Renowned cricketer Sachin Tendulkar’s strategic investment in Azad Engineering has yielded significant returns, following the company’s successful listing on the National Stock Exchange (NSE) amid India’s initial public offering (IPO) surge. Tendulkar, known for his prowess on the cricket field, ventured into the investment realm last year, aligning with Azad Engineering, a firm specializing in engineering and technology solutions for global equipment manufacturers in sectors such as energy, defence, and aerospace.
Tendulkar’s undisclosed investment in Azad Engineering materialized with the acquisition of 438,120 shares at an average price of 114.10 Indian rupees ($1.37) per share. With the company’s IPO launch at 720 rupees per share on December 28, 2023, the stock witnessed a remarkable surge, reaching as high as 1,355.30 rupees by March 7, 2024. This surge catapulted Tendulkar’s stake value to an impressive 535.8 million rupees, equivalent to $6.45 million.
Aside from Azad Engineering, Tendulkar has ventured into various equity investments in Indian enterprises, including Smartron, Spinny, and JetSynthesys. Notably, in 2022, he delved into the realm of non-fungible tokens (NFTs) by collaborating with digital collectibles platform Rario, offering fans personalized experiences and highlights from his illustrious cricketing career.
According to Celebrity Net Worth estimates, Tendulkar’s investment ventures complement his substantial net worth of $200 million, positioning him as a multifaceted entrepreneur beyond the cricket pitch.
Adam Sandler Tops Forbes’ List as Hollywood’s Highest Earner in 2023
In a testament to his enduring popularity and commercial success, American actor and comedian Adam Sandler clinched the top spot on Forbes’ list of Hollywood’s highest earners for 2023. With an annual net salary of $73 million, Sandler’s lucrative year was propelled by his involvement in three Netflix films, including Murder Mystery 2, The Out-Laws, and You Are So Not Invited to My Bat Mitzvah. Additionally, his partnership with the streaming giant through his production company, Happy Maddison, further solidified his financial prowess, with a four-movie deal reportedly valued at $250 million.
Sandler’s resurgence to the top of Forbes’ list, after nearly two decades since his last stint in 2002, underscores his enduring appeal and commercial viability in the entertainment industry. His diverse portfolio includes producing, voicing characters, and captivating audiences with his signature comedic style, garnering billions of hours of viewership on Netflix since 2015.
With a net worth of $440 million, Sandler’s financial empire extends beyond his movie earnings, encompassing lucrative property investments totaling approximately $60 million across California, Hawaii, and New York.
Miley Cyrus Ventures into Self-Tanning Industry with Dolce Glow Investment
Renowned singer and actress Miley Cyrus has diversified her investment portfolio with a strategic partnership with self-tanning brand Dolce Glow. The California-based company, founded by Isabel Alysa in 2016, has secured Cyrus as an official partner, leveraging her endorsement to expand its reach in the competitive beauty market.
Cyrus’s investment in Dolce Glow reflects her personal affinity for the brand, having been a loyal client for three years. With an undisclosed investment amount, Cyrus aims to capitalize on her endorsement to promote the brand’s range of tanning mousses, mists, and lotions, targeting a broad celebrity clientele including Jennifer Lopez, Kylie Jenner, and Selena Gomez.
Beyond her foray into the self-tanning industry, Cyrus continues to bolster her financial portfolio, with a net worth of approximately $160 million, derived from her multifaceted career in music, acting, and real estate investments. Her recent real estate endeavors include closing one of the highest deals in the Nashville area, underscoring her savvy investment strategies outside the realm of entertainment.
LeBron James Joins $20 Million Funding Round for Sports Virtual Reality Start-Up StatusPro
Basketball icon LeBron James has expanded his investment portfolio with a strategic participation in a $20 million Series A funding round for sports virtual reality start-up StatusPro. Co-founded by former American football players Andrew Hawkins and Troy Jones, StatusPro combines player data with extended reality to offer immersive training and fan engagement experiences in sports.
James’s investment in StatusPro aligns with his vision to redefine sports entertainment through innovative technology solutions. Leveraging his influence and financial acumen, James aims to propel StatusPro’s growth trajectory, tapping into the vast potential of virtual reality in sports training and fan engagement.
With an estimated net worth of $1 billion, James’s investment ventures extend beyond sports, encompassing ownership stakes in various sports franchises and strategic partnerships in entertainment and technology sectors. His latest venture with StatusPro underscores his commitment to leveraging technology to enhance athlete performance and fan experiences in the ever-evolving landscape of sports entertainment.
