Thanks to his remarkable tennis career, Andy Murray has accumulated a substantial fortune, estimated at £85 million.
The tennis icon, now 37, officially retired from professional tennis after the Paris Olympics last year.
Even before retiring, Murray began planning for his post-tennis life.
He strategically invested a significant portion of his wealth into various businesses, indicating his early preparation for the transition.
Murray, who became a brand ambassador for golf apparel company Callaway, mentioned in a 2015 interview with British Airways magazine: “I’ve heard stories from former players and athletes who didn’t plan for retirement, and upon finishing, they face the question, `What do I do now?`”
“I discussed with them potential ventures I could explore or avoid, starting to gather ideas.”
“I am seeking a pursuit that ignites my passion and where I`m motivated to work diligently towards a specific objective.”
His initial investment was the Cromlix Hotel, located near his hometown of Dunblane, acquired for £2 million in 2013.
Subsequently, Murray became an early investor in the sportswear brand Castore. He also diversified his portfolio with investments in tech companies, including employee benefits firm Perkbox, currency exchange platform WeSwap, and equity crowdfunder Seedrs.
This diverse business portfolio is designed to secure his wealth for the future.
Passion Project
The centerpiece of Murray`s business endeavors is the exquisite Cromlix hotel.
This 15-room hotel, co-owned with his wife Kim, holds a special significance for the Murray family.
It was the venue for his grandparents` silver wedding anniversary celebration in 1982.
Additionally, Andy’s brother Jamie celebrated his wedding there in 2012.
Under their management, the hotel has received numerous accolades, including a Michelin key.
It was also recognized as Scotland`s best hotel at the 2024 AA Hospitality Awards.
The couple has reinvested in the property, including ambitious plans for a new restaurant.
They have undertaken several renovations and intend to add a wellness cottage and expand the number of bedrooms.
However, recent financial reports indicate that Cromlix LLP experienced losses. Last year, the company posted losses of £919,572, and the hotel business specifically reported a loss of £369,045 for the year ending March 31, 2024.
Best of British
Murray, a father of four, became an early investor in Castore, a British sportswear company.
He was also the first athlete to endorse the brand, which now designs kits for numerous professional football clubs, cricket teams, and golfers.
Murray collaborated with Castore to launch his own collection, AMC.
He explained, “I had long desired to create my own apparel brand.”
“I recognized a gap in the market for sophisticated tennis apparel and identified Castore as a brand capable of helping me produce something I could be truly proud of.”
“I appreciate that they are a British company, founded by two brothers, and their commitment to sustainability.”
“I believe authenticity is crucial. If a brand partnership lacks genuineness, it becomes apparent quickly and ineffective.”
Still Connected to Sport
Although Murray has stated he does not intend to pursue tennis coaching, he recognizes the growing influence of sports.
He is an avid enthusiast of padel, a sport originating from South America that combines elements of tennis and squash.
This interest led him to invest in Game4Padel, a company that installs padel courts in tennis clubs at no initial cost, recovering their investment through court rentals.
Following Rafael Nadal, Murray also invested in the Hexagon Cup, a padel tournament where he now owns a team.
Additionally, he has invested in TMRW Sports, a tech-focused sports venture co-founded by Tiger Woods and Rory McIlroy, and Halo Hydration, a sports drink company.
Beyond sports, his 77 Management company, valued at £21 million in 2023, has diversified investments, particularly in technology, following strategic advice.
