A revolutionary skateboarder, Tony Hawk, achieved greatness in life. He put skateboarding on the world map and continues to promote the sport. Apart from being a sensational skateboarder, Hawk invested in companies that fetched him millions. Likewise, he has his own video game that he gets royalties for. Now, one of his investments has proved to make a difference in the market.
Along with celebrities and sporting personalities like Tom Brady, Naomi Osaka, Kevin Durant, and others, Hypebeast is a leading global platform. It is a digital media and e-commerce company focused on culture and lifestyle. Now, the company will be dual-listed on NASDAQ under the ticker symbol ‘$HYPE’. Hence, it is a step forward for these budding entrepreneurs.
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A brilliant investment by Tony Hawk
Significantly, Hawk and other investors joined hands together to start a digital media company that now has 26 million followers worldwide. It helps leading brands to engage with new age community and millennial audiences. A successful company from the start, Hypebeast is expected to be dual-listed on NASDAQ. A merger with Iron Spark will provide the company with $180 million in total gross proceeds.
The company achieved a CAGR of 34% from 2015 to 2021. Thus, this company has helped Hawk to develop his eye for investing in good business ventures. The presence of Rich Kleiman, Joe Gebbia, Jonah Hill, and Adam Levine helps the company to maintain its brand value. Investments are a major part of an athlete’s life these days. Many of them went bust after their successful careers. But, Hawk is making millions. His business ventures help him attain a net worth of a staggering $140 million.
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Investing in profit-making companies
All the wealth he acquired comes from prize money, endorsement deals, business ventures, and other appearances fees. To sum up, he knows the game inside out. Nevertheless, he started selling skateboards at a very young age. By earning $100,000 when he was young, he was more wealthy than his school teachers. He generated billions from his famous Tony Hawk’s Pro Skater series.
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From one investment to another, Tony Hawk’s unparalleled success is laudable. There are hardly a few extreme sports athletes who were as successful as he is. The legacy he leaves in skateboarding and his long-lasting business empire is to be noted.
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