“It Was Not About a One-Time Investment”: Maria Sharapova Reveals Why She Partnered With TheraBody
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Tennis player Maria Sharapova poses for the media as she is unveiled as car manufacturer Porsche’s new brand ambassador at the Porsche Museum on April 22, 2013 in Stuttgart, Germany. (Photo by Thomas Niedermueller/Getty Images)
Last year, Russian star Maria Sharapova ended her tennis career. She was definitely sad about it but it allowed her to enter a new chapter of her life as a businesswoman.
Towards the end of 2020, the Russian invested in Therabody, formerly known as TheraGun. They are known for their eponymous massage tool and many other high-end products. Why did she make this investment? Maria answered this question in a recent interview. She said,
“I learned about Therabody much earlier than I became an investor in the project, when I was a professional tennis player. At first, I was attracted by the technology aimed at rehabilitating athletes from different disciplines, and then I learned that the company was looking for a partner. “
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“Moreover, it was not about a one-time investment: they needed a consultant from the world of sports, a like-minded person who would help with entering international markets. I decided – it’s great, I like to apply my experience in practice. It is generally useful to involve athletes in such projects: we experience the ultimate capabilities of the body in our own skin.”
(Quotes are translated)
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RANCHO MIRAGE, CA – MARCH 28: Maria Sharapova of Russia making a key note speech during the ANA Inspiring Women in Sports Conference . It was a preview for the 2017 ANA Inspiration at the Mission Hills Country Club. It was on March 28, 2017 in Rancho Mirage, California. (Photo by David Cannon/Getty Images)
Maria Sharapova Doing Really Well In Business
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It is great that Maria is working with TheraBody but that isn’t her only project. One of the Russian’s biggest businesses is the candy brand Sugarpova which she started in 2013. She recently revealed why as she said,
“Sweets have always been a passion of mine and a big part of my life growing up. I am a big believer in balance and, to me, sweets represent a sense of accomplishment.”
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Today, Sugarpova earns $20 million in annual revenue which is absolutely amazing. This has contributed heavily to Maria’s $200 million net worth and hopefully, she will build on it in the future.
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