Bollywood’s Ranveer Singh takes stake in Sugar Cosmetics
Bollywood actor Ranveer Singh has invested in Indian beauty start-up Sugar Cosmetics, the company has announced. Singh’s role is to help the company acquire new millennial and Gen Z customers.
The size of Singh’s investment was not disclosed.
“I have admired Sugar’s ability to build a tremendous following over the years and am thrilled to be a part of this journey and help the brand achieve its mission of providing Indian women with access to makeup products. premium and quality specially formulated for them,” said Singh, who is married to actress Deepika Padukone.
The deal comes after the company’s $50 million Series D funding round in May. The round attracted participation from several private equity firms, including L Catterton’s Asian fund, A91 Partners, Elevation Capital and India Quotient.
Sugar Cosmetics began operations as a direct-to-consumer brand in 2015. It now has annual sales of more than 5.5 billion Indian rupees ($69 million), according to the Hindu business line newspaper.
Singh’s net worth is estimated at $20 million by wealth tracking website Celebrity Net Worth. However, Indian media estimate that he has a fortune of $44 million.
His income comes mainly from his film career and brand endorsements. Aside from about two dozen films, the Cirkus star has been the face of a wide range of brands, from Nivea and Colgate, JBL, Xiaomi and Indian clothing brand Manyavar.
The actor recently told the Indian entertainment site bollywood hungama that he has endorsed 41 brands, including nine that have sought his services during the coronavirus pandemic.
He said he accepted the large number of advertisements to pay for his new home, a four-storey sea-facing apartment worth Rs 1.2 billion in the Mumbai suburb of Bandra.
Earlier this year, the Indian chapter of the International Advertising Association named the actor as its Brand Endorser of the Year.
“I had to wait a long time for advertisers to consider me,” he said at the awards ceremony in July.
Australian singer and songwriter Sia Furler is one of several new investors in Bond Pet Foods, a US-based creator of fermented meat protein for pet food applications, the company said.
The oversubscribed Series A raised $17.5 million. Other investors included ADM Ventures, Cavallo Ventures, Genoa Ventures, Lever VC, Thia Ventures and American rock musician Joan Jett.
The capital will be used to expand Bond’s meat protein portfolio and increase production at a new 1,394 square meter plant in Colorado. Sia first teamed up with Bond earlier this year as an investor and advisor.
“As a passionate animal and environmental advocate, I am inspired by the mission of Bond Pet Foods and believe their company is the future of sustainable protein in pet food,” he said. she said in February.
Sia has a net worth of $30 million, according to Celebrity Net Worth.
Besides her own music, the Chandelier The singer has co-written and performed on top-selling songs for artists including Rihanna, David Guetta and Flo Rida.
YouTube creator Jimmy Donaldson, better known as MrBeast, is the most powerful influencer in the world, according to a new ranking by Forbes magazine.
The influencer, 24, earned $54 million last year, the publication said in its list of top creators of 2022.
The bulk of Donaldson’s income comes from advertising revenue from his YouTube videos, in which he attempts extreme stunts such as spending 50 hours buried alive or donating large sums of money.
With over 100 million subscribers, he earns at least $3 million every month from YouTube ad revenue, according to Celebrity Net Worth estimates. The figure does not include in-video brand placement offers.
Donaldson has created an additional revenue stream in 2020 with his virtual restaurant concept, MrBeast Burger. It now delivers from more than 1,000 locations worldwide, including the United Arab Emirates.
The creator opened his first burger restaurant last week in the American Dream mall in New Jersey. He estimated that more than 10,000 people lined up to eat at the restaurant, in a later social media post on Twitter.
He later said the restaurant broke the record for the most burgers sold in a single day, but that claim has yet to be verified by Guinness World Records.
Donaldson has a total net worth of $25 million, the site estimates, and has reportedly reinvested the majority of his earnings into video production.
He also has his own food company, Feastables, which sells his own brand of chocolate called MrBeast Bars.
Donaldson also has a number of financial investments and partnerships. Through his management company, Night Media, he is involved with tech start-up Backbone, which produces the Backbone One smartphone game controller.
Last year, it partnered with financial network Creative Juice to set up a fund for content creators, and with mobile banking app Current in a content creation deal.
Twelve-time Grammy winner John Legend has joined a $2.2 million seed round in audiovisual evidence management software company JusticeText.
JusticeText is an American start-up that aims to produce fairer and more transparent criminal justice outcomes by using text-to-speech machine learning algorithms to transcribe video feed footage from police body cameras, police briefings, and video feeds. interrogation and jail cells to support public defenders and their clients.
The size of Legend’s investment was not disclosed.
The singer and his model wife Chrissy Teigen, who recently announced she is expecting another baby, have a net worth of $100 million, according to Celebrity Net Worth.
Legend began his career as a management consultant for the Boston Consulting Group before turning to music.
He has sold over 10 million albums worldwide and is one of the few people in the world to achieve “EGOT” status, having won Emmy, Grammy, Oscar and Tony awards.
Chrissy Teigen and John Legend — in pictures
Beyond music revenue, Legend has invested in a dozen companies, according to funding data platform Pitchbook.
Its portfolio includes interactive streaming platform Adventr, organic retailer Thrive Market and Walker & Company Brands, a health and beauty company for people of color.
In May, the All of me The singer participated in a $12 million Series A funding round at Neutral Foods, which works with US farmers to reduce the carbon footprint of dairy products.
Legend, 43, sold his publishing catalog and royalty rights to BMG and investment firm KKR for an undisclosed amount last year, according to a financial disclosure filing, Bloomberg reported in January.
He earns between $50 million and $100 million a year from his entertainment work and other investments, according to a 2020 estimate of Variety magazine.
Legend and Teigen have a real estate portfolio worth $57 million, according to the New York Post. It includes homes in Beverly Hills, West Hollywood and three apartments in New York.
Updated: September 12, 2022, 05:00