British actor Idris Elba has a net worth of $40 million, according to wealth tracking website Celebrity Net Worth. AFP
British actor Idris Elba has a net worth of $40 million, according to wealth tracking website Celebrity Net Worth. AFP
British actor Idris Elba has a net worth of $40 million, according to wealth tracking website Celebrity Net Worth. AFP
British actor Idris Elba has a net worth of $40 million, according to wealth tracking website Celebrity Net Worth. AFP

Celebrity Net Worth: Idris Elba joins $24m funding round for plant-based meal company


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Idris Elba

English actor Idris Elba and his wife, Sabrina Dhowre Elba, have joined a $24 million funding round into plant-based meal replacement business Huel, alongside broadcaster Jonathan Ross and Tala activewear boss Grace Beverley.

The UK-based brand, which sells its drinks, powders and meal products directly to customers through online channels, will use the new capital to scale up its retail business and expand its market share in the US.

With the new investment, the company has a valuation of more than €540 million ($569 million).

“I’ve been a Hueligan for several years now, starting my journey while preparing for my role in Thor, so to come on board with Huel was an easy decision,” Elba said.

“I believe in their mission to deliver nutritionally complete food, sustainably. We have some exciting projects coming up and I look forward to spreading the message and raising awareness around healthy, low-carbon food.”

Huel has offices in Hertfordshire, Birmingham and London. The company said the latest funding move comes after it reported a 40 per cent jump in revenue to about $170 million for the year to July 2022, as compared with the previous year.

Elba, 50, has a net worth of $40 million, according to wealth tracking website Celebrity Net Worth.

His principal source of income is acting, but he is also a singer and film producer.

The father-of-two has a real estate investment portfolio that includes a $2.8 million home in Hackney, where he grew up.

  • Cristiano Ronaldo of Portugal passes the ball during a training session at Al Shahaniya SC on November 21, 2022 in Doha, Qatar. Getty Images
    Cristiano Ronaldo of Portugal passes the ball during a training session at Al Shahaniya SC on November 21, 2022 in Doha, Qatar. Getty Images
  • Cristiano Ronaldo takes part in training with Portugal. Getty Images
    Cristiano Ronaldo takes part in training with Portugal. Getty Images
  • Portugal forward Cristiano Ronaldo arrives for a training session at Shahaniya Sports Club of Al Samriya. AFP
    Portugal forward Cristiano Ronaldo arrives for a training session at Shahaniya Sports Club of Al Samriya. AFP
  • Portugal forward Cristiano Ronaldo stretches. Getty Images
    Portugal forward Cristiano Ronaldo stretches. Getty Images
  • Cristiano Ronaldo takes part in a training session at Shahaniya Sports Club. AFP
    Cristiano Ronaldo takes part in a training session at Shahaniya Sports Club. AFP
  • Cristiano Ronaldo of Portugal. Getty Images
    Cristiano Ronaldo of Portugal. Getty Images
  • Cristiano Ronaldo alongside Portugal teammates. Getty Images
    Cristiano Ronaldo alongside Portugal teammates. Getty Images
  • Bruno Fernandes of Portugal stretches. Getty Images
    Bruno Fernandes of Portugal stretches. Getty Images
  • Portugal forward Rafael Leao takes part in a training session. AFP
    Portugal forward Rafael Leao takes part in a training session. AFP
  • Bruno Fernandes of Portugal. Getty Images
    Bruno Fernandes of Portugal. Getty Images
  • Portugal head coach Fernando Santos. AFP
    Portugal head coach Fernando Santos. AFP
  • Portugal's Bernardo Silva, right, and Ricardo Horta. AFP
    Portugal's Bernardo Silva, right, and Ricardo Horta. AFP
  • Portugal forward Cristiano Ronaldo alongside defender Ruben Dias. AFP
    Portugal forward Cristiano Ronaldo alongside defender Ruben Dias. AFP
  • Portugal coach Fernando Santos during training. Reuters
    Portugal coach Fernando Santos during training. Reuters
  • Portugal's Goncalo Ramos during training. Reuters
    Portugal's Goncalo Ramos during training. Reuters

Cristiano Ronaldo

Could one of football’s most famous players soon be based in the GCC? The next few weeks will tell.

Portuguese forward Cristiano Ronaldo is reportedly close to agreeing on a deal worth €200 million ($210.5 million) a season with Saudi Arabia’s Al Nassr football club, according to the UK’s Daily Mail newspaper.

