Celebrity Net Worth: Sachin Tendulkar cashes in on IPO frenzy
In our fortnightly celebrity investment and wealth round-up, Adam Sandler is named Hollywood’s highest earner in 2023 and Miley Cyrus invests in a self-tanning brand
Tendulkar, 50, invested in the company, which provides engineering and technology solutions for global equipment manufacturers in the energy, defence and aerospace sectors, in May last year. His stake or investment amount was not disclosed at the time.
But the former Indian batsman acquired 438,120 shares in the company at an average price of 114.10 Indian rupees ($1.37), valuing his total investment at 49.9 million rupees, India’s Mint newspaper reported.
Since listing on the NSE at 720 rupees per share on December 28, the company's shares have surged, rising to as high as 1,355.30 rupees on March 7.
By the close of trade on Thursday, the stock was priced at 1,223 rupees, valuing Tendulkar’s stake at an impressive 535.8 million rupees, or $6.45 million.
In recent years, he has made several equity investments in Indian companies, including smart devices brand Smartron, used car start-up Spinny and gaming platform JetSynthesys.
In 2022, Tendulkar, who holds the record for most runs in Test cricket and one-day internationals, teamed up with digital collectibles platform Rario as an investor and brand ambassador, marking his first foray into non-fungible tokens.
The platform offers fans NFTs and personalised experiences that feature highlights from Tendulkar’s 24-year career.
He has a net worth of $200 million, according to estimates by wealth tracker Celebrity Net Worth.
Adam Sandler
Adam Sandler was the highest earning actor in Hollywood in 2023, according to Forbes. Getty Images
American actor and comedian Adam Sandler has been named Hollywood’s highest earner in 2023, with an annual net salary of $73 million, according to Forbes magazine.
Sandler, 57, appeared in three Netflix films last year – Murder Mystery 2, The Out-Laws and You Are So Not Invited to My Bat Mitzvah, as well as producing and voicing the title character in the streaming service’s animated movie, Leo.
In 2014, Sandler’s Happy Maddison production company signed a four-movie deal with Netflix. The agreement was extended in 2020 for another four movies in a deal worth about $250 million.
“Whether you know him as Sandman, the Water Boy, Billy Madison, Happy Gilmore, Nick Spitz or simply Adam, one thing is clear: our members can’t get enough of him,” Ted Sarandos, Netflix’s chief content officer, said at the time.
“They have spent a whopping two billion hours watching his films since 2015 – the year that The Ridiculous 6 premiered – proving there’s no such thing as too much Sandler.”
It is the first time Sandler has appeared at the top of the list since 2002, when he earned $47 million, Forbes said.
The star of Grown Ups has a net worth of $440 million, Celebrity Net Worth data shows. “At various points during his career, Adam has been the highest-paid entertainer in the world,” the website said.
He currently earns about $25 million for every movie, plus a percentage of gross profits, and has a property portfolio worth an estimated $60 million, with homes in California, Hawaii and New York.
Australian actress Margot Robbie, star of box-office hit Barbie, was ranked second on the Forbes list of Hollywood's top earners in 2023 with an annual net salary of $59 million, followed by Top Gun star Tom Cruise on $45 million.
Robbie's Barbie co-star Ryan Gosling and Matt Damon, who appeared in the academy-award winning blockbuster Oppenheimer, were tied in fourth place with earnings of $43 million each.
Actor and producer Jennifer Aniston was ranked sixth, with her salary coming in at $42 million, followed by Leonardo DiCaprio and Jason Statham, who earned $41 million each. Ben Affleck was the ninth-highest earner with a salary of $38 million and Denzel Washington was 10th on $24 million.
Singer Miley Cyrus has invested in a self-tanning brand. Reuters
Miley Cyrus
Party in the USA singer Miley Cyrus has teamed up with self-tanning brand Dolce Glow, investing an undisclosed amount in the California company.
Cyrus announced the deal to her followers in an Instagram post last month, saying: “I can buy myself tanner … get that endless summer vacation glow”, in a nod to the lyrics of her song, Flowers.
“I am an official partner in Dolce Glow because I truly love and trust this product,” she added.
Cyrus has been a client of Dolce Glow for the past three years. The company, which sells its Australian-made products online and has a tanning salon in the Californian city of San Fernando, was founded by Isabel Alysa in 2016.
