Latest news with #ShermanFinancialGroup
Yahoo
10-07-2025
- Business
- Yahoo
Women's Tennis Star Refuses To Apologize For Having Billionaire Dad
Women's Tennis Star Refuses To Apologize For Having Billionaire Dad originally appeared on The Spun. A women's tennis star from the United States has a billionaire for a father - and she's not apologizing for it. Advertisement Wimbledon is entering its final days. The women's semifinals are set to take place on Thursday morning, with the men's semifinals taking place on Friday. The men's semifinals are particularly loaded, with Carlos Alcaraz set to take on Taylor Fritz in one match and Jannik Sinner set to take on Novak Djokovic in another. American women's tennis star Emma Navarro was hoping to make a deep run, though she fell in the Round of 16 to No. 7 seed Mirra Andreeva. Navarro, 24, has been on the rise in recent years. She has a career high world ranking of No. 8 and she reached the semifinals of the U.S. Open in 2024. She also has a billionaire for a father. LONDON, ENGLAND - JULY 03: Emma Navarro of the United States during her post-match interview after defeating Naomi Osaka of Japan in the second round on Day Three of The Championships Wimbledon 2024 at All England Lawn Tennis and Croquet Club on July 03, 2024 in London, England (Photo by)Navarro, who grew up in New York, is the daughter of billionaire Ben Navarro. His net worth, according to Forbes, is checking in at about $4.8 billion. Advertisement Ben Navarro is "a former Citigroup vice president" who started Sherman Financial Group "in 1998 and built it into a credit card and debt collection empire," according to Forbes. He's made about 1,043 times as much money as his daughter, who has earned just over $4 million in prize money. While being the daughter of a billionaire likely comes with several advantages, Emma refuses to apologize for it, or suggest that it helped her career in any way. "I don't read anything. I don't read the comments, the articles, any of that stuff. I don't know what the fans are saying. There will be headlines and they kind of mention that which is fine, but I didn't grow up being handed things," she told Tatler of her dad's massive net worth. "We grew up in a sort of traditional way. We'd get up at 6 a.m. on a Saturday morning and go play tennis… growing up it was a priority that we learnt toughness and we learnt work ethic and how to be intentional and purposeful and live productive lives so I don't love being referred to as whoever with however much money's daughter. It's a label I don't really like." NEW YORK, NEW YORK - AUGUST 30: Emma Navarro of the United States in action against Marta Kostyuk of Ukraine in the third round on Day 5 of the US Open at USTA Billie Jean King National Tennis Center on August 30, 2024 in New York City (Photo by)Once you're on the court, it doesn't matter how much money you have or who your parents are. That's for sure. Advertisement But did Emma's upbringing have anything to do with where she is today? Women's Tennis Star Refuses To Apologize For Having Billionaire Dad first appeared on The Spun on Jul 10, 2025 This story was originally reported by The Spun on Jul 10, 2025, where it first appeared.
Yahoo
07-07-2025
- Sport
- Yahoo
She's Starring At Wimbledon. Her Dad Is Worth $4.8 Billion
She's Starring At Wimbledon. Her Dad Is Worth $4.8 Billion originally appeared on The Spun. Emma Navarro, the women's tennis star, is looking to advance to the quarterfinals at Wimbledon on Monday, July 7. The American tennis star is currently trailing her opponent No. 7 seed Mirra Andreeva, one sets to zero. But Navarro is off to a good start in the second set. Advertisement While Navarro is best known for her play on the court - she's risen up to No. 8 in the world rankings and has accumulated $4,609,453 in prize money - she has a ways to go before matching her family's career earnings. Navarro's dad is American billionaire Ben Navarro. According to Forbes, his net worth is checking in at about $4.8 billion. That's 1,043 times as much money as his daughter has earned on the tennis court. Ben Navarro is "a former Citigroup vice president" who started Sherman Financial Group "in 1998 and built it into a credit card and debt collection empire," according to Forbes. LONDON, ENGLAND - JULY 03: Emma Navarro of the United States in action against Naomi Osaka of Japan in the second round on Day Three of The Championships Wimbledon 2024 at All England Lawn Tennis and Croquet Club on July 03, 2024 in London, England (Photo by)Emma Navarro, who grew up in New York, does not like the "billionaire's daughter" label. She's succeeding in a sport that is pretty black and white when it comes to success and failure. Her dad's money isn't winning her matches at Wimbledon or in Flushing at the U.S. Open. Advertisement But, obviously, it