Maria Sharapova’s return to competitive tennis at Stuttgart’s Porsche Grand Prix last month was good news for her racket sponsor Head. The sports equipment company controlled by London-based Swede Eliasch was widely criticised for standing by the Russian during her 15-month ban for meldonium use. Head has also sponsored Sir Andy Murray throughout his career and the world No 1’s sparkling form has helped the company serve up a strong performance over the past year. It was floated in 2000 when Eliasch, 55, sold shares worth £87m. It had a market value of £73m when it was delisted in 2015. The Swede also made hefty profits investing in the Scholl health sandal firm.
In 2007 he bought a tract of Amazon rainforest the size of Greater London for £8m to help the fight against illegal logging. He continues spending more than £20m annually to support Brazilian rainforests. Earlier this year he said Brussels had more to lose from a hard Brexit than the UK, and revealed that German chancellor Angela Merkel told him she wanted a “sensible solution” to Britain’s exit from the EU.