Online Reporter
THANKS to an outstanding career in tennis, Andy Murray has amassed a reported wealth of £85million.
The tennis legend, 37, hung up his racket last year following the Paris Olympics.
Before he retired, Murray began sowing the seeds for what life after playing elite sport would be.
He invested a chunk of his fortune into numerous businesses, revealing he was already planning his next steps.
Murray, who became an ambassador for golf apparel company Callaway, told British Airways magazine in 2015: “I’ve heard stories from ex-players and other athletes who’ve made no plans for retiring, and they finish and all of a sudden it’s, ‘What am I going to do with myself?’
His first investment was the Cromlix Hotel, near his home town of Dunblane, which set him back £2million in 2013.
Murray then became an early investor in sportswear brand Castore, while he also put his money into tech-savvy companies, including employee benefits firm Perkbox, currency exchange platform WeSwap and equity crowdfunder Seedrs.
It’s a business portfolio that should keep his wealth safe for life, as SunSport explains.
Passion project
The jewel of Murray’s business empire is the stunning Cromlix hotel.
Shared with his wife, Kim the 15-room residence has a special place in the Murray family’s heart.
It was where his grandparents had their silver wedding anniversary party in 1982.
Andy’s brother Jamie also got married there in 2012.
Under their ownership the hotel has won several awards, including a Michelin key.
It was also named the best hotel in Scotland at the AA Hospitality Awards for 2024.
The couple have continued to put money into the business, including bold plans to open a new restaurant within it.
They have carried out several works around the property and plan to build a wellness cottage and add more bedrooms.
Last year the company, Cromlix LLP, posted losses of £919,572.
And the business behind the hotel has reported a loss of £369,045 for the year to March 31, 2024.
Best of British
Dad-of-four Murray became an early investor in British sportswear company, Castore.
He also was the first sports star to wear the brand, which is now synonymous with making kits for professional football clubs, cricket teams and golf stars.
Murray also collaborated with the group to make his capsule collection, AMC.
Not forgetting sport
Although Murray has revealed his intentions are not to go into tennis coaching (he flirted with the idea of getting his football badges), he does believe in the power of a sport that’s growing by the year.
He is a big fan of padel – a sport that came from South America and is a cross between tennis and squash.
It encouraged him to put money into Game4Padel, a company who install padel courts in tennis clubs for free, before recouping their money back by hiring the courts out.
Murray also followed Rafael Nadal in investing into the Hexagon Cup – a padel tournament, which the Scot now has his own team in.
While he has also invested cash into a tech sport firm co-founded by Tiger Woods and Rory McIlroy called TMRW Sports, and sports drink Halo Hydration.
Away from sport, his 77 Management company which boasted a worth of £21million in 2023 has other investments too. — Reuters.