helped get her where she is. Navarro surely had better access to coaches, training, courts, etc. than most players growing up. But such is the nature of sports in 2025. We're seeing more and more kids of athletes and celebrities succeed in sports in 2025. Navarro is not alone in that category, that's for sure. But she definitely doesn't like the label. NEW YORK, NEW YORK - SEPTEMBER 01: Ben Navarro, father of Emma Navarro of the United States, looks on against Coco Gauff of the United States during their Women's Singles Fourth Round match on Day Seven of the 2024 US Open at USTA Billie Jean King National Tennis Center on September 01, 2024 in the Flushing neighborhood of the Queens borough of New York City. (Photo by)"I don't read anything. I don't read the comments, the articles, any of that stuff. I don't know what the fans are saying. There will be headlines and they kind of mention that [ which is fine, but I didn't grow up being handed things," she told Tatler of her dad's massive net worth. Advertisement "We grew up in a sort of traditional way. We'd get up at 6 a.m. on a Saturday morning and go play tennis… growing up it was a priority that we learnt toughness and we learnt work ethic and how to be intentional and purposeful and live productive lives so I don't love being referred to as whoever with however much money's daughter. It's a label I don't really like." Navarro will continue to push past that label. A win at Wimbledon would certainly help put her into her own category. She's Starring At Wimbledon. Her Dad Is Worth $4.8 Billion first appeared on The Spun on Jul 7, 2025 This story was originally reported by The Spun on Jul 7, 2025, where it first appeared.
Metro
07-07-2025
- Business
- Metro
Wimbledon star worth £3 billion plays on Centre Court today - but who is she?
American tennis player Emma Navarro, sitting on a £3 billion inheritance, faces Mirra Andreeva on Centre Court at Wimbledon 2025 today. The 24-year-old is set to become richer than Roger Federer, Rafael Nadal and Novak Djokovic combined due to the wealth of her father Ben Navarro. Navarro is seeded 10th in the women's singles and takes on Russian seventh-seed Andreeva with a spot in the quarter-finals on the line. Here's everything to know about Navarro ahead of her fourth-round match at this year's Championships against Andreeva on Monday, July 7… Emma Navarro is an American tennis player born in New York City who resides in Charleston, South Carolina and is coached by Peter Ayers. Her prize money on the WTA Tour to date is $4,637,393 (£3,376,381) and she has clinched two titles so far, which came at the 2024 Hobart International in Australia and 2025 Merida Open in Mexico. Navarro conjured up her best performance at a major tournament last year with a run to the US Open semi-finals. She is playing in the Wimbledon main draw for just the third time having made her debut in 2023 when she crashed out in the first round to Magdalena Frech. At last year's Championships – on her second main draw appearance – Navarro reached the quarter-finals as the 19th seed after a series of impressive wins, eliminating Coco Gauff in the fourth round, before she was eventually beaten by runner-up Jasmine Paolini. Navarro is right-handed with a two-handed backhand and she has won 225 singles matches on the WTA Tour, while she has lost 129. It's because of her family. She is the daughter of extremely rich investment tycoon Ben Navarro. More Trending He is the founder and owner of Sherman Financial Group, which has assets such as Credit One Bank. The Wimbledon star is also the granddaughter of the late ex-Ivy League American footballer turned coach Frank Navarro. He served as a head coach for Williams College, Columbia University, Wabash College and Princeton University. MORE: I've camped in the Wimbledon queue 7 times – I'll never buy tickets MORE: Laura Robson names the one Wimbledon rule that should never change MORE: Andrew Castle snaps back at John McEnroe over controversial Wimbledon decision
Yahoo
05-07-2025
- Business
- Yahoo
Tennis Star Emma Navarro Reveals What She Thinks About Getting Labeled a 'Billionaire's Daughter'
