Emily in Paris star Lily Collins has invested in Roz, the hair care brand from celebrity stylist Mara Roszak.
The actress was part of an “oversubscribed” seed funding round led by private equity firms Silas Capital and G9 Ventures, the company announced on August 12. The value of her investment was not disclosed.
Collins, 35, joins previous celebrity angel investors including Mila Kunis, Daisy Ridley and Zoe Saldana, who invested during an earlier friends-and-family investment round.
The money will be used to support the brand’s retail expansion plans and improve its presence in the professional beauty sector, according to Roz.
Ms Roszak, who founded Roz in 2021, will also use the investment to expand the brand’s team and further expand its product lines.
“Roz is my greatest passion, and having growth partners who share my excitement and understand my vision is a dream come true,” said Ms Roszak.
Collins, who’s the daughter of musician Phil Collins, is reported to have a personal fortune worth $25 million, according to wealth tracker Celebrity Net Worth.
The English and American actress and model appeared in her first acting role at the age of two on the BBC series Growing Pains.
Collins is most famous for her roles in films such as Mirror Mirror, Love, Rosie, Extremely Wicked, Shockingly Evil and Vile and To The Bone.
For her titular role in Netflix’s Emily in Paris, she is reported to be making around $300,000 per episode. She has also produced Emily in Paris and the film Windfall.
Collins has endorsed several brands over the years including Dior, Cartier, Maison Perrier and Lancome.
In 2022, she paid $3.9 million for a home in Pasadena, California.
Karan Johar
Indian filmmaker Karan Johar has joined hands with the Fashion Entrepreneur Fund, the country’s first venture studio dedicated to the fashion sector, as an investor and promoter.
Following in the footsteps of actor Akshay Kumar, Johar is set to guide start-ups and fashion entrepreneurs through mentorship and financial support, according to a statement from the Fund on August 13.
Founded in 2021, the Fund is designed to address the fashion industry’s lack of infrastructure and opportunities for growth. It is investing 200 million Indian rupees ($2.4 million) to support entrepreneurs in the fashion industry.
“The growing popularity of homegrown ventures showcases the incredible talent within India and highlights a shift towards embracing our unique style,” Johar, 52, said.
“My objective is to bring glamour and trends to the forefront, supporting these brands as they captivate audiences globally. Through this initiative, we will help fashion entrepreneurs set new trends and achieve unprecedented success.”
The director, producer, screenwriter and actor, who owns production house Dharma Productions, is estimated to have a net worth of $40 million, according to Celebrity Net Worth.
He made his directorial debut with the film, Kuch Kuch Hota Hai, in 1998. He also made other blockbuster movies including Kabhi Khushi Kabhie Gham (2001), Kabhi Alvida Naa Kehna (2006) and Student of the Year (2012).
He also hosts the popular TV talk show Koffee with Karan, for which he is reported to earn between 10 million and 20 million rupees per episode.
He has also appeared as a judge on competition reality shows including Jhalak Dikhhla Jaa and India’s Got Talent.
Johar owns a sea-facing duplex mansion in Carter Road, Mumbai, which is reported to be worth 320 million rupees. His property portfolio also includes a Malabar Hill mansion worth 200 million rupees and an office space, both in Mumbai, and another home in New Delhi.
He invested in an artificial intelligence-led influencer marketing platform called Kofluence in 2022.
The filmmaker also ventured into the jewellery business with his label named Tyaani in 2021 and made a foray into the hospitality sector last year by launching a restaurant in Mumbai called Neuma.
Kevin Durant
US basketball player Kevin Durant has become a minority investor in French football club Paris Saint-Germain.
Durant’s investment firm Boardroom announced on August 13 that it has bought a shareholding through a separate financial vehicle created by Arctos Sports Partners. The US-based private investment firm had purchased a 12.5 per cent stake in the club in December.
Durant, 35, was in Paris for the Olympic Games, where he secured his fourth gold medal.
He is now the leading scorer in Team USA's men's Olympic basketball history, the first Team USA player to win four Olympic gold medals, and the first male athlete to win four gold medals in a team sport.
The two-time NBA champion is already a minority owner in two football teams. He became an investor in the Major League Soccer club Philadelphia Union in 2020 and joined the minority ownership of NJ/NY Gotham FC club in the National Women’s Soccer League franchise in 2022.
Durant also holds a stake in the Major League Pickleball club Brooklyn Aces.
PSG is one of the most dominant clubs in Europe, having won six of the past seven titles in Ligue 1, the top French league.
It is the seventh most valuable football club in the world, according to Sportico, valued at $4.05 billion.
The majority stake in the club is owned by Qatar Sports Investments, which purchased the club in 2011. Since then, they have won 32 trophies and signed international star players including Lionel Messi, Kylian Mbappe, Neymar and Zlatan Ibrahimovic.
The NBA star has a net worth of $300 million, according to Celebrity Net Worth.
His $42 million NBA salary makes him one of the five highest-paid players in the league. His multiple lucrative endorsement deals allow him to earn tens of millions more each year.
Off the court, he earns $36 million from endorsement deals with companies like Gatorade, Nike, Degree and more.
In 2023, Durant became the third player in NBA history to sign a lifetime contract with Nike. The other two players are Michael Jordan and LeBron James.
He has also made a number of venture capital investments. He owns small stakes in a number of companies, including Postmates and the investment app Acorns, according to Celebrity Net Worth.
He is an active tech investor with more than 40 early-stage technology investments, the website reported.
In 2023, he joined Jordan and others in a $305 million funding round in Dapper Labs, the company behind virtual trading-card platform NBA Top Shot.
Durant owns several properties in the Oklahoma City area. In 2021, he paid $15.6 million for a home in Hidden Hills, California.
Sachin Tendulkar
Retired Indian cricketer Sachin Tendulkar is gearing up for a new innings off the pitch.
He is set to become an entrepreneur with the launch of a sports athleisure brand, according to Indian daily Economic Times.
A holding company has already been registered for the venture. Early-stage venture fund Whiteboard Capital incubated the start-up along with Tendulkar, the daily reported.
Filings show Tendulkar and Whiteboard Capital are currently on the board of directors of the holding firm named SRT10 Athleisure.
The company is likely to position itself as a rival to top brands like Nike, but at an affordable pricing with local manufacturing, according to reports.
In recent years, Tendulkar, 51, has made several equity investments in Indian companies, including smart devices brand Smartron, used car start-up Spinny and gaming platform JetSynthesys.
The former Indian batsman invested in Azad Engineering, which provides engineering and technology solutions for global equipment manufacturers in the energy, defence and aerospace sectors, last year.
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 Celebrity Net Worth.
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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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LA LIGA FIXTURES
Friday Valladolid v Osasuna (Kick-off midnight UAE)
Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)
Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)
Monday Celta Vigo v Cadiz (midnight)
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
UAE currency: the story behind the money in your pockets
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
MATCH INFO
Manchester City 4 (Gundogan 8' (P), Bernardo Silva 19', Jesus 72', 75')
Fulham 0
Red cards: Tim Ream (Fulham)
Man of the Match: Gabriel Jesus (Manchester City)
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
COMPANY%20PROFILE
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Global state-owned investor ranking by size
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Canada
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- £250m to train new AI models
