Rafael Nadal
Whether or not Rafael Nadal makes another dollar off the gentleman’s sport, his post-tennis future is assured.
Although Nadal has had to sit out this year’s French Open, the tennis pro’s investment company Aspemir had a turnover of €20 million ($21.5 million) in 2021, according to Spanish newspaper El Pais, quoting registry filings.
The results include earnings of €11.4 million, a jump of 102 per cent compared with the same period in 2020.
Through Aspemir, the Spaniard controls 20 companies. His mother, Ana Maria Parera, is sole administrator and his father, Sebastian Nadal, is a proxy, the newspaper said.
Aspemir’s investments include the Tatel restaurant group, luxury property company Mabel, a sports complex in Nadal’s hometown of Manacor and several renewable energy ventures.
Nadal wins 2022 French Open – in pictures
The company also owns 18 properties, including sites in upmarket areas of Madrid and Barcelona.
Nadal has a net worth of €295 million, Spanish newspaper El Mundo calculated in February.
The figure represents a 31.1 per cent increase over the preceding 12 months, a difference of about €70 million.
In 2022, he earned $9.9 million from tournaments, including a 22nd Grand Slam title at the French Open.
Nadal is the 196th-richest person in Spain, according to El Mundo. However, he is one of the richest tennis players in the world.
ATP Tour data shows the clay-court specialist has earned $134.6 million over his 22-year career, putting him behind leader Novak Djokovic, whose tournament winnings totalled $167.2 million as of June 8.
Counting endorsements and appearance fees, Nadal’s career earnings amount to more than $500 million, according to Forbes magazine.
Among the major brands he has worked with are Nike, Kia, Babolat, Santander, Richard Mille, Lanvin and Emporio Armani.
Over a typical year, Nadal’s annual pre-tax earnings amount to about $40 million from all sources, according to wealth tracking website Celebrity Net Worth.
He has earned only $310,797 from tennis in 2023, having had to withdraw from most of this year’s tournaments due to long-standing injuries.
This month, he announced that surgery to fix a troublesome psoas muscle had been a success. With a recovery time of five months, Nadal, now 37, could begin the next chapter in his career before the Australian Open in January.
Before then, another business venture will boost his 2023 earnings.
Zel, the hotel brand he created with Melia Hotels International in December, will open its first hotel next month. The luxury Zel Mallorca hotel, located on a beach in Palmanova, will welcome guests from July 1.
Paris Hilton
Hotel heiress Paris Hilton has joined a $15 million investment round in automated savings app Checkmate.
The series A round was led by Google Ventures and included more than a dozen other investors and funds, including Hilton’s husband, Carter Reum, through his M13 Ventures company.
Mantis, the venture capital fund of electronic duo The Chainsmokers, and Trevor Neff of Ashton Kutcher’s Sound Ventures also joined the funding round, the company said in a recent blog post.
The US-based Checkmate automates shopping discounts for iPhone users via a Safari browser extension. The app uses online and email searches to improve mobile shopping at a time when e-commerce has become more personalised and regulators are strengthening customer privacy.
Since its launch last year, the app has hit number one in the Apple App Store, surpassing more than 380,000 users, including 55,000 daily active users.
This is its second funding round after a $5 million seed round in September.
Hilton, 42, has a net worth of $300 million. She is the great-granddaughter of Conrad Hilton, who founded the Hilton Hotel chain, but has reportedly received a fraction of the hotelier’s fortune.
Instead, she has turned a career as a model, actor, reality TV star, DJ and influencer into a revenue stream worth billions of dollars.
As of 2020, her 30 fragrances had generated more than $2.65 billion in gross revenue, according to Elle Canada magazine. Together with her other fashion and retail businesses, Paris Hilton-backed products have generated more than $4 billion in sales.
Through her company 11:11 Media, Hilton is also involved in a wide range of creative and technology ventures, including businesses in the digital, audio, film, television, licensing and metaverse space.
The Simple Life star has invested in at least 12 different companies, according to investor information platform Crunchbase.
The majority of these have been start-ups linked to the blockchain, web3 and metaverse environment, including video platform Shibuya and cryptocurrency payments company MoonPay.