Emma Navarro addresses the focus on her family's background The 24-year-old is the daughter of billionaire Ben Navarro Navarro won her first two matches and will next play in the third round of Wimbledon Championships on July 5Tennis star Emma Navarro is ranked 10th in the world with an NCAA championship and several quarter and semifinal Grand Slam finishes to her name — but too often for her liking, the focus is on her father's name, and his status as a billionaire. Navarro, 24, has cruised through her first two matches at the Wimbledon Championships, defeating Veronika Kudermetova and veteran Petra Kvitova both in straight sets. She's on to the third round — something most other American players cannot say as the Wimbledon carnage continues this week — but chatter about Navarro frequently focuses on her father, who runs Sherman Financial Group and is worth an estimated $4.8 billion. Navarro opened up about the "label" she often gets of a "billionaire's daughter" in an interview with U.K. outlet Tatler, just before the start of Wimbledon. Navarro explained her gripe with the subject: 'I don't love being referred to as whoever with however much money's daughter. It's a label I don't really like.' Navarro, who won the NCAA Singles Championship in 2021 as a member of the University of Virginia's tennis team, told Tatler her background does not mean she didn't work hard to rise through the challenging WTA tour. 'I didn't grow up being handed things. We grew up in a sort of traditional way. We'd get up at 6 a.m. on a Saturday morning and go play tennis," the former Cavalier said. "Growing up it was a priority that we learnt toughness and we learnt work ethic.' While Ben was involved in Navarro's tennis development from a young age, her mother Kelly provided a reprieve from the game, Navarro said, calling her, 'the rock of the family." Despite the unique quality of Navarro's background, she is not the only American female tennis player from a billionaire background. The current No. 3 ranked player, Jessica Pegula, is the daughter of Terry Pegula, who owns the Buffalo Bills and Buffalo Sabres and boasts a net worth of $7.6 billion. Pegula, who reached the finals of the US Open last September, was eliminated from Wimbledon in a shocking upset on Tuesday by Elisabetta Cocciaretto, who is ranked No. 116. Navarro, meanwhile, will continue on at Wimbledon — but with a tough matchup coming down the pike. The American plays 16th-ranked Barbora Krejčíková, who is defending her Wimbledon title from last year, on Saturday. Read the original article on People
New York Post
04-07-2025
- Business
- New York Post
Emma Navarro is not a fan of the ‘billionaire's daughter' label
Emma Navarro despises the 'label.' She doesn't think it's reflective of her childhood, of how hard she still had to work to get to this point as the No. 10-ranked women's tennis player in the world and a rising star in the sport. When Navarro, 24, was asked by Tatler ahead of Wimbledon about whether she was referred to as the 'billionaire's daughter' — with her father, Ben Navarro, a billionaire as the founder and CEO of Sherman Financial Group — at tournaments, she pushed back and said she doesn't 'really like' that description. Advertisement 3 Emma Navarro returns a shot during her match at Wimbledon on July 3. Getty Images 'I don't read anything,' Navarro, who won the NCAA singles championship at Virginia in 2021, told the magazine. 'I don't read the comments, the articles, any of that stuff. I don't know what the fans are saying. There will be headlines and they kind of mention that [her father's billionaire status] which is fine, but I didn't grow up being handed things. 'We grew up in a sort of traditional way. We'd get up at 6 a.m. on a Saturday morning and go play tennis. … growing up it was a priority that we learnt toughness and we learnt work ethic and how to be intentional and purposeful and live productive lives so I don't love being referred to as whoever with however much money's daughter. It's a label I don't really like.' Advertisement 3 Emma Navarro hits a shot during her July 3 match at Wimbledon. Imagn Images Ben Navarro, 62, has a net worth of $4.8 billion, and he founded Sherman Financial Group in 1998, according to Forbes. He attempted to buy the Panthers in 2018 but lost to David Tepper, the outlet added on Navarro's profile. Jessica Pegula, the No. 3-ranked women's tennis player, has also addressed the question of wealth and the perceived influence it has played, too — with her father, Terry Pegula, owning the Bills and Sabres with a net worth of $7.6 billion, according to Forbes. Advertisement 3 Emma Navarro reacts during her match at Wimbledon on July 3. AFP via Getty Images 'It's that people think I have a butler, that I get chauffeured around. I have a private limo, that I fly private everywhere … I'm definitely not like that,' Pegula said in September 2024 following a U.S. Open win. 'People can think what they want. I don't know. I just think it's kind of funny.' Navarro, a New York City native, pieced together the best Grand Slam cycle of her career in 2024, making the quarterfinals at Wimbledon and advancing to the U.S. Open semifinals before falling to then-No. 2 Aryna Sabalenka. She then made it to the quarterfinals of the Australian Open before an early exit at the French Open, and Thursday, she defeated Veronika Kudermetova in straight sets to advance to the third round of Wimbledon — where Navarro will face No. 17-ranked Barbora Krejčíková on Saturday.
