Maria Sharapova had a glittering tennis career. Early on in her career, she moved to the United States from her native country to carve a niche for herself in tennis. Further, that move proved to be a turning point in her career as Sharapova soon began to rise the ranks in women’s singles.
In just her second attempt at The Championships, Wimbledon in 2004, Sharapova won the title. She defeated her long-time rival, Serena Williams, in the summit clash of that tournament. Since then, she has added four more major titles to her kitty to take her tally to five Grand Slam titles.
Apart from her on-court exploits, Sharapova is a successful businesswoman too. Moreover, she owns several businesses, which she has concentrated on after her retirement in 2020.
A look into the business world of Maria Sharapova
Sharapova is the co-founder of a high-end candy company named ‘Sugarpova‘. It was founded in 2012. Over the years, the company has added items such as chocolates, gummies, gumballs, and truffles to its growing list of portfolios. Further, the brand has these products made from natural, gluten-free, and non-GMO ingredients, which its website claims.
Sharapova’s career-threatening shoulder injury during that period was the motivation behind launching this company. Additionally, her fondness for sweets made her align with the direction of this brand. Sharapova, who studied management and leadership at Harvard, led this company on the road to success.
Sharapova’s investments in recent years
In the aftermath of her retirement in 2020, Sharapova invested in tech wellness brand, Therabody. Formerly called Theragun, Sharapova joined as a strategic advisor to grow the brand globally.
Talking about this partnership, Sharapova said, “I think my biggest strength as an investor is that I’m able to bring a 360-degree outlook to the table — as an athlete, an entrepreneur, and a consumer. Since Therabody’s launch, they have continued to demonstrate they are on the cutting-edge of combining technology, fitness, and wellness, bringing more balance to people’s lives.”
Further, Sharapova has invested in Ultimate Fighting Championships (UFC) and sunscreen company Supergoop. She even appeared as a guest on ABC’s Shark Tank, where she and Mark Cuban invested in a wearable weights company called Bala Bangles. Last year, Sharapova bought an equity stake in Public.com, which is an investment platform.
Sharapova came to the United States with limited monetary resources. It made her a responsible person. Although she didn’t have a memorable end to her tennis career, she has grown her business empire exponentially. She is an active investor who likes to invest in companies showing good potential. Her recent stake in Public.com is a step in that direction. With this, her list of business ventures will keep ever-growing!