Jennifer Aniston
Actor and producer Jennifer Aniston has invested in Invisible Universe, an internet-first animation studio, the company announced last week.
The Friends star was part of a $12 million series A funding round led by Seven Seven Six, founded by Alexis Ohanian and Katelin Holloway. Mr Ohanian’s wife, tennis star Serena Williams, also participated in the round, along with Will Smith’s Dreamers VC and others.
The company will use the injection of funds to launch animated intellectual properties across social media and web3, expand its footprint to new platforms and further monetise its suite of franchises.
Invisible Universe develops and introduces original animated character franchises on social media, in partnership with artists and celebrities.
Its animation studio is behind Clydeo (Aniston’s furry best friend and foodie), Qai Qai (inspired by a doll belonging to the Ohanians’ daughter Alexis Olympia) and Squeaky & Roy (toys associated with influencers Charli and Dixie D’Amelio).
“It has just been so much fun to develop Clydeo with the Invisible Universe team, inspired by my own dog Clyde, who is such a character himself and has been making me and my friends laugh for almost 10 years now,” Aniston, 53, told Variety magazine.
“I am so happy his true potential has finally been tapped into for the whole world to enjoy. So much more fun is yet to come!”
Clydeo already has his own TikTok and Instagram accounts.
The size of Aniston’s investment was not disclosed. The Golden Globe and Primetime Emmy-winning actor has a net worth of $320m, according to the wealth tracking website Celebrity Net Worth.
Her principal income comes from her career in TV and films, most notably from the 10 seasons of 90s’ hit sitcom Friends. Each of the six main cast members has earned about $90m in base salary from the show, not accounting for back-end bonuses and continued royalties.
Celebrity Net Worth calculates that Aniston earns $20m per year in royalties from syndication revenue, which is thought to exceed $1 billion per year.
Aniston has endorsed brands such as Emirates airline, L'Oreal cosmetics and Aveeno skincare. She is thought to earn $10m annually from endorsements alone.
She has a $20.97m mansion in Bel Air and has previously owned homes in Beverly Hills and New York City.
In 2012, Aniston took a stake in haircare line Living Proof, but sold it to Unilever for an undisclosed amount four years later.
Selena Gomez and Serena Williams
Singer, actor and entrepreneur Selena Gomez has seen her five-month-old mental health start-up valued at $100m after a $5m early-stage funding round by Serena Williams’ Serena Ventures last week.
Williams announced the investment on Twitter. “So proud to be an investor in @letswondermind — changing the way we deal with mental health,” she said.
The start-up, Wondermind, was launched in February. Co-founded with Gomez’s mother, Mandy Teefey, and media executive Daniella Pierson, it aims to create a mental health ecosystem and promotes mental fitness routines through social media and a newsletter.
The platform is working to build a production division for mental health content, including podcasts and interviews with experts and celebrities, as well as physical products for behavioural therapies.
Participating investors in the funding round included Lightspeed Venture Partners and Sequoia Capital, Bloomberg reported.
Gomez, 30, has a net worth estimated at $85m, according to Celebrity Net Worth.
The Lose You To Love Me singer has business interests in make-up, fragrance, fashion and handbag lines, as well as high-profile endorsement contracts, including for Puma and Coach.
Serena Ventures’ investment comes days after the tennis star addressed the issue of retiring after the coming US Open in an essay for Vogue magazine. She said she would continue to prioritise investment in businesses owned by women.
Williams will be involved in Wondermind’s content and help promote its onboarding projects.
The 23-time Grand Slam winner is a self-made multimillionaire, with an estimated net worth of $260m, according to Forbes magazine. She has earned a record $94.5m from tennis, but that figure has been surpassed by her income from endorsements and investments.
Shilpa Shetty
Bollywood actress and businesswoman Shilpa Shetty recently invested an undisclosed amount in two direct-to-consumer start-ups in India.
Sports nutrition brand Fast&Up retails energy gels, hydration drinks and multivitamins, while beauty and wellness label Chicnutrix is a wellness and nutrition supplements company.
Both brands are part of Fullife Healthcare, which raised $22m in series C funding from Morgan Stanley Private Equity Asia last December. It has a presence in India and Italy and is now looking to expand to other countries in Europe and North America.
Shetty, 47, will also serve as brand ambassador to help to strengthen and promote health and self-care in India.
“Our lifestyle today is fast-paced and it is difficult to keep up with all required nutrients or vitamins that are essential on a daily basis for the body, hair, skin, energy and general well-being. Their products totally suit today’s demands,” CNBC TV 18 quoted Shetty as saying.
Previous celebrity backers in Fullife Healthcare include Indian cricketer Mayank Aggarwal and actor Varun Dhawan.
Shetty has a net worth of about 1.34bn Indian rupees ($17m).
Besides her movie and TV career, Shetty is thought to own many homes in Mumbai and the UK, together with her husband, businessman Raj Kundra.
The couple’s home in Surrey, the UK, reportedly cost £5m ($6.09m) when they bought it in 2009, according to India Today magazine. In February, the magazine reported that Kundra had transferred five apartments worth 380m rupees ($4.7m) to Shetty.
The Celebrity Big Brother actor previously invested in Indian fast-moving consumer goods start-up Mamaearth and has her own fitness app, Simple Soulful.
Shetty and Kundra jointly held an 11.7 per cent stake in Indian Premier League cricket team Rajasthan Royals between 2009 and 2015.
Katy Perry
De Soi, a line of premium non-alcoholic aperitifs co-founded by Katy Perry, has announced $4m in seed funding.
The American singer and reality TV judge established the line in January with master distiller Morgan McLachlan to offer alternatives for cocktail hour.
The global non-alcoholic drinks market was worth $820bn in 2020 and is forecast to grow at a compound annual rate of 6.8 per cent, according to Allied Analytics.
The round was led by Willow Growth, with the participation of entertainment and sports agency Creative Artists Agency.
De Soi will use the newly acquired capital to expand its retail footprint across the US.
“De Soi is all about balance — being able to enjoy the evening AND the next morning,” Perry said.
“It allows busy toddler-mums like Morgan and me, or anyone who just might want a drink without the hangover, to enjoy the social ritual of a drink with friends and still be the life of the party!”
Perry, 37, has a net worth estimated at $330m, according to Celebrity Net Worth. Over the past decade, her annual earnings have ranged between $30m and $135m, thanks to merchandise, album sales, touring and TV appearances.
When she signed on to judge the American Idol revival in 2018, she was paid $15m a season. The following year, that remuneration was raised to $25m a season.
Since 2017, she has bought and put up for sale four homes in Los Angeles and Beverly Hills, according to Celebrity Net Worth.
In October 2020, Perry and her fiance, actor Orlando Bloom, purchased a 3.64-hectare estate in Montecito, California, for $14.2m, next door to celebrity neighbours such as Oprah Winfrey and the Duke and Duchess of Sussex, Hello! magazine reported.
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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.”
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
More coverage from the Future Forum
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Fight card
1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)
2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)
3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)
4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)
5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)
6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)
7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)
8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)
9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)
10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)
11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)
12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Normcore explained
Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh289,000
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
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Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less