman, Water Boy, Billy Madison, Happy Gilmore, Nick Spitz or simply Adam, one thing is clear: our members can't get enough of him,” Netflix chief content officer Ted Sarandos told Time.
“Since 2015 – the year The Ridiculous 6 premiered – they have spent a whopping two billion hours watching his films – proving that there is no such thing as too much Sandler.”
According to Forbes, it's the first time Sandler has topped the list since 2002, when he earned $47 million.
MORE FROM CELEBRITY NET WORTH
The Grown Ups star has a net worth of $440 million, data from Celebrity Net Worth shows. “At various points in his career, Adam was the highest-paid entertainer in the world,” the website says.
He currently earns about $25 million from each film, plus a percentage of the gross, and has a real estate portfolio worth an estimated $60 million with homes in California, Hawaii and New York.
Australian actress Margot Robbie, star of the box office hit Barbie, took second place on Forbes' list of Hollywood's top earners in 2023 with an annual net salary of $59 million, followed by Top Gun star Tom Cruise with $45 million .
Robbie's Barbie co-star Ryan Gosling and Matt Damon, who appeared in the Oscar-winning blockbuster “Oppenheimer,” tied for fourth place with earnings of $43 million each.
Actress and producer Jennifer Aniston came in sixth place with a salary of $42 million, followed by Leonardo DiCaprio and Jason Statham, who earned $41 million each. Ben Affleck was the ninth highest earner with a salary of $38 million and Denzel Washington was in tenth place with a salary of $24 million.
Singer Miley Cyrus has invested in a self-tanning brand. Reuters
Miley Cyrus
Party in the USA singer Miley Cyrus has teamed up with self-tanning brand Dolce Glow and invested an undisclosed amount in the Californian company.
Cyrus announced the deal to her followers in an Instagram post last month, saying, “I can buy a Tanner… get that endless summer vacation glow,” referencing the lyrics to her song “Flowers.”
“I am an official partner of Dolce Glow because I really love and trust this product,” she added.
Cyrus has been a Dolce Glow customer for three years. The company, which sells its Australian-made products online and has a tanning salon in the Californian city of San Fernando, was founded in 2016 by Isabel Alysa.
The brand's product catalog includes tanning mousses and sprays as well as self-tanning and body lotions.
This will be one of Miley's first investments as she is passionate about the product as a long-time customer and friend of Isabel Alysa
Dolce Glow
“This will be one of Miley's first investments as she is passionate about the product as a long-time customer and friend of Isabel Alysa,” Dolce Glow said on its website.
Other celebrity customers of the self-tanning brand include Jennifer Lopez, Kylie Jenner, Olivia Culpo and Selena Gomez.
According to Celebrity Net Worth, Cyrus, 31, has a net worth of around $160 million.
In 2022, the former child star of Disney's Hannah Montana series closed one of the highest real estate deals in the Nashville area. According to property records, the five-bedroom ranch sold for $14.5 million. Cyrus bought the property in 2017 for $5.8 million.
She owned at least three other homes in California, including in Studio City, Malibu and a ranch in Hidden Hills, which she sold in 2018 for $5 million.
Los Angeles Lakers forward LeBron James has invested in StatusPro for the second time. `
Lebron James
Billionaire basketball player LeBron James has joined sports virtual reality startup StatusPro in a $20 million Series A funding round.
The funding round was led by Google Ventures, the venture capital arm of Google parent company Alphabet. Other investors included India's Dream Sports, Minnesota Vikings owners Mark and Zygi Wilf's Wise Ventures, JDS Sports, Amumni Ventures and Canadian rapper Drake, StatusPro said.
The Los Angeles Lakers forward also invested in the company's $5.2 million seed round in August 2021, along with Drake and tennis star Naomi Osaka.
Co-founded by former American football players Andrew Hawkins and Troy Jones, StatusPro combines player data with augmented reality to develop training and fan engagement products in sports.
Its customized solutions are used by players and coaches from multiple National Football League teams, including the Baltimore Ravens.
StatusPro plans to use the additional money to expand its VR technology and launch new sports games to build on the success of its officially licensed NFL Pro Era, which has been downloaded more than a million times, the company said in a statement.
LeBron James' Saudi Arabia Clinic – in pictures
NBA star LeBron James conducted basketball training on his first visit to Saudi Arabia. Photo: Saudi Ministry of Sports
“Whether it's virtual reality or spatial computing, our vision at StatusPro is to define first-person sports and deliver experiences that capture the emotion, competition and sense of community that comes with being a professional athlete “It really embodies what it brings,” said Mr. Jones, who is also the start-up’s managing director.
In 2021, James, 39, became the first active NBA player to join the elite billionaire club with an estimated net worth of $1 billion.
Through his partnership with the sports, entertainment and real estate company Fenway Sports Group, which also owns shares in the Boston Red Sox baseball team, he is a part owner of the Pittsburgh Penguins ice hockey team.
In addition to the Penguins, James has been a minority owner of the English Premier League soccer team Liverpool since 2011. His 2 percent stake, which he acquired for $6.2 million, is currently valued at about $49.2 million, with KPMG valuing the club at $1.5 million and $2.6 billion -Dollar.
The Space Jam: A New Legacy star extended his contract with the LA Lakers in 2023 worth $97.1 million over two years.
Updated: March 18, 2024, 5:22 a.m
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