Andy Murray's Wealth Soars
New figures have revealed that Sir Andy Murray's business empire is now valued at over £21 million. The tennis star has seen an increase in earnings after returning to action following injury and the Covid-19 pandemic.
Lucrative Ventures and Property Investments
Murray, 36, has earned substantial sums through merchandising and sponsorship deals, as well as property investments. His company, 77 Management, is now valued at £21.4 million, representing a £900,000 increase from the previous year.
Details of the Company's Assets
The latest accounts for 77 Management show total assets of £22 million, including £10.2 million held in a bank account, nearly £9.5 million owed by debtors, and a £2.3 million investment portfolio. The company owed almost £600,000 to creditors.
The Renaming of the Company
Murray changed the name of his company from Parched Investments to 77 Management to commemorate his historic Wimbledon win, making him the first British male in 77 years to achieve this feat.
Cromlix Hotel and Other Ventures
77 Management also controls the luxury Cromlix hotel near Murray's hometown of Dunblane, Perthshire. The hotel was purchased by Murray in 2013 for nearly £2 million. The London-based company has two full-time employees and paid approximately £96,000 in taxes during the year.
Murray's Total Net Worth
The money held in 77 Management is believed to represent only a portion of Murray's overall net worth. Throughout his career, he has earned around £50 million in prize money alone.
Endorsement Deals and Sports Management
Murray has endorsement deals with tennis retailer Head and sportswear firm Castore. He is also involved in sports management and is mentoring up-and-coming athletes in various sports, including tennis, football, and athletics.
As Murray competes at the Shanghai Masters this week, his flourishing business empire continues to solidify his status as one of the wealthiest and most successful athletes in the world.