Celebrity Net Worth: 'The Rock' to help people manage their finances

Dwayne Johnson

From being close to broke to becoming one of the world’s richest actors, Dwayne Johnson may be the perfect person to offer financial advice.

The former WWE wrestler known as "The Rock" has teamed up with savings and investment app Acorns to launch a debit card aimed at helping consumers avoid overspending and under-saving.

With small financial tweaks, the Mighty Oak Card enables consumers to invest spare change and automatically save a portion of each pay cheque. In addition, account holders gain access to financial wellness tools and retirement planning advice.

Johnson is an investor in Acorns and its affiliates, and is paid to promote the brand.

“I’m personally invested in helping and rooting for people to achieve financial stability and success,” he said.

“I’ve been there and know what it’s like to count every dollar and save every cent possible to provide for my family and myself. I wish I had the Mighty Oak Card back in the struggling and fun days, when I had only $7 in my pocket, which is why I helped create this card now to empower people to take control of their financial well-being.”

Johnson, now 51, had just a few dollars to his name when he was cut from the Canadian Football League.

He went on to build a professional wrestling career, becoming a 10-time world champion.

He made his movie debut in 2001 with The Mummy Returns and has since appeared in nearly 50 movies.

His films have grossed more than $13 billion at the global box office, according to online database The Numbers.

In 2012, he founded film production company Seven Bucks Productions. Its releases include Shazam!, Black Adam and two films in the Jumanji franchise.

His net worth is estimated at $800 million, according to wealth-tracking website Celebrity Net Worth.

Johnson's stake in Teremana, the beverage brand he created, accounts for the biggest share of his wealth. The brand, which sells one million cases each year, is worth several billion dollars, according to Celebrity Net Worth.

He has or has had partnership and endorsement deals with Apple, Ford and Under Armour.

Kareena Kapoor Khan

Bollywood actor Kareena Kapoor Khan will serve as a strategic investor and co-owner of Korean skincare brand Quench Botanics following a joint venture with Velvette Lifestyle.

She will help educate consumers about skincare, Velvette co-founder and chief executive Vineeta Singh told the Business Line newspaper.

Velvette is the company behind Sugar Cosmetics, one of India’s fastest-growing beauty brands. It has a distribution network of more than 35,000 branded retail outlets in more than 540 cities.

“When Vineeta and Kaushik [Mukherjee, co-founder] came to me many months ago to discuss a unique idea – innovative Korean skincare formulation suited for Indian weather and skin at the most affordable price – I loved the product so much that I decided to invest in the company. And here we are today,” Kapoor Khan said in an Instagram post.

The brand is currently available through more than 1,000 outlets, including e-commerce marketplaces and specialist retailers.

Kapoor Khan, 43, has a net worth estimated at 4.85 billion Indian rupees ($5.82 million), according to media reports.

As a member of one of Bollywood’s most well-established filmmaking families, she is also one of India’s most successful and critically acclaimed actresses.

Since her Bollywood debut with Refugee in 2000, she has starred in several box office films, including Jab We Met, Ra.One and Bajrangi Bhaijaan.

Brand endorsements and partnerships provide her with a lucrative second income. The 3 Idiots star has worked with Mercedes-Benz, Colgate, Lux and Philips, as well as the beauty brand Lakme Cosmetics.

Kapoor Khan has been adding to her investment portfolio in recent months. Last summer, she took a stake in Indian greengrocer Pluckk.

“I’m a person who always plays it safe. I wouldn’t invest in start-ups just like that. I’m quite old-school in my thought,” she told the Business Today magazine at the time.

“I don’t look at balance sheets, but I look at something I know and believe in would work.”

With her husband, actor Saif Ali Khan, she owns homes in Mumbai and Gstaad, Switzerland.

Khan also has ancestral property in the states of Haryana and Madhya Pradesh, according to News18.

Adele

British singer Adele looks set to launch a new company called The Shelbourne Collective Limited, according to paperwork filed earlier this month with UK business registry Companies House.

Its nature of business is given as “specialised design activities”.

The singer has given no indication of her business plans but, according to the UK’s Daily Mirror newspaper, she could be planning a cosmetics line after her Las Vegas concert residency comes to an end next year.

The licence would allow her to retail beauty and skincare products, fashion, perfume and jewellery.

Born Adele Laurie Blue Adkins, the 35-year-old singer has a net worth of £165 million ($206.8 million), according to the Sunday Times newspaper.

She has built her fortune primarily from the sales of her four albums, which have moved 100 million in equivalent album units, and from concert performances.

The 16-time Grammy winner is currently on a residency at Caesars Palace in Las Vegas. It is expected to continue until June next year. Each performance is expected to generate $2 million in gross revenue.

Her music company, Melted Stone, showed assets of £14.9 million in December 2021, up from £3.6 million a year earlier.

Adele owns homes in Beverly Hills, Malibu and the UK, , according to Celebrity Net Worth.

She appeared to confirm her second marriage, to sports agent Rich Paul, at Alan Carr’s comedy show in Los Angeles last week.

Paul has a net worth of $120 million, according to the Daily Mail.

Kim Kardashian has invested in condiment brand Truff through her private equity firm SKKY Partners. AP

Kim Kardashian

Reality TV star and entrepreneur Kim Kardashian has taken a stake in condiment brand Truff through her private equity firm SKKY Partners. It is the company’s first investment.

