David Beckham earned £657k-a-week in 2022 and shared £8million in dividends with business empire Victoria – despite her fashion losses
David Beckham earned a whopping £657,322 a week in 2022 – when he and wife Victoria shared an £8million dividend from their business empire.
The power couple entered 2022 feeling flushed after sales of their ventures skyrocketed following lockdowns – with the former Spice Girl’s fashion range posting a loss.
Beckham Brand Holdings, which acts as the umbrella company for David’s investments and branding and Victoria’s fashion and beauty company, said in accounts filed that profits for 2021 reached £19.1m, up from £11.6m a year earlier.
Wow! David Beckham (pictured December 2022) earned £657k-a-WEEK in 2022 and shared £8m in dividends with Victoria from her business empire – despite her fashion losses
Most came from DB Ventures – the former English soccer player’s brand is licensed to video game maker Electronic Arts, Adidas, watch company Tudor, whiskey brand Haig Club and car manufacturer Maserati, among others.
DB Ventures revenue increased to £34m from £11.4m while profits rose to £24.1m from £12.9m.
Victoria’s arm, which has historically been propped up by her husband’s success, has seen losses drop from £8.7million to £5.9million as sales rose 13 per cent to £40.9million.
Oh dear: The power couple entered 2022 feeling blush after post-lockdown sales at their ventures skyrocketed (pictured in 2019)
Victoria Beckham Holdings, partly owned by the Beckhams and partly owned by London-based private equity firm Neo Investment Partners, has launched a turnaround plan in 2021.
It has merged two clothing lines – including the flagship range and the more ‘playful’ sister line VVB – under one brand and ‘reshuffled’ all processes from sourcing to manufacture to delivery.
Chief Executive Marie Leblanc said: “2021 was the successful turnaround of Victoria Beckham Limited and 2022 looks set to be an even stronger year. We have started a new chapter and our energy is focused on accelerating growth and leading the brand to its full potential.
‘With the successful launch of leather goods in 2022 and the continued acceleration of beauty sales growth, we have high expectations.’
Beckham Brand Holdings paid the Beckhams a total dividend of £6.3m over the course of 2021, plus a further £1.8m after the year-end.
The company also owns David’s stake in US soccer club Inter Miami, which he co-owns with brothers Jorge and Jose Mas.
By the end of 2021, his stake in the football club was valued at £23million, according to the accounts.
Web has reached out to a Beckham representative for comment.
Stunning: DB Ventures revenue soared from £11.4m to £34m while profits soared from £12.9m to £24.1m (David and Victoria pictured in 2018)