As Surfing Makes Its Olympic Debut, Billionaire-Owned WSL Hopes To Catch A Wave Of Opportunities
Yesterday in Forbes, Isabelle Bousquette - who's byline reads "I write about billionaires for Forbes" - wrote about surfing's most famous billionaire.
In what was a fairly pedestrian article, no doubt given the green light simply cos of the Olympics, a few nuggets of gold were found in the bottom of the pan. Among them:
- Ziff invested $25 million into ZoSea in 2012, after ZoSea acquired the ASP for nix.
- In 2017 he invested a further $25 million - the figure gleaned from a recent lawsuit.
- Though it isn't clear, the timing would indicate the second $25 million was what he paid for the Kelly Slater Wave Company (pool revealed in 2015, money paid in 2016, the same year the Woz bought KSWC)
- One-time Woz CEO Paul Speaker was sacked, with Ziff paying $12 million for the majority of Speaker's ZoSea shares.
- Pre-pandemic, Ziff was rumoured to be shopping the League around, asking price $150 million.
- Beach Grit gets an appropriate name drop.
There's also a bunch of stats and figures - YouTube views, hours of online content watched - that seemingly assert the Woz's rising popularity but they're nonsense figures one and all.