Harry Kane
English Premier League star Harry Kane has invested in OxeFit, a robotics and artificial intelligence-based fitness technology start-up, the Texas-based company said.
The oversubscribed series A round was joined by several professional athletes, including golfers Dustin Johnson and Talor Gooch, Dallas Cowboys quarterback Dak Prescott and Miami Dolphins cornerback Jalen Ramsey.
The round brought in $20 million, according to market intelligence platform CB Insights. The size of Kane’s investment was not made public.
The real-time data that OxeFit machines provide can help stop or reduce injuries, Kane says.
“What impressed me most about OxeFit is not only the science behind the physical products, but the combination of robotics and content working together to deliver a truly customised training experience,” he says.
Kane, 29, has a net worth of £51 million ($63.9 million) as of May 2023, up from £42 million a year previously, according to The Sunday Times.
His income largely stems from his contract with Tottenham Hotspur, where he earns about £200,000 each week, or £10.4 million annually, as a striker under a six-year deal running until 2025.
Endorsements provide further income, notably from Nike, Gatorade and EA Sports.
Kane also has an extensive property portfolio valued at more than £13 million, according to the UK’s The Sun newspaper, which cited accounts for his company, Edward James Investments.
Leonardo DiCaprio
Joining the world’s billionaires in the new space race is Leonardo DiCaprio. The Academy award-winning actor recently invested in Earth observation and geospatial start-up Nuview, the company said last week.
It is the actor’s first investment into a space economy company, according to investor information website Pitchbook.
Using a network of 20 light detection and ranging technology satellites, Nuview aims to generate centimetre-level accurate representations of the Earth, to provide greater data clarity in the fight against climate change.
“Nuview’s cutting-edge technology will set itself apart by generating high-resolution, 3D images of the Earth's surface, intending to improve our ability to monitor and protect the planet with much more accuracy,” DiCaprio says.
“This unprecedented data set will help enable scientists, policymakers and conservationists to make more informed decisions and uncover valuable new insights in climate science.”
Watch: Leonardo DiCaprio at Cop26
The new outlay is rooted in DiCaprio’s broader investment approach.
The long-time climate change advocate supports a wide range of sustainability-focused ventures. These include alternative meat start-ups Aleph Farms, Beyond Meat and Mosa Meat, solar energy players Powerhive and Kingo Energy, and packaging substitute CruzFoam.
Last year, a climate fund he backs, Regeneration.VC, raised $45 million to help make sustainable consumer goods available to wider audiences.
DiCaprio, 48, has a net worth of $300 million, according to Celebrity Net Worth.
The bio
His favourite book - 1984 by George Orwell
His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard
Favourite place to travel to - Peloponnese, Southern Greece
Favourite movie - The Last Emperor
Favourite personality from history - Alexander the Great
Role Model - My father, Yiannis Davos
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Spider-Man: No Way Home
Director: Jon Watts
Stars: Tom Holland, Zendaya, Jacob Batalon
Rating:*****
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
2289 - Dh10
2252 - Dh50
6025 - Dh20
6027 - Dh100
6026 - Dh200
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MATCH INFO
Liverpool v Manchester City, Sunday, 8.30pm UAE
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Monster Hunter: World
Capcom
PlayStation 4, Xbox One
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets
Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
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The bio:
Favourite film:
Declan: It was The Commitments but now it’s Bohemian Rhapsody.
Heidi: The Long Kiss Goodnight.
Favourite holiday destination:
Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.
Heidi: Australia but my dream destination would be to go to Cuba.
Favourite pastime:
Declan: I love brunching and socializing. Just basically having the craic.
Heidi: Paddleboarding and swimming.
Personal motto:
Declan: Take chances.
Heidi: Live, love, laugh and have no regrets.
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO
Euro 2020 qualifier
Ukraine 2 (Yaremchuk 06', Yarmolenko 27')
Portugal 1 (Ronaldo 72' pen)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Martin Sabbagh profile
Job: CEO JCDecaux Middle East
In the role: Since January 2015
Lives: In the UAE
Background: M&A, investment banking
Studied: Corporate finance