The brand’s product catalogue includes tanning mousses and mists, as well as self-tanning and body lotions.
This will be one of Miley’s first investments as she is passionate about the product as a longtime client and friend of Isabel Alysa
Dolce Glow
“This will be one of Miley’s first investments as she is passionate about the product as a longtime client and friend of Isabel Alysa,” Dolce Glow said on its website.
Other celebrity clients of the self-tanning brand include Jennifer Lopez, Kylie Jenner, Olivia Culpo and Selena Gomez.
Cyrus, 31, has a net worth of about $160 million, according to Celebrity Net Worth.
In 2022, the former child star of Disney’s Hannah Montana series closed one of the highest real estate deals in the Nashville area. According to land registry records, the five-bedroom ranch sold for $14.5 million. Cyrus bought the property in 2017 for $5.8 million.
She has owned at least three other homes in California, including in Studio City, Malibu and a ranch in Hidden Hills, which she sold in 2018 for $5 million.
Los Angeles Lakers forward LeBron James has invested in StatusPro for the second time. AP
LeBron James
Billionaire basketball player LeBron James has joined a $20 million Series A funding round in sports virtual reality start-up StatusPro.
The funding round was led by Google Ventures, the venture capital arm of Google parent Alphabet. Other investors included India’s Dream Sports, Minnesota Vikings owners Mark and Zygi Wilf’s Wise Ventures, JDS Sports, Amumni Ventures and Canadian rapper Drake, StatusPro said.
The Los Angeles Lakers forward also invested in the company’s $5.2 million seed round in August 2021, along with Drake and tennis star Naomi Osaka.
Co-founded by former American football players Andrew Hawkins and Troy Jones, StatusPro combines player data with extended reality to create training and fan engagement products in sports.
Its custom solutions are used by players and coaches from several National Football League teams, including the Baltimore Ravens.
StatusPro plans to use the additional cash to expand its VR technology and launch new sports-themed games to build on the success of its officially licensed NFL Pro Era, which has been downloaded more than a million times, the company said in a statement.
LeBron James's Saudi Arabia clinic – in pictures
NBA star LeBron James conducted a basketball clinic during his first visit to Saudi Arabia. Photo: Saudi Ministry of Sport
LeBron James during a basketball clinic in Riyadh. Photo: Saudi Ministry of Sport
LeBron James conducted a basketball clinic in Saudi Arabia. Photo: Saudi Ministry of Sport
LeBron James interacted with young basketball fans during a clinic in Riyadh. Photo: Saudi Ministry of Sport
LeBron James during a basketball clinic in Saudi. Photo: Saudi Ministry of Sport
“No matter if it's virtual reality or spatial computing, our vision at StatusPro is to define first-person sports and deliver experiences that truly embody the emotion, competition and sense of community that comes with being a professional athlete,” said Mr Jones, who is also chief executive of the start-up.
In 2021, James, 39, became the first active NBA player to join the elite billionaire’s club with an estimated net worth of $1 billion.
He is a part-owner of the Pittsburgh Penguins hockey team through his partnership with sports, entertainment and property company Fenway Sports Group, which also has a stake in the Boston Red Sox baseball team.
In addition to the Penguins, James has been a minority owner of English Premier League football team Liverpool since 2011. His 2 per cent stake, which he purchased for $6.2 million, is now estimated to be about $49.2 million, with KPMG evaluating the club at $2.6 billion.
The Space Jam: A New Legacy star extended his contract with the LA Lakers in 2023, in a deal worth $97.1 million over two years.
Uefa Champions League semi-finals, first leg
Liverpool v Roma When: April 24, 10.45pm kick-off (UAE) Where: Anfield, Liverpool Live: BeIN Sports HD Second leg: May 2, Stadio Olimpico, Rome
MATCH INFO
Manchester City 6 Huddersfield Town 1 Man City: Agüero (25', 35', 75'), Jesus (31'), Silva (48'), Kongolo (84' og) Huddersfield: Stankovic (43')
The specs
Engine: 2.0-litre 4-cylinder turbo hybrid
Transmission: eight-speed automatic
Power: 390bhp
Torque: 400Nm
Price: Dh340,000 ($92,579
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
