RCB’s season is over, Entrepreneur Virat Has Just Begun
The Royal Challengers Bengaluru might be out of the Indian Premier League (IPL) 2024, but there’s good news for Virat Kohli fans. Virat Kohli has reached a new milestone, this time as an investor. Wondering what it’s about? Here are the details. Go Digit General Insurance had its IPO on the stock market on May 23, 2023. Because of this, Virat Kohli and Anushka Sharma, who invested in the company in February 2020, got huge returns. Their investment has grown four times, and they still own their shares in the company. Virat Kohli bought 266,667 shares at ₹75 each, totaling ₹2 crore, while Anushka Sharma bought 66,667 shares for ₹50 lakh. As the share price of Go Digit went over ₹300, Virat Kohli’s ₹2 crore investment increased to ₹8 crore, and Anushka Sharma’s investment rose to ₹2 crore. The Go Digit IPO included a fresh issue of shares worth ₹1,125 crore and an offer-for-sale of up to 5.48 crore shares, totaling ₹1,489.65 crore. The IPO was very popular, receiving bids for 50.76 crore shares against the 5.28 crore shares available. It was subscribed 4.27 times by retail investors, 7.24 times by non-institutional investors, and 2.56 times by qualified institutional buyers (QIBs). Beyond the 22 yards, Virat Kolhi has always been someone who believes in investing. Virat’s investments serve as a perfect example of how invested he is both on and off the field. Here are some of Virat’s other earnings as well. VIRAT KOHLI’S FINANCIAL INNINGS OFF THE FIELD COMPANY EARNINGS (APPROX) INVESTMENT FC Goa ₹1.8 crore annually Co-owner, undisclosed investment Blue Tribe ₹1.5 crore annually Investor, undisclosed amount Universal Sportsbiz (USPL) ₹8 crore annually Stake in the company Chisel Fitness ₹90 lakh annually 90 Crores Stepathlon Kids ₹45 lakh annually Stake in the company Sports Convo ₹30 lakh annually Stake in the company NOTE: The figures mentioned are purely approximate figures and are subject to changes. VIRAT KOHLI’S FINANCIAL INNINGS ON THE FIELD TEAM / BOARD / BRAND EARNINGS (APPROX) Board of Control for Cricket in India (BCCI) ₹7 crore annually Royal Challengers Bengaluru (RCB) ₹15.25 crore per season MRF (Cricket Equipment) ₹12.5 crore annually NOTE: The figures mentioned are as of 22nd March 2024 and are subject to changes. Investments and earnings like these make Virat Kohli the one of the most expensive and one of the richest cricketers in the world. Virat Kohli’s foray into investment has proven to be as successful as his cricketing career. His strategic investments in companies like Go Digit General Insurance have yielded remarkable returns, showcasing his acumen beyond the cricket field. Also Read : https://thesportzplanet.com/happy-birthday-rohit-sharma-know-team-india-captains-business-investments-net-worth-and-more/ Kohli and his better half, Anushka Sharma have substantially increased their wealth. Kohli’s approach to wealth management cements his position as one of the most financially savvy athletes globally. The Sportz Planet Desk,Atharva Shetye.
Know Virat Kohli’s Strategic Business Investments To Grow His Wealth
Virat Kohli isn’t just a fabulous cricketer but is more than a capable businessman as well. He is worth $127 million, as Brand Kohli continues to dominate the Indian markets. Now, in the twilight of his cricket career, Kohli has made some strategic business investments to grow his wealth. The 35-year-old cricketer has strategically and categorically invested in plenty of start-ups, a pivotal reason behind Kohli’s net worth surpassing Rs 1000 crore. Which investments are we talking about here? Here we go then. a) Rage Coffee: Launched in 2018, a Delhi-based FMCG brand, Virat Kohli has invested an undisclosed capital in Rage Coffee. The brand takes on some of the biggest coffee brands like Starbucks and Nescafe, much like how Kohli takes down the best bowlers in the opposition line-up. b) Blue Tribe: An Indian plant-based meat startup, Blue Tribe is backed by both Virat Kohli and his life partner Anushka Sharma. The strategic investment displays, India’s power couple’s commitment towards sustainable and innovative ventures. Also Read: How do the IPL stars get paid? c) Chisel Fitness: Fitness and Virat Kohli go hand-in-hand. In 2015, Kohli invested Rs 90 Crore with Chisel Fitness and CSE, and the rest they say is history. d) Hyperice: A renowned wellness brand, Hyperice, and Virat Kohli’s partnership started in 2021. He is an investor and the brand ambassador for one of the cutting-edge wellness solutions brands worldwide. e) Digital Insurance: ‘Let’s do the digit…digit…’ – sounds familiar? Virat Kohli is the brand ambassador and an investor in the insurance startup, owned by Canadian billionaire Prem Watsa. Reportedly, both Virat and Anushka have invested Rs 2.2 Crore in the startup, and the company’s evaluation has now reached $870 million. f) Galactus Funware Technology Private Limited: Being an athlete, Virat Kohli knows the challenges one faces on the field. In 2019, Kohli entered the gaming industry, with Galactus Funware Technology, a start-up based in Bengaluru. Mobile Premier League (MPL) is also the official kit and merchandise sponsor of the Indian cricket team, an association that started in 2020. Kohli has signed a 10-year association with the MPL, and the investment has yielded good returns for the King. g) Universal Sportsbiz Pvt Limited: Kohli’s fashion sense is amongst one of the best in the business. He ventured into the fashion business when he invested in Universal Sportsbiz Private Limited in 2020. Kohli’s idol Sachin Tendulkar too has invested in this start-up. It is reported that Kohli has invested close to Rs 20 Crore, thus making a strong statement in the world of sports-inspired fashion. Virat Kohli, a name that will resonate with Indian cricket for years to come, has ensured that his name is associated with some of the leading brands off the pitch. The journey of a thousand miles begins with a small step. No one knows this better than the King himself.
