Thanks to a remarkable tennis career, Andy Murray has accumulated a substantial fortune, estimated at £85 million.
The celebrated tennis player, aged 37, concluded his professional tennis journey after the Paris Olympics last year.
Even before retiring from professional tennis, Murray was already laying the groundwork for his post-sports career.
He strategically invested a significant portion of his wealth into diverse businesses, indicating his proactive approach to planning his future endeavors.
Murray, who also became a brand ambassador for the 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 prepare for retirement, and upon finishing, they face the question, `What do I do now?`”
“I discussed with them potential ventures I might consider or avoid, just to start generating ideas.”
“I am in search of a pursuit I am truly passionate about and willing to dedicate myself to achieving a specific goal.”
His initial major investment was the Cromlix Hotel, located near his hometown of Dunblane, acquired in 2013 for £2 million.
Subsequently, Murray became an early investor in the sportswear brand Castore. He also diversified his portfolio by investing in tech companies, including Perkbox, WeSwap, and Seedrs.
This diversified business portfolio is designed to secure his financial stability for the long term.
The Cromlix Hotel: A Passion Project
The Cromlix Hotel stands as the centerpiece of Murray`s business ventures.
This 15-room hotel, co-owned with his wife Kim, holds sentimental value for the Murray family.
It was the venue for his grandparents` silver wedding anniversary in 1982, and also where his brother Jamie celebrated his wedding in 2012.
Under their management, the hotel has received numerous accolades, including a Michelin key and being recognized as Scotland`s best hotel at the 2024 AA Hospitality Awards.
The couple has continued to invest in the hotel, with plans for a new restaurant and ongoing renovations, including a wellness cottage and additional bedrooms.
However, recent financial reports indicate that Cromlix LLP experienced losses, with a reported loss of £369,045 for the year ending March 31, 2024.
Castore and British Ventures
Murray invested early in Castore, a British sportswear company.
He became the first athlete to represent the brand, which now produces kits for various professional sports teams and athletes. Murray also collaborated with Castore on his own clothing line, AMC.
Murray expressed his affinity for the brand, stating: “I wanted to launch my own apparel brand for a while. I saw a gap in the market for fashionable tennis wear and identified Castore as a partner to help me create something I`m truly proud of.”
He added, “I value that they are a British company, founded by brothers, with a focus on sustainability. Authenticity is key in brand partnerships; it has to feel genuine.”
Continued Involvement in Sports
Although Murray has stated he is not planning a career in tennis coaching, he remains connected to the sports world, particularly in the growing sport of padel.
He is an enthusiast of padel, a sport blending tennis and squash, originating from South America.
This interest led him to invest in Game4Padel, a company focused on installing padel courts in tennis clubs, generating revenue through court rentals.
Following Rafael Nadal`s lead, Murray also invested in the Hexagon Cup, a padel tournament where he now owns a team.
Additionally, Murray has invested in TMRW Sports, a tech-focused sports firm co-founded by Tiger Woods and Rory McIlroy, and in Halo Hydration, a sports drink company.
Beyond sports, Murray`s 77 Management company, valued at £21 million in 2023, has expanded its investments into the tech sector, guided by strategic advice.
