Beckhams make more from their second careers than their first

Updated
Beckhams make more from their second careers than their first
Beckhams make more from their second careers than their first


Victoria Beckham earns more now as a fashion designer than she ever did as a Spice Girl, with her business turning over £34 million a year.

But while her turnover is double the £17 million husband David made from marketing and sponsorship deals last year, she hasn't seen much of it. Accounts submitted to Companies House show that Victoria Beckham Ltd made a net loss, despite turning over £9 million more than last year.

Last year, Victoria was named Entrepreneur of the Year by Management Today magazine, which highlighted her company's sales growth of 2,900% over the last five years and described her as 'a supremely talented entrepreneur in the fashion business'.

Her product ranges have been expanded to include £18,000 handbags as well as makeup, denim and the lower-cost Victoria, Victoria Beckham range. Her company's expected to go into profit in the next couple of years.

Meanwhile, David's companies, which handle the licensing of his image rights, made a profit of £12.7 million.

During the year, the couple restructured their companies to create an umbrella company, Beckham Brand Holdings, which paid each of them a £3 million dividend. Manager Simon Fuller, the third shareholder in the company, received a similar amount.

According to the London School of Marketing (LSM), the Beckham family is now worth around £470 million - more than the Queen - and their brand value is rising by around £30 million to £40 million a year.
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David retired from football in 2013. And, like Victoria, he is now making more from his second career than his first. While he earned around £30 million a year at the peak of his footballing career, the LSM researchers calculate that he made a total of £50 million last year, mainly from a multi-million-pound contract with drinks giant Diageo to promote a new whisky.

He also has marketing and advertising deals with Adidas, H&M and Breitling, and is now the highest paid ex-sportsman in the world.

Many ex-footballers struggle to keep afloat after retiring from the game: last year, for example, ex-England goalkeeper David James was declared bankrupt, despite having made an estimated £20 million during his footballing career.

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