Entertainment Net gains? Sir Andy Murray features on list of top A-list investors
What UK investors need to know about the Coinbase IPO
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Sir Andy Murray has been included on a “Celebrity Investments Index” – alongside names such as Madonna, Ashton Kutcher and Leonardo DiCaprio – for his role as a multi-million-pound investor in the tech sector.
The Scottish tennis legend was found to have helped serve up an investment portfolio worth more than £11m as part of the study of the business activities of 30 A-listers.
The list has been compiled by Money.co.uk, which sought to determine the high-profile stars that are the most prolific investors as well as their chosen sectors. In each case it has listed their net worth and the amount they have invested with their fellow backers. “Many are business-savvy, with an entrepreneurial mindset that has allowed them to amass even larger fortunes,” it added.
Is buy-to-let still a good investment?
Buy-to-let investors have been hit by a series of tax raids in recent years, but property investing still attracts those who like the familiarity of bricks and mortar. There's no question that buy-to-let incurs a far bigger tax drag than in its glory years and record high house prices make raising a chunky 25 per cent deposit tough.A 3 per cent stamp duty surcharge hits those buying investment property, while they can also no longer fully offset mortgage interest payments against income tax on rent - and they face higher capital gains tax bills than other investors when they sell.
According to the Celebrity Investments Index, Sir Andy – who has made headlines for– has a net worth of $100 million (£72m), and has helped invest about $15.7m. He is “fast becoming a big name in the start-up investment game, with multiple start-up companies benefiting from his entrepreneurial skills so far,” said Money.co.uk.
It noted that in 2018, he again invested in mortgage lender Landbay, a tech start-up that also has the backing of online estate agent Zoopla – and he also intends to back Investly, a fintech start-up that offers invoicing services for small businesses.
Also highlighted was his investment in more than 30 UK businesses via Seedrs. Money.co.uk said some of his investments in this regard include Beeline, a smart navigation device and mobile app for bikes; Dog Tracker Nano, a live tracking device with geofencing and alerts to keep your dog safe; and Blow Ltd, a London-focused “beauty on demand” service.
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Actor Ashton Kutcher also features on the list, and has famously invested in the likes of Spotify, Airbnb, and Uber. According to the Celebrity Investments Index he has an estimated $3.1 billion invested along with his investment partners, and he has co-founded two venture capital funds: A-Grade Investments and Sound Ventures.
Broadcaster Gary Lineker was found to be worth $35m, and has invested £1m with fellow backers. In 2016, he put money in insurance start-up Neos, which aims to tap into the emergence of internet-enabled gadgets in the home.
Fellow Celebrity Investments Index star Madonna was found to be worth $850m and has helped invest $10m. She has put $1.5m into coconut water firm Vita Coco, for example, after she reportedly drank it every day on tour.
Return on investment
Money.co.uk said many high-profile stars are taking chances on start-ups that they believe in, helping to boost their growth in addition to the hopes of a good financial return.
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That said, they are not immune from the fact that investments do not offer guaranteed success. Stephen Fry, who is worth $30m according to Money.co.uk, was an investor in Pushnote, a web article comments tool that folded in 2012.
However, the actor, author and comedian is described as remaining a keen tech investor, and in 2011 put funds into the app Summly, the news article summariser later sold to Yahoo for a reported $30m.
Meanwhile, Leonardo DiCaprio in 2011 led a $4m investment round for social app Mobli that ceased trading in 2016. That said, the actor has a $260m fortune to fall back on.
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