Tennis Champion Maria Sharapova Invests in Public.Com
- Maria Sharapova will work with Public.com on initiatives to benefit its communities.
Maria Sharapova, a retired tennis champion, has acquired an equity stake from Public.com, a New York-based investment firm that lets consumers invest in stocks, funds and crypto assets online. However, Sharapova did not disclose the amount of her stake. The online brokerage firm announced on Monday, December 6 that the tennis champion and entrepreneur, Maria Sharapova made an investment into the company to help level the investing playing field for everyone, especially young women, to empower and bring more women into the public markets for the first time.
Based on her partnership with Public.com, Sharapova is committed to making investing more accessible and approachable, particularly for young women. She is an active member of the Public community, and therefore, she intends to share insights about her investing and entrepreneurial journey with the platform’s 1 million+ members, which includes 90% first-time investors, 45% people of color and 40% women.
On December 8, people can turn into a live, in-depth conversation with Sharapova during a special edition of Public Live, Public.com’s in-app live audio broadcast, to hear more about her journey from teenage tennis champion to active Founder, CEO and business investor. Besides her financial stake in Public.com, Sharapova will host events, share advice and serve as an advisor to Public.com’s recently launched program for NCAA student-athletes. The program, popularly known as 'One Tea', strives to bring training and financial literacy tools to student-athletes following the NIL policy changes announced earlier this summer.
Sharapova’s experience in the business world is invaluable and continuing to expand. The young tennis player came to the US from Russia as a 7-year-old, with just $700 in her pocket. Her career quickly took off, and as a result, she became a major name in tennis throughout the 2000s. She won five Grand Slam titles and was the highest-paid female athlete in the world for eleven consecutive years. During that time, Sharapova gained high-profile endorsement deals from firms such as Nike, Pepsi and Porsche. She is estimated to have earned more than $325 million in various sponsorships and partnerships. Sharapova retired from the professional tennis tournaments in 2020, following nagging injuries and a failed doping test that made her take some rest for fifteen months.
In 2012, Sharapova established her own firm, Sugarpova, a successful candy and sweets brand, which now reportedly earns over $20 million per year. In addition, she has invested in health and wellness firms like Tonal, Therabody and SuperGoop, among others. Despite her success, Sharapova is always trying to learn more and is developing her business portfolio as an investor and strategic advisor to various firms.
Embracing Crypto Offerings
The development about Maria Sharapova putting her money towards Public.com comes at a time when the stock brokerage firm added cryptocurrencies as an investment option on its trading services. The stockbroker platform joined a rising industry trend in November when it started allowing users to purchase, sell and hold cryptocurrencies, including Bitcoin, Ethereum, Cardano and Dogecoin. The doubling down on crypto coins adds to the investment platform’s series of services ranging from investment plans to traditional stocks and ETFs.
Public.com’s move to embrace cryptos follows the recent increase in online broker platforms expanding into crypto investment services. In February, Robinhood, a free brokerage platform for stocks, expanded into crypto offerings. The investment platform‘s expansion into crypto, aimed at making trading cryptocurrencies easier and more accessible to its investors. In April, Germany’s Trade Republic, a securities trading bank, which allows consumers to invest and trade stocks and ETFs, expanded into crypto trading. It is not just brokerage platforms getting into the crypto game, online banks like Revolute and N26 are expanding their services into crypto investment.
Maria Sharapova, a retired tennis champion, has acquired an equity stake from Public.com, a New York-based investment firm that lets consumers invest in stocks, funds and crypto assets online. However, Sharapova did not disclose the amount of her stake. The online brokerage firm announced on Monday, December 6 that the tennis champion and entrepreneur, Maria Sharapova made an investment into the company to help level the investing playing field for everyone, especially young women, to empower and bring more women into the public markets for the first time.
Based on her partnership with Public.com, Sharapova is committed to making investing more accessible and approachable, particularly for young women. She is an active member of the Public community, and therefore, she intends to share insights about her investing and entrepreneurial journey with the platform’s 1 million+ members, which includes 90% first-time investors, 45% people of color and 40% women.
On December 8, people can turn into a live, in-depth conversation with Sharapova during a special edition of Public Live, Public.com’s in-app live audio broadcast, to hear more about her journey from teenage tennis champion to active Founder, CEO and business investor. Besides her financial stake in Public.com, Sharapova will host events, share advice and serve as an advisor to Public.com’s recently launched program for NCAA student-athletes. The program, popularly known as 'One Tea', strives to bring training and financial literacy tools to student-athletes following the NIL policy changes announced earlier this summer.
Sharapova’s experience in the business world is invaluable and continuing to expand. The young tennis player came to the US from Russia as a 7-year-old, with just $700 in her pocket. Her career quickly took off, and as a result, she became a major name in tennis throughout the 2000s. She won five Grand Slam titles and was the highest-paid female athlete in the world for eleven consecutive years. During that time, Sharapova gained high-profile endorsement deals from firms such as Nike, Pepsi and Porsche. She is estimated to have earned more than $325 million in various sponsorships and partnerships. Sharapova retired from the professional tennis tournaments in 2020, following nagging injuries and a failed doping test that made her take some rest for fifteen months.
In 2012, Sharapova established her own firm, Sugarpova, a successful candy and sweets brand, which now reportedly earns over $20 million per year. In addition, she has invested in health and wellness firms like Tonal, Therabody and SuperGoop, among others. Despite her success, Sharapova is always trying to learn more and is developing her business portfolio as an investor and strategic advisor to various firms.
Embracing Crypto Offerings
The development about Maria Sharapova putting her money towards Public.com comes at a time when the stock brokerage firm added cryptocurrencies as an investment option on its trading services. The stockbroker platform joined a rising industry trend in November when it started allowing users to purchase, sell and hold cryptocurrencies, including Bitcoin, Ethereum, Cardano and Dogecoin. The doubling down on crypto coins adds to the investment platform’s series of services ranging from investment plans to traditional stocks and ETFs.
Public.com’s move to embrace cryptos follows the recent increase in online broker platforms expanding into crypto investment services. In February, Robinhood, a free brokerage platform for stocks, expanded into crypto offerings. The investment platform‘s expansion into crypto, aimed at making trading cryptocurrencies easier and more accessible to its investors. In April, Germany’s Trade Republic, a securities trading bank, which allows consumers to invest and trade stocks and ETFs, expanded into crypto trading. It is not just brokerage platforms getting into the crypto game, online banks like Revolute and N26 are expanding their services into crypto investment.