Former MLB legend Alex Rodriguez was not only talented on the baseball diamond, but has great business acumen too. A-Rod retired in 2016 after 22 seasons as a pro baller and left many wanting more from him. But even after retirement, the former Yankee has kept himself busy with his various pursuits, including different businesses. And so far, his knack for investment seems to be serving him well.
Rodriguez founded the investment firm A-Rod Corp way back in 1995, and now he serves as CEO of the billion-dollar company. Along with part ownership of the Minnesota Timberwolves, Rodriguez has also served as a guest on the business reality TV show Shark Tank. Not only that, the former shortstop has actually made some good deals, including a tool for champagne bottles.
Alex Rodriguez once invested in a champagne bottle tool called Bubbly Blaster
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At parties, popping open the cork of a bottle of bubbly is more fun than actually drinking it. However, the liquid usually flows everywhere and makes a mess. Entrepreneurs Stason Strong and Bradley Hall pitched their item, Bubbly Blaster, to solve exactly this problem. The two businessmen appeared on season 12, episode 10 of the show with their $99.99 tool that makes for easy spraying.
As the name might suggest, Bubbly Blaster is a champagne shooter with a water gun-like shape. The two entrepreneurs sought an investment of $120,000 in exchange for 20 percent equity. And the sharks, billionaire Marc Cuban and former MLB star Alex Rodriguez, were only too happy to oblige. The final deal was made at $180,000 for a 30 percent share.
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A-Rod’s first-ever Shark Tank deal made headlines because of his then partner
The limelight is a part of life when you’re a celebrity, and privacy is a luxury. Rodriguez and his former fiancee Jennifer Lopez served as popular fodder for news outlets throughout the four years they were together. Aside from their individual celebrity status, the romantic…