David Beckham Just Spent 50 Million To Buy The Rest Of His Company A 150 Million Valuation

Beckham reportedly purchased a one-third stake in Beckham Holdings for $50 million. That puts a $150 million valuation on his company. Beckham bought out the minority stake held by Fuller, who earned a majority of his fortune from creating American Idol. Beckham and his wife Victoria now have full control of the company. It’s the latest move for Beckham’s brand, which has flourished ever since he began playing in the MLS. As part of his joining the Los Angeles Galaxy in 2007, Beckham was able to purchase his expansion team for the massively discounted price of $25 million.

Beckham made $50 million over his five-year deal, double what he ultimately paid to own a team. Coincidentally, it’s the same amount he’s using to now gain control of his whole company. Beckham Brand Holdings made $72.4 million in revenue, keeping $16 million as profits for the 2017 fiscal year. The company has 10 holdings, including Victoria Beckham’s fashion wholesale, retail, and e-commerce businesses, Beckham Brand Limited, Miami Properties LLC, and Miami Beckham United LLC. The 44-year-old hasn’t played a soccer match since 2013. But he’s hardly been silent since hanging up his cleats. Now that he and his wife own the entirety of their company, they’ll get to work on building up their combined net worth of $900 million.