Leading Global Marketplace For Luxury Watches Convinces Ronaldo To Invest
The renowned Portuguese footballer, Cristiano Ronaldo, has decided to invest his money in Chrono24, a leading online platform specializing in the sale of luxury watches.
Chrono24 is marking its 20th year in business and retails a variety of luxury new, used and vintage watches, as well as accessories.
The announcement was made by the German company which claims to be a leading force in this dynamic market, according to AFP.
Cristiano Ronaldo holding a t-shirt with the Chrono24 logo (Photo credit: chrono24.com)
Cristiano Ronaldo, a watch collector
Cristiano Ronaldo is not just acclaimed as a football player, he has also been known to be a watch collector.
In fact, his collection is about as impressive as his sporting career.
“As an athlete, it takes him roughly 90 minutes to win. As an obsessive watch collector, he did it in seconds. Watch lovers all over the world, we have amazing news for you: Cristiano Ronaldo, the football unicorn just joined Chrono24 as a shareholder,” the online marketplace said.
Proud To Invest In Chrono24
The 38-year-old striker’s investment solidifies Chrono24’s unicorn status in the luxury watch market.
In August 2021, Chrono24 secured $118 million in a Series C round led by these investors, resulting in a valuation exceeding $1 billion today
In a statement released on the company's website, Cristiano Ronaldo expressed his delight in becoming a shareholder of the company, given his long-standing passion for collecting watches and being a regular customer of Chrono24.
However, the exact percentage of Ronaldo's investment and the amount he paid remain undisclosed in the statement, and further details were unavailable as Chrono24 could not be reached for comment.
It's worth noting that Chrono24 also boasts other notable investors, including Frenchman Bernard Arnault, the head of LVMH, a luxury conglomerate.
Recent years have seen a surge in the pre-owned luxury watch market, fueled by Millennials (those born between 1980 and the late 1990s) and Generation Z (born between 1997 and 2010) who aspire to consume luxury in a more responsible manner for the sake of the planet's future.
Chrono24 has more than 530,000 watches from 3,000-plus dealers and 30,000 private sellers across 120 countries.
The portal reaches more than nine million unique visitors per month.
About Cristiano Ronaldo
Cristiano Ronaldo, 38 years old, currently serves as a forward for Al Nassr FC and is the captain of Portugal’s national team.
His remarkable achievements include an impressive collection of five Ballon d'Or Awards, four European Golden Shoes, 32 trophies, seven league titles, five UEFA Champions Leagues, one UEFA European Championship, and one UEFA Nations League title.
Additionally, Cristiano Ronaldo boasts an astounding tally of 140 goals and 42 assists in the Champions League and holds a record-breaking total of 835 goals scored for both club and country.
Cristiano Ronaldo, who is known by fans as CR7, became the first footballer to cross $1 billion in career earnings in 2020.
A recent report Forbes released reveals that Cristiano Ronaldo earned an impressive $136 million last year from his contracts with Manchester United and Al Nassr and various endorsements.