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Tuesday, April 16, 2024
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A-Rod’s Rapidly Expanding Investment Portfolio

  • Alex Rodriguez continues to add to his investment portfolio.
  • A-Rod and Marc Lore have formed a formidable investment duo.
Mark J. Rebilas-USA TODAY Sports/Design: Alex Brooks

Alex Rodriguez made over $455 million playing baseball, but he’s not resting on his laurels.

Rodriguez is arguably as active in business as he was on the field, especially since linking up with Marc Lore, who stepped down as Walmart’s head of e-commerce this year.

On Wednesday, A-Rod and Lore’s firm VCP was announced as an investor in Tornado, an online brokerage that focuses on educating stock traders. Barstool Sports founder Dave Portnoy also bought into the $10 million round.

  • That same day, Rodriguez and Lore officially joined the ownership group of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx. The two are expected to be controlling owners by 2023.
  • He and Lore are major investors in NOWwith, a social commerce company that’s raised $18 million and also counts heavy hitters like DAZN chairman Kevin Mayer and singer Dolly Parton as backers.
  • A-Rod Corp. has invested in at least 62 companies, including Dick’s Sporting Goods, Oura, Snap, Acorns, and UFC Gym.

Next on the agenda may be a big move into the collectibles space: A-Rod and Lore’s SPAC Slam Corp. is in talks with Panini on a $3 billion merger.

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