Casper Rudd has impressed on the International Tennis Court recently. This weekend, the 23-year-old from Snarøya won his eighth ATP title when he emerged victorious from the thrilling final in Switzerland.
The Norwegian is now eighth in the world and soon ready to compete in Paris at the Roland Garros Grand Slam. The success of the tennis court gave Rod tens of millions of crowns in prize money.
The tennis star has also been very successful in the stock market for a while after betting on winning stocks. But the wind has now turned.
Same post as Haudemann-Andersen
Through his wholly owned company Ruud Awakening, Casper Ruud has invested in stocks and in the past two years has invested 14-15 million NOK in the stock market. Finansavisen writes that in 2020, Rudd is a huge success with his investments. This year, the professional tennis player earned almost ten million kroner.
At the end of 2019 and 2020, Rudd owned shares in the vaccine company Nykode Therapeutics (formerly known as Vaccibody) and the education company Kahoot. Both stocks did really well in 2020 and gave the tennis team a boost.
What the two companies have in common is that they also have investor and billionaire Jan Houdmann-Andersen as a major shareholder. He also made an approximate profit on these stocks in 2020.
But in the past year, Rudd’s stock investment has turned abruptly.
Recently submitted accounts for Ruud Awakening show a deficit of about NOK 400,000, a sharp drop from the previous year. And if the tennis star still holds the same shares, the losses have been even greater this year.
“I have never and will never comment on income or expenses for Ruud’s team or Casper in particular,” says Casper Director Ruud Venke Aure.
Sharp drop in prices
At the beginning of 2022, Ruud Awakening acquired shares in Nykode, Kahoot and the IT company Techstep. All three of these stocks are also the three largest positions in the portfolio of Jan Haudemann-Andersen, who Himself an avid tennis player.
At the beginning of the year, Rudd also acquired shares in Nykode privately and through Rttm Holding. Privately and through the two companies, at the beginning of 2022 he owned 265,000 Nykode shares.
At the time, the value of the Nykode, Kahoot and Techstep holdings together was just over NOK 23 million.
The value of the three stocks fell sharply on the Oslo Stock Exchange this year.
If the same equity is used today, today it is equal to just under 11 million NOK. This will mean a decrease in the value of nearly NOK 13 million on these three stocks so far this year. Of this, about 12 million are associated with Nykode. Monday’s latest shareholder lists show that Rudd has consolidated his position in Nikod. Privately and through the two companies, he now has 425,000 shares in the Norwegian Vaccine Company. At today’s exchange rate, it is worth about 15 million Norwegian kroner. Kahoot’s updated shareholder lists also show that Ruud has purchased multiple shares in this company this year. Through his two companies, he now owns a total of 80,000 Kahoot shares.
Early in the year, Ruud Awakening also acquired shares in Ocean Geoloop, which went public in March of this year. Since the listing, the stock price has fallen about 24 percent. Through the Rttm Holding, founded last year, the tennis player early in the year also owned shares in salmon farms Atlantic Sapphire and Icelandic Salmon and IT firm Nordic Semiconductor.
Although many of Rudd’s stocks have gone in the wrong direction this year, he is fortunately making good money from his main business, winning tennis matches and championships. according to ATP . round This year, Rudd raised $1.64 million in prize money. This corresponds to approximately 16 million Norwegian kroner.
In total during his career, Rudd has amassed about $6.4 million in prize money, according to the ATP Tour, which equates to about 62 million kronor at today’s krone exchange rate.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.
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