BUSINESS

David Beckham Turns Cannabis Farmer, As Net Worth Hits $450 Million

Former Man United footballer David Beckham is worth approximately $450million thanks to a football career which spanned 21 seasons and a host of valuable commercial endorsements around the world

David Beckham has found the scoresheet once again after investing in a synthetic cannabinoid company which has launched on the London Stock Exchange.

Beckham’s investment vehicle DB Ventures holds a 5 per cent stake in Cellular Goods, whose stock rose 310 per cent upon it’s floatation on Monday.

It means the stock, which had initially been valued at a conservative £25million, now has a market capitalisation of above £100million.

That’s good news for the former Man United and England footballer with his £2.5million holding worth £3.9million at the stock’s peak.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown believes Beckham’s name added extra interest to the company’s performance.

She said: “David Beckham’s backing certainly added a celebrity glow to its listed debut.

“It might seem a bit of a curve ball for a man known for free kicks rather than scoring on the financial markets, but his personal brand has given the launch a bit of a kick.’’

Beckham is worth in the region of $450million thanks to a career which has taken the 45-year-old from Leytonstone to Los Angeles.

He enjoyed a 21 seasons as a professional footballer and played for some of the world’s biggest names, including Real Madrid, AC Milan, LA Galaxy and Paris Saint-Germain.

But it was at Manchester United where a fresh-faced Beckham made his name after scoring from the halfway line against Wimbledon.

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