Spanish tennis player Rafael Nadal's company Aspemir reported a turnover of $21.5 million in 2021. AFP
Spanish tennis player Rafael Nadal's company Aspemir reported a turnover of $21.5 million in 2021. AFP
Spanish tennis player Rafael Nadal's company Aspemir reported a turnover of $21.5 million in 2021. AFP
Spanish tennis player Rafael Nadal's company Aspemir reported a turnover of $21.5 million in 2021. AFP

Celebrity Net Worth: Rafael Nadal aces off-court earnings


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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

  • Spaniard Rafael Nadal celebrates after beating Casper Ruud of Norway to win the French Open for a 14th time at Roland Garros in Paris on June 5, 2022. EPA
    Spaniard Rafael Nadal celebrates after beating Casper Ruud of Norway to win the French Open for a 14th time at Roland Garros in Paris on June 5, 2022. EPA
  • Rafael Nadal celebrates with the trophy. Getty
    Rafael Nadal celebrates with the trophy. Getty
  • Rafael Nadal celebrates after winning the French Open. AFP
    Rafael Nadal celebrates after winning the French Open. AFP
  • Rafael Nadal hugs Norway's Casper Ruud after winning the men's singles final. Reuters
    Rafael Nadal hugs Norway's Casper Ruud after winning the men's singles final. Reuters
  • Nadal celebrates with the French Open trophy. Getty
    Nadal celebrates with the French Open trophy. Getty
  • Nadal returns to Casper Ruud. AFP
    Nadal returns to Casper Ruud. AFP
  • Spectators show their support for Norway's Casper Ruud. AFP
    Spectators show their support for Norway's Casper Ruud. AFP
  • Spain's Rafael Nadal clenches his fist after winning a point. AP
    Spain's Rafael Nadal clenches his fist after winning a point. AP
  • Casper Ruud in action during the final. EPA
    Casper Ruud in action during the final. EPA

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 has invested in automated savings app Checkmate. Photo: Instagram / parishilton
Paris Hilton has invested in automated savings app Checkmate. Photo: Instagram / parishilton

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.

Football star Harry Kane says AI could help prevent injuries. Reuters
Football star Harry Kane says AI could help prevent injuries. Reuters

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.

US actor Leonardo Dicaprio has invested in Earth observation and geospatial start-up Nuview. AFP
US actor Leonardo Dicaprio has invested in Earth observation and geospatial start-up Nuview. AFP

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

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20flat%206-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20PDK%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E500hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh530%2C300%20as%20tested%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
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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%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
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

Updated: June 12, 2023, 5:00 AM