Andy Murray, a legend in the world of tennis, is one of Great Britain’s best-ever tennis players.
The Scot’s playing career is studded with multiple major wins, including two Wimbledon victories, one US Open, and two gold medals at the Rio (2016) and London (2012) Summer Olympics.
Unfortunately, Murray may be coming toward the end of his playing time. He was not among the Wimbledon favorites this year and it has been a while since he was at the top of his game.
This is largely due to injuries, however, it’s safe to say he’s already made bank.
Andy Murray’s Net Worth
A 20-year career at the top of the men’s game has helped rocket Murray’s net worth to a reported $100 million.
For more than 10 years of that career he regularly featured near the top of betting markets with the best tennis betting sites.
Thanks to this consistent competitiveness, he is the ninth wealthiest tennis player of all time, with much of his earnings coming from on-court winnings and endorsement deals with Jaguar, Amazon Prime, and American Express.
Career Earnings
With career earnings sitting around the $64 million mark, Murray is the fourth-highest-earning tennis player of all time.
Given that his peak years coincided with Roger Federer, Rafael Nadal, and Novak Djokovic, the Scot had an array of talent around him, making his record even more impressive.
In fact, these three legends are the only players who eclipse Murray’s net worth in terms of on-court earnings. Check out Nadal’s net worth to see just how impressive this is.
With 46 titles throughout his career, he’s been very consistent. However, 2013 was his breakout year, where he earned around $35 million in the calendar year, around 35% of his current net worth.
Endorsements & Business Ventures
Endorsements and business ventures have added around $35 million to Murray’s net worth. Impressive numbers, we’re sure you’ll agree, but behind Roger Federer, who has made almost $1 billion from his off-court earnings, to put things into context.
Murray’s business empire kick-started in 2009. Before starting his own company, he worked with sponsors such as Head, American Express and Jaguar, mainly fronting marketing campaigns for these organizations.
It now trades under the 77 Management handle and was most recently valued at $25 million, with a $1 million increase in earnings in 2023 from the previous financial year.
Let’s break down some of Murray’s businesses and endorsement deals.
Social Media
Like most sports stars, Murray has a strong social media following, with 2 million on Instagram, 3.4 million on X (formerly Twitter), and ?3.5 million on Facebook.
LinkedIn is the latest profile to be created under an ever-expanding list of social platforms. This one is a little more telling as to where his head lies towards the end of his playing days, citing within his profile his love for business and investments.
He uses the platforms to express his dry but comical sense of humor and promote brands and businesses he’s now associated with.
It’s been reported that he charges up to $500,000 for a single post, but over the last few years, this has been reserved for businesses and startups that he’s already got a financial connection with, usually operating as part of a profit-share deal.
Andy Murray’s Castore Deal
Murray signed with Castore in 2019 and was one of the first of a flurry of high-profile athletes to partner up with the then-three-year-old clothing line based in the UK.
His role was very much to be the face of the brand, getting his own line, AMC (Andy Murray Collection), as part of the deal. Murray was used extensively for marketing campaigns as the company expanded to global markets in Asia and the US.
The initial contract was for eight years, but in 2023, Drapers, a fashion business magazine, reported that Murray’s Castore deal had been extended and now included a stake in the business.
By November 2023, Castore was valued at £1 billion, which will undoubtedly see a healthy check heading back to Murray at some point.
Cromlix Hotel
Cromlix Hotel is where Murray married his long-time partner Kim in 2015.
The estate is just a short distance from his childhood home in Dunblane and was purchased in 2013 for $2.5 million as part of an increasing property portfolio he now boasts.
The hotel was fully renovated and is now a luxury 5-star resort with prices starting from $500 a night.
Game4Padel
One thing that Murray has always been keen to do is give back. Game4Padel is one of those ventures, quickly jumping on the increasing popularity of Padel (a mix of squash and tennis).
Game4Padel installs courts for free in tennis and leisure clubs throughout the UK before recouping costs as courts get hired out to the public.
Murray is one of several high-profile investors in the company, including Liverpool defender Virgil van Dijk.
Tech Investments
As part of the investment portfolio, Murray has targeted several small startups, mainly based in the UK.
His management company (77 Management) uses Seedrs to target potential opportunities, an online equity crowdfunding company based in London.
His two primary investments to date have been Perkbox (perks and benefits scheme) and WeSwap (peer-to-peer travel money platform).
Perkbox smashed their $2 million target on Seedrs, eventually getting over $5 million from 230 investors, including a sizeable chunk from Murray and Zoopla founder Alex Chesterman.
It now has 300,000 paying members and generates $15 million a year in revenue. Its most recent valuation is $105 million.
WeSwap raised $2.5 million from its initial investment round, with 2,200 investors on board. The company has grown massively and is now valued at $50 million.
Conclusion
Murray will become one of the greatest male tennis players ever. A net worth of $100 million is incredibly impressive, and unlike some of the names at the top of the pile in tennis, the majority has come from on-court earnings.
However, at the age of 37, his attention is starting to move into the world of business and investments.
Murray’s 77 Management company is already finding the latest and greatest opportunities in the tech world. It wouldn’t be surprising to see that net worth substantially increase as his playing days come to a close.
References
- https://www.cityam.com/castore-andy-murray-backed-sportswear-brand-makes-first-acquisition-since-near-1bn-valuation/ (City AM)
- https://ww.fashionnetwork.com/news/Andy-murray-takes-stake-in-expanding-castore-will-be-its-global-face,1076091.html (Fashion Network)
- https://www.seedrs.com/insights/our-news/andy-murray-backs-british-tech-entrepreneurs (Seedrs Insights)
- https://www.andymurray.com/ (Official Andy Murray Website)
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