Cristiano Ronaldo Ventures into Online Luxury Watch Market as Shareholder of Chrono24
Renowned footballer and avid luxury watch enthusiast, Cristiano Ronaldo, has made a significant investment in the online marketplace Chrono24. The company made the exciting announcement on Tuesday, July 11, unveiling Ronaldo as a new shareholder with an undisclosed stake in the business.
In an Instagram photo shared by Ronaldo, the 38-year-old former Manchester United and Real Madrid player can be seen alongside Tim Stracke, the co-chief executive and founder of Chrono24.
This news has ignited tremendous enthusiasm among watch enthusiasts worldwide, as Ronaldo's deep passion for timepieces combines with his business acumen, promising to elevate both to new heights.
Established in 2003, Chrono24 takes pride in offering a vast selection of over 530,000 watches from more than 3,000 reputable dealers. The online marketplace has already attracted notable shareholders such as Aglae Ventures (the family investment company of Bernard Arnault), General Atlantic, Insight Partners, and Sprints Capital.
Ronaldo's investment in Chrono24 comes as no surprise given his well-known affinity for luxury watches.
The football superstar, currently playing for Saudi Arabian side Al-Nassr under a staggering £175 million per year contract, has amassed a personal collection of timepieces worth approximately £5 million.
From the exquisite £1.6 million Franck Muller and Van Cleef & Arpels watch adorned with 474 white diamonds to the unique Hublot ‘Masterpiece' valued at a minimum of £800,000, Ronaldo's taste in watches exemplifies opulence.
