DeAndre Hopkins, the talented footballer who recently inked a $26,000,000, two-year deal with the Tennessee Titans, has not only excelled on the field but has also showcased his financial prowess through off-field investments. His venture into Beyond Meat, a leading plant-based meat substitute company, initially proved fruitful for him. Four years ago, Hopkins had decided to invest heavily in the company.
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Back in 2019, DeAndre Hopkins joined a group of superstar investors from various fields in backing Beyond Meat. This plant-based meat substitute company quickly gained traction and became a leader in the industry. Hopkins had invested in Beyond Meat and within one year, his investment got a 5x jump. However, the market hasn’t been very kind to the company in the recent past.
DeAndre Hopkins’ Investment in Beyond Meat
In 2019, Hopkins joined an illustrious group of investors from various fields who backed Beyond Meat, including prominent figures like Kyrie Irving, Shaquille O’Neal, and Chris Paul. The collective belief in the company’s vision and the growing demand for plant-based alternatives contributed to Beyond Meat’s impressive growth.
Within just one year of Hopkins’ investment, as per Huddleup.substrack, Beyond Meat went public a few months later at $25 per share, and its stock quickly soared to $136. The value of his stake soared by an astounding fivefold in super quick time, reflecting the company’s meteoric rise in the market. However, it then nosedived and currently stands at $17.80.
Nevertheless, Beyond Meat’s impressive performance in the first year suggests that there might still be some hope from the product. Over the years, Hopkins has demonstrated a diversified investment portfolio. He has made strategic investments in various ventures, such as Oars + Alps, a natural skincare brand that was acquired for $20 million by SC Johnson. He also made investments in Therebody, a leading wellness technology company, and BioSteel, a sports drink company.
DeAndre Hopkins Agrees to Lucrative Two-Year, $26 Million Deal with the Tennessee Titans
DeAndre Hopkins, the star wide receiver, has made his decision on his next NFL team. He has agreed to sign a two-year contract with the Tennessee Titans worth $26 million, as reported by various sources. The deal includes incentives that could potentially push the total value to $32 million.
Under the terms of the contract, Hopkins has the opportunity to earn up to $3 million in incentives each season. These incentives are based on reaching specific milestones in receptions, receiving yards, and receiving touchdowns. For instance, he can earn bonuses for reaching targets such as 65 receptions, 1,050 receiving yards, and 10 touchdowns.
The Titans made a strong impression on Hopkins during their visit, pulling out all the stops to showcase their interest. His familiarity with some members of the coaching staff, including head coach Mike Vrabel and offensive coordinator Tim Kelly, likely played a role in his decision.
With the addition of Hopkins, the Titans aim to bolster their receiving corps and provide a significant boost to their offensive output. The team struggled in the passing game last season, and Hopkins’ elite skills and playmaking ability will be a valuable asset for quarterback Ryan Tannehill and the entire offense.
