After winning his 10th world surfing title last week, Kelly Slater was given the option of a multi-million dollar bonus or an ownership stake in Quiksilver by his longtime sponsor.
While the bonus was rumoured to be in the neighbourhood of $10 million, Slater chose a 3 per cent stake in the company, the Sydney Morning Herald reports.
The surf company’s market cap is about $730 million, so Slater’s stake is worth $22 million.
Slater, 38, has been a lead Quiksilver endorser for 20 years – the company says it’s grown 1000 per cent in that time – so it’s a nice gesture from the surfer/skater apparel king.
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