The 37-year-old is a free agent after leaving Manchester United recently. Sources close to the football superstar say he remains focused on the FIFA World Cup, but Spanish media claim the agreement has already been concluded.

The deal is expected to run until 2025.

If signed, it would see Ronaldo overtake rival Lionel Messi to become the richest sports star in the world.

The five-time Ballon d'Or winner earned $115 million in on-field and off-field income in 2022, according to Forbes magazine.

Watch: Ronaldo relishes 'beautiful moment' with new World Cup record

The publication ranks him as one of the world’s highest-earning athletes, with a net worth of $1.24 billion.

Off the field, his CR7 fashion brand spans eyewear, underwear and shoes.

With more than 690 million followers across different social media platforms, Ronaldo is able to command high fees from sponsors such as Nike, Herbalife and Clear shampoo.

Business Insider magazine reports that he has a lifetime endorsement deal worth $1 billion with Nike.

A single social media post can fetch him an estimated $1.6 million, the publication reports.

Ronaldo has invested into a wide range of companies, including hotels, garment and fragrance brands, hair care, perfumes, and tech start-ups.

Notable investments include a $40 million outlay into four of Pestana Hotel Group’s boutique hotels, a fitness venture with US health company Crunch, and hair transplant brand Insparya.

On the tech front, he launched the football community app ZujuGP earlier this year in partnership with the son of long-time business partner Peter Lim, and has been involved with the Latin American football fantasy league Draftea.

Oscar-winning actress Gwyneth Paltrow has a net worth in excess of $200 million, according to Celebrity Net Worth. Bloomberg
Oscar-winning actress Gwyneth Paltrow has a net worth in excess of $200 million, according to Celebrity Net Worth. Bloomberg

Gwyneth Paltrow

Goop founder Gwyneth Paltrow is among a group of celebrity investors into ResortPass, which focuses on providing access to luxury relaxation venues such as hotel beach clubs.

The American talent and media agency William Morris Endeavor, actress Jessica Alba and Brian Kelly, also known as The Points Guy, are other investors in the $26 million Series B funding round.

ResortPass offers hotel brands a way to create new revenue streams from amenities such as the pool, spa or fitness centre without requiring guests to book an overnight stay.

Launched in 2016, the company works with more than 900 hospitality brands around the world, including the Four Seasons, Ritz Carlton, Hyatt Hotels, Fairmont, W Hotels and Westin.

The company has delivered more than 1.6 million guests to its partner hotels since inception in 2016.

Oscar-winning actress Paltrow, 50, has a net worth in excess of $200 million, according to Celebrity Net Worth.

The principal source of her income has been her Hollywood career, which includes films such as Shakespeare in Love, The Royal Tenenbaums and Se7en.

Besides her film and music career, Paltrow runs the lifestyle company Goop. The company started out as a lifestyle newsletter in 2008, but has grown into a website, podcast, print magazine and pop-up shops. It now retails candles, beauty products and feminine hygiene items.

In 2019, Goop raised $50 million in Series C funding at a valuation of $250 million. Her stake in the company has been valued at $75 million before taxes, according to Celebrity Net Worth.

Earlier this year, she joined with Cameron Diaz, Drew Barrymore, Carla Harris and others to invest in Evernow, a telehealth company that provides personalised, prescription treatments and clinicians for menopausal and perimenopausal women.

Paltrow also has a significant real estate portfolio that includes homes in New York City, Los Angeles and London. She is also a cookbook author.

Swimmer Michael Phelps amassed his wealth from sponsorship deals with brands such as Visa, AT&T, Speedo, Subway and Under Armour. AP
Swimmer Michael Phelps amassed his wealth from sponsorship deals with brands such as Visa, AT&T, Speedo, Subway and Under Armour. AP

Michael Phelps

Competitive swimmer Michael Phelps has joined an angel funding round into bagel start-up PopupBagels.

Additional investors include actors Paul Rudd and Patrick Schwarzenegger.

Launched over the course of the coronavirus pandemic, the company plans to use small footprint storefronts and existing underutilised restaurant kitchens to get PopupBagels into the hands of bagel lovers everywhere, starting in the Northeast.

Phelps has a net worth of $100 million, according to Celebrity Net Worth.

The 37-year-old athlete amassed his wealth from sponsorship deals with brands such as Visa, AT&T, Speedo, Subway and Under Armour.

Nicknamed the Baltimore Bullet, Phelps is one of the few athletes to retain a significant number of endorsements post-retirement.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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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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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

Updated: December 05, 2022, 5:00 AM