Emma Navarro is not a fan of the ‘billionaire's daughter' 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
6 minutes ago
- Associated Press
Another seed leaves Wimbledon when Madison Keys is surprised by Laura Siegemund
LONDON (AP) — This most unpredictable of Wimbledons delivered yet another surprise Friday when reigning Australian Open champion Madison Keys, the No. 6 seed, was a lopsided loser in the third round, eliminated 6-3, 6-3 by 104th-ranked Laura Siegemund of Germany. Keys' exit left just one of the top six women in the bracket before the end of Week 1: No. 1 Aryna Sabalenka, who was scheduled to face 2021 U.S. Open champion Emma Raducanu later in the day. No. 2 Coco Gauff, No. 3 Jessica Pegula, No. 4 Jasmine Paolini and No. 5 Zheng Qinwen already were out. The men's field also has seen its share of surprises, including a Wimbledon-record 13 seeds gone in the first round. 'At times, it wasn't the best quality, let's say. But I managed, and in the end, it's just important to find solutions and I did that well. Kept my nerves in the end,' Siegemund said, then added with a laugh: 'There are always nerves. If you don't have nerves in this moment, you're probably dead.' Wimbledon might be the only Grand Slam event where Keys hasn't reached at least the semifinals, but she has participated in the quarterfinals there twice and is enjoying a breakthrough 2025, including her title at Melbourne Park in January. Keys' power vs. Siegemund's spins and slices offered quite a contrast in styles, and this outcome was surprisingly one-way traffic on a windy afternoon at No. 2 Court. The key statistic, undoubtedly, was this: Keys made 31 unforced errors, 20 more than Siegemund. When it ended with one last backhand return from Keys that sailed wide, Siegemund smiled broadly, raised her arms and jumped up and down repeatedly. 'You can't not be happy when you beat a great player like Madison,' Siegemund said. How unexpected is this for Siegemund? Before this year, her career record at the All England Club was 2-5, and she'd never made it past the second round. Taking into account all four Grand Slam tournaments, she had reached the third round only once in 28 previous appearances, getting to the quarterfinals at the 2020 French Open. 'There is technically no pressure for me,' said Siegemund, at 37 the oldest woman remaining in the tournament. 'I try to remember that I only play for myself. I don't feel like I need to prove anything anymore. My boyfriend often tells me that.' On Sunday, the German faces another unexpected participant at this stage of the grass-court major: 101st-ranked Solana Sierra of Argentina, who lost in qualifying and made it into the main draw when another player withdrew. What else happened at Wimbledon on Friday? Ben Shelton played for all of four points and about a minute, wrapping up his second-round match against Rinky Hijikata that was suspended Thursday night. Four-time major title winner Naomi Osaka's Wimbledon ended in the third round for the third time, eliminated by Anastasia Pavlyuchenkova. And No. 13 Amanda Anisimova of the U.S. advanced to the fourth round. Who is scheduled to play at the All England Club on Saturday? Five-time Grand Slam champion Iga Swiatek will take on Danielle Collins at Centre Court — who could forget their testy exchange at the Paris Olympics? — while No. 1 Jannik Sinner and 24-time major champ Novak Djokovic also are involved in matches at the main stadium. Two American women will be in action at No. 1 Court: Hailey Baptiste faces No. 7 Mirra Andreeva of Russia, and No. 10 Emma Navarro plays defending champion Barbora Krejcikova of the Czech Republic. ___ Howard Fendrich has been the AP's tennis writer since 2002. Find his stories here: More AP tennis:
Forbes
6 minutes ago
- Forbes
Bitcoin, Bankruptcy, And The Big Beautiful Bill
NEW YORK - SEPTEMBER 15: A trader works on the floor of the New York Stock Exchange September 15, ... More 2008 (Photo by) Getty Images With the passage of the One Big Beautiful Bill, Washington's balance sheet is now the largest in the republic's history. Roughly $40 trillion of federal obligations are owed against a $29.9 trillion economy, which means the debt-to-GDP ratio may rise far above the 124 percent recorded in December 2024. The figure is enormous but not unprecedented in historical terms. It is important that we look to history to understand our current moment, rather than either reflexively panicking or 'trusting the plan.' The United States breached the hundred-percent threshold once before in 1946 when wartime issuance pushed public debt to 119 percent of GDP. Britain emerged from the Napoleonic era at more than 250 percent. Both nations eventually worked their burdens down because institutional credibility remained intact and, crucially, because early-industrial technologies radically improved economic output. However, that path is not preordained. Japan has hovered near 250 percent for decades while seeing stagnant real wages. When the Western Roman Empire disintegrated in the fifth century, it did so with almost no funded debt. Its fatal constraint was the tax base. Economic historians have chronicled the centuries-long losing battle fought by Roman emperors to stabilize and expand the sources of tax revenue that kept the state solvent. Among many methods deployed, the most common was to debase the circulating coins and inflate the money supply. This merely accelerated widespread refusal of Roman money, and currency failures left the state unable to pay armies or maintain infrastructure. The United States economy is vastly different from ancient Rome's, with one important exception: there remains today the same temptation to finance public promises with money created out of thin air. Whereas Rome lacked a bond market and so clipped coins out of desperation, Washington enjoys the deepest markets in the world and still issues new dollars to pay off politically connected elites. That institutional advantage will last only as long as global confidence endures. Confidence decays when the marginal unit of debt fails to buy a commensurate