Financial terms of the transaction were not disclosed.

Founded in 2017 by Nick Ajluni and Nick Guillen, the company markets a variety of truffle-infused sauces, including hot sauce, pasta sauce and mayonnaise.

“Truff is exactly the kind of business that embodies what we were looking for when we founded SKKY – a next-generation brand with a deep, authentic connection with consumers and the potential for ongoing growth,” said Kardashian, co-founder and managing partner of SKKY Partners.

Truff products are available through a direct-to-consumer model and through stores such as Target, Whole Foods and Publix.

Kardashian, 43, has a net worth of about $1.7 billion, according to Forbes magazine.

She is a TV star, influencer and entrepreneur. It is the latter role that accounts for most of her net worth today.

Kim Kardashian style evolution - in pictures

Skims, the shapewear company she founded with entrepreneurs Jens Grede and Emma Grede, raised $270 million in July, taking its valuation to $4 billion.

Kardashian also has a skincare line, SKKN.

She launched SKKY Partners last year with Jay Sammons, a former Carlyle Group executive.

The company focuses on control and active minority investments in high-growth consumer companies in health and wellness, food and beverage, fashion and beauty, and luxury and leisure.

The specs: 2018 Audi RS5

Price, base: Dh359,200

Engine: 2.9L twin-turbo V6

Transmission: Eight-speed automatic

Power: 450hp at 5,700rpm

Torque: 600Nm at 1,900rpm

Fuel economy, combined: 8.7L / 100km

Squad

Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas)

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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

Other IPL batting records

Most sixes: 292 – Chris Gayle

Most fours: 491 – Gautam Gambhir

Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Highest strike-rate: 177.29 – Andre Russell

Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)

Highest average: 52.16 – Vijay Shankar

Most centuries: 6 – Chris Gayle

Most fifties: 36 – Gautam Gambhir

Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)

The specs: 2019 Lincoln MKC

Price, base / as tested: Dh169,995 / Dh192,045

Engine: Turbocharged, 2.0-litre, in-line four-cylinder

Transmission: Six-speed automatic

Power: 253hp @ 5,500rpm

Torque: 389Nm @ 2,500rpm

Fuel economy, combined: 10.7L / 100km

Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

Al Nuri is about more than resurrecting a building. It will also rebuild an ideology and social cohesion

The reconstruction of the Al Nuri mosque reclaims a rich and humane legacy

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History will record who destroyed Mosul’s heritage sites — and who rebuilt them

UAE funds rebuilding of Mosul’s Al Nuri Mosque and historic minaret

THE RESULTS

5pm: Maiden (PA) Dh80,000 1,400m

Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m

Winner: Raniah, Noel Garbutt, Ernst Oertel

6pm: Handicap (PA) Dh90,000 2,200m

Winner: Saarookh, Richard Mullen, Ana Mendez

6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m

Winner: RB Torch, Tadhg O’Shea, Eric Lemartinel

7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m

Winner: MH Wari, Antonio Fresu, Elise Jeane

7.30pm: Handicap Dh90,000 1,600m

Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Genesis G80 2020 5.0-litre Royal Specs

Engine: 5-litre V8

Gearbox: eight-speed automatic

Power: 420hp

Torque: 505Nm

Fuel economy, combined: 12.4L/100km

Price: Dh260,500

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Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

* Agence France Presse

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How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Stan%20Lee

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup.

COMPANY%20PROFILE%20

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The specs

Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale

6) Call 901 if you see any suspicious behaviour

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

RESULT

Deportivo La Coruna 2 Barcelona 4
Deportivo: Perez (39'), Colak (63')
Barcelona: Coutinho (6'), Messi (37', 81', 84')

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

The national orchestra

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In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Celebrity Net Worth: 'The Rock' to help people manage their finances

In our fortnightly celebrity investment and wealth round-up, Kareena Kapoor launches a skincare line and Adele is set to open a new company

Dwayne Johnson

Kareena Kapoor Khan

Adele

Kim Kardashian

Kim Kardashian style evolution - in pictures

The specs: 2018 Audi RS5

Squad

While you're here

While you're here

KILLING OF QASSEM SULEIMANI

Ten tax points to be aware of in 2026

Other IPL batting records

The specs: 2019 Lincoln MKC

Seven tips from Emirates NBD

The biog

Read more

THE RESULTS

Our family matters legal consultant

More from Con Coughlin

Genesis G80 2020 5.0-litre Royal Specs

On Women's Day

Gender equality in the workplace still 200 years away

While you're here

How the bonus system works

%20Ramez%20Gab%20Min%20El%20Akher

Why it pays to compare

Route 1: bank transfer

Route 2: online platform

Stan%20Lee

Avatar: Fire and Ash

Zakat definitions

Visit&nbsp;Abu&nbsp;Dhabi&nbsp;culinary&nbsp;team's&nbsp;top&nbsp;Emirati&nbsp;restaurants&nbsp;in&nbsp;Abu&nbsp;Dhabi

COMPANY%20PROFILE%20

While you're here

The specs

Tips to avoid getting scammed

TRAP

RESULT

The five pillars of Islam

The national orchestra

In numbers: China in Dubai

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi