Alex Rodriguez and Jennifer Lopez are major players in sports, Hollywood, music—and investing. What does the A-list breakup mean for fortunes?lex Rodriguez and Jennifer Lopez have officially called it quits, splitting up one of the world’s richest power-couples. The pair, who started dating in 2017 and got engaged two years later, wielded a pop-culture and commercial influence that rivaled other dynamic duos like Jay-Z and Beyoncé and Kanye West and Kim Kardashian.
The romance is over, but A-Rod and J. Lo’s fortunes are likely to continue to boom on their own in the current frothy markets. The couple has joint investments beyond JLO Beauty including luxury real estate and venture-backed startups. Two early tech companies, in which they invested together, went public earlier this year, insurance company Oscar Health and telehealth startup Hims & Hers Partners, in whose ads she appears .
In February, he listed his own SPAC, Slam Corp, which he started with hedge fund founder Himanshu Gulati. Investors gave Slam $500 million—and free reign to invest the cash in whatever business it wants. Rodriguez is Slam’s CEO and, in the strange calculus of SPAC structure, stands to reap significant equity shares if Slam finds a company to buy.odriguez realized early on that he needed to start investing. "Your baseball career will take you to your mid-30s, if you’re lucky.
For two decades, A-Rod collected business mentors the same way fanboys accumulate sports memorabilia. In 2000, after learning that Berkshire Hathaway had insured part of his Rodriguez says there is one lesson he still follows. “Jerry said ‘Alex, if your occupancy is at 99%, your rents are too low; 88% means rent is too high. You should always be dancing around 95%.’ And that's been our policy over the past 15 years.”
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Fonte: Forbes - 🏆 394. / 53 Leggi di più »
Fonte: Forbes - 🏆 394. / 53 Leggi di più »
Fonte: Forbes - 🏆 394. / 53 Leggi di più »