• Australian cricketer Shane Warne has died. He was 52. Getty Images
    Australian cricketer Shane Warne has died. He was 52. Getty Images
  • Shane Warne working as a TV pundit during a test match between Australia and Pakistan at The Gabba in Brisbane, Australia, in 2019. Getty Images
    Shane Warne working as a TV pundit during a test match between Australia and Pakistan at The Gabba in Brisbane, Australia, in 2019. Getty Images
  • Shane Warne and Elizabeth Hurley before Shane Warne's Australia took on Michael Vaughan's England in a T20 match at Cirencester Cricket Club in 2013. Getty Images
    Shane Warne and Elizabeth Hurley before Shane Warne's Australia took on Michael Vaughan's England in a T20 match at Cirencester Cricket Club in 2013. Getty Images
  • Australia's Adam Gilchrist, Ricky Ponting and Shane Warne celebrate with the Ashes trophy in 2007. Action Images
    Australia's Adam Gilchrist, Ricky Ponting and Shane Warne celebrate with the Ashes trophy in 2007. Action Images
  • Australian captain Steve Waugh and vice captain Shane Warne during a ticker-tape parade through Melbourne, in celebration of the Australian cricket team's victory over Pakistan in the 1999 Cricket World Cup Final. Getty Images
    Australian captain Steve Waugh and vice captain Shane Warne during a ticker-tape parade through Melbourne, in celebration of the Australian cricket team's victory over Pakistan in the 1999 Cricket World Cup Final. Getty Images
  • Mark Waugh, Steve Waugh and Shane Warne of Australia after victory over Pakistan in the Cricket World Cup Final at Lord's in London in 1999. Getty Images
    Mark Waugh, Steve Waugh and Shane Warne of Australia after victory over Pakistan in the Cricket World Cup Final at Lord's in London in 1999. Getty Images
  • Shane Warne celebrates a Pakistan wicket in the Cricket World Cup Final at Lord's in London in 1999. Getty Images
    Shane Warne celebrates a Pakistan wicket in the Cricket World Cup Final at Lord's in London in 1999. Getty Images
  • Shane Warne celebrates by dancing with a stump on the dressing room balcony after victory over England in the Fifth Ashes test match at Trent Bridge in 1997. Getty Images
    Shane Warne celebrates by dancing with a stump on the dressing room balcony after victory over England in the Fifth Ashes test match at Trent Bridge in 1997. Getty Images
  • Shane Warne bowls to Graham Thorpe of England during the third test at Old Trafford in Manchester in 1997. Getty Images
    Shane Warne bowls to Graham Thorpe of England during the third test at Old Trafford in Manchester in 1997. Getty Images
  • Shane Warne and Brian Lara of the West Indies in Australia in 1995. Getty Images
    Shane Warne and Brian Lara of the West Indies in Australia in 1995. Getty Images
  • Shane Warne after recording a career best 8 for 71 in the first Ashes test against England at the Brisbane Cricket Ground in Woolloongabba, in 1994. Getty Images
    Shane Warne after recording a career best 8 for 71 in the first Ashes test against England at the Brisbane Cricket Ground in Woolloongabba, in 1994. Getty Images
  • Warne in action against Somerset in 1993. Getty Images
    Warne in action against Somerset in 1993. Getty Images
  • Shane Warne in 1990. Getty Images
    Shane Warne in 1990. Getty Images

Business

Money

What was Shane Warne’s net worth when he died?

The Australian cricketer amassed a fortune of $50m through a range of brand endorsements, investments and a stake in the IPL’s Rajashthan Royals

Felicity Glover
Felicity Glover

March 06, 2022

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Australian leg-spinner Shane Warne, who died of a suspected heart attack at the age of 52 in Thailand, was the world’s sixth-richest cricketer and had a net worth of $50 million, according to Celebrity Net Worth, which tracks the wealth and finances of the rich and famous.

Warne, regarded as one of the best leg-spin bowlers of all time, was found in a holiday villa on the Thai island of Koh Samui by friends, his management company MPC Entertainment said on Friday.

“Shane was found unresponsive in his villa and despite the best efforts of medical staff, he could not be revived,” MPC said.

“The family requests privacy at this time and will provide further details in due course.”

India’s Sachin Tendulkar is the world’s richest cricketer, with a net worth of $150m, followed by MS Dhoni with a personal fortune of $111m, and Virat Kohli with $92m, according to Sports Virsa. Rounding out the top five is former Australian test captain Ricky Ponting with $65m and the West Indies' Brian Lara with $60m.

At the time of his death, Warne was working as a commentator for Sky Sports and Fox Cricket.

Known as the King of Spin, he earned $4m a year through a combination of commentating commitments, brand endorsements worth about $2m with the likes of Pepsi and McDonalds, as well as income as a professional poker player, according to cricket website cacknowledge.com.

Warne also owned a 3 per cent stake in the Indian Premier League’s Rajashthan Royals cricket team and founded beverage company SevenZeroEight in Western Australia, which halted production in 2020 to make hand sanitiser for local hospitals.

“This is a challenging time for Australians, and we all need to do what we can to help our healthcare system combat this disease and save lives. I am happy SevenZeroEight has the ability to make this shift and encourage others to do the same,” Warne said at the time.

In December 2020, Warne sold his five-bedroom home in Melbourne’s upmarket suburb of Brighton after it was passed in for auction at $5.65m, realestate.com said.

He paid $5.5m for the home in 2018, public records show.

Warne took 708 test wickets for Australia in a test career that ran from 1992 to 2007. He later played in the Indian Premier League for the Rajashthan Royals, where he earned $1.1m in 2011, and other Twenty20 competitions before retiring from international cricket in 2013.

Top 10 richest cricketers in the world

  1. Sachin Tendulkar — $150 million
  2. MS Dhoni — $111m
  3. Virat Kohli — $92m
  4. Ricky Ponting — $65m
  5. Brian Lara — $60m
  6. Shane Warne — $50m
  7. Virender Sehwag — $40m
  8. Yuvraj Singh — $35m
  9. Jacque Kallis — $35m
  10. Steve Smith — $34m

Source: Sports Virsa

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Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

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The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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