increase in productive capacity. Foreign creditors will continue to finance U.S. deficits only so long as Treasury securities remain the least ugly 'safe-haven' asset. Today, techno-optimists (which includes this writer) note that the next productivity wave may blow away anything we could currently anticipate. AI, robotics, and abundant power from advanced fission and early-stage fusion could lift total-factor productivity as much as the internet did, or even many times more. Yet, relying on growth alone duplicates Rome's error in reverse because it presumes away hard political constraints. President Trump may be banking on growth as a solution to our debt spiral, but even a sustained, unprecedented productivity boom denominated in dollars leaves Congress and cantillionaires free to siphon off as much of this new wealth as they can. And make no mistake, they will do their very best. The Cantillon Effect refers to the disproportionate gains captured by those closest to new money creation. It thrives today in the venture carry trade and the revolving door between K Street and Wall Street. So long as that dynamic endures, political actors will arbitrage growth for personal gain irrespective of aggregate prosperity, ensuring that nominal advancements leak out through privileged channels. In a system of entrenched fiscal dominance, GDP can rise while living standards fail to keep pace because the unit of account is melting. The deeper problem than the debt itself is an incentive structure where control of the money printer is the ultimate political prize. Bitcoin And The Escape From The Debt Spiral Bitcoin offers a way out because it removes the money printer from the political calculus. The supply of bitcoin is perfectly stable and enforced by a distributed network whose participants have no authority to change it. The supply of money thus becomes an external, physical reality, as opposed to a policy lever. This alters the behavior of consumers, investors, and politicians. Savers can plan on real returns that survive the electoral cycle. Investors can price risk and returns more accurately, making capital markets much more efficient. And governments must fund programs (and wars) transparently through taxes or genuine borrowing. Bitcoin confronts the Cantillon dynamic head-on. Increases in the supply of bitcoin are algorithmically scheduled and transparent. Powerful people cannot lobby for preferential dilution. Any attempt to raise the supply of bitcoin as defined in its protocol would splinter the network via a contentious hard fork – an economic suicide pact that no rational faction accepts. This makes bitcoin exceedingly stable. It is a monetary Schelling-point that even gold cannot occupy. History shows that even when sovereign currencies are tied to gold, governments readily suspend convertibility when politically convenient. Critics protest that a fixed supply is inherently deflationary and thus incompatible with growth. However, that argument conflates demand-collapse deflation with productivity-driven cost declines. In a high-innovation environment, a currency that appreciates modestly in real terms can harmonize economic incentives. Savers need not chase speculative yield, entrepreneurs still finance projects via equity, and wages adjust upward in purchasing power rather than just nominally. If the United States does benefit from an AI and energy-fueled productivity renaissance, bitcoin's rules-based monetary layer would prevent the dividend from being financialized into ever larger deficits. Empires collapse when their monetary systems, which should be a reflection of the development and movement of real resources, no longer correlate to reality. They thrive when they manage to convert technology into productive capacity without distorting the market with seigniorage and self-dealing. The coming decade presents the United States with a trilemma. Our options are to chase growth and tolerate inflation siphoning away most of the progress, impose austerity and trigger a populist backlash, or adopt a neutral monetary protocol and accept the discipline it implies. Growth alone is a necessary but insufficient precondition to a new golden age, and bitcoin supplies the missing ingredient. A thermodynamic protocol for digital money combined with dramatic AI and energy breakthroughs could pull us out of our debt spiral and allow technological progress to unlock an unprecedented increase in quality of life.
Yahoo
37 minutes ago
- Yahoo
Madison Keys latest Wimbledon seed to fall after grass masterclass from Laura Siegemund
THE ALL ENGLAND CLUB, LONDON — Another tournament favorite and top seed is out of Wimbledon. Madison Keys, the Australian Open champion and No. 6 seed, fell to a performance of craft and mastery of the grass from Laura Siegemund, the German world No. 104. Siegemund won 6-3, 6-3, to set up a fourth-round meeting with lucky loser Solana Sierra. Siegemund, a three-time Grand Slam doubles champion, bamboozled Keys into errors from all over the court, as can happen when a powerful ball striker runs into a player capable of absorbing their pace in awkward ways. But Siegemund most notably destroyed Keys' confidence on her second serve, at times flattening out returns, at times putting drop shot winners into court. The American won just one point on her second serve, hitting 19 across the match. Advertisement Siegemund's record was not much better, at just 37 percent, but the German was by far the steadier, hitting just 11 unforced errors to 31 logged for Keys, even though many of them were not 'unforced' at all, instead induced by Siegemund's court craft. The defeat was reminiscent of Keys' loss at Queen's, the Wimbledon warmup event. She fell to Tatjana Maria, another master of slice — but more extreme than Siegemund — with Maria going on to win the title. Keys is the 18th seed to exit the women's draw, and her departure leaves world No. 1 Aryna Sabalenka as the only top-10 seed in the top half of the draw. This article originally appeared in The Athletic. Tennis, Women's Tennis 2025 The Athletic Media Company
