Skip navigation
The Daily Brief
The Rock and Dany Garcia Rich Fury/Getty Images Entertainment/Getty Images
Dwayne "The Rock" Johnson and Dany Garcia

Smackdown! The Rock Is 'Strategic Investor' In Acorns

The actor and former wrestler is joined by his ex-wife, Dany Garcia, to help Acorns users open UTMA/UGMA accounts.

Can you smell what The Rock is repping? Dwayne “The Rock” Johnson and his ex-wife (and private wealth management firm founder) Dany Garcia are strategic investors in financial services company Acorns, according to a company announcement.

Acorns revealed that it is also partnering with Johnson to credit every family that opens an “Acorns Early” account with a $7 investment, representing the same pocket change that the famous entertainer found himself with when he was jobless at 22-years-old. 

"Especially this year, there are numerous people feeling as I did when I was jobless with just $7 dollars in my pocket; anxious and uncertain about my life and future,” said Johnson in a statement. “Those $7 bucks represented a defining moment that changed my life.”

Johnson, an entertainer, and Garcia, an international bodybuilder and former Merrill Lynch executive, co-founded Seven Bucks Companies, which includes a production firm and creative agency. Garcia also leads operations at The Garcia Companies and TGC Management, firms she founded. 

Terms of the investment were not disclosed.

The $7 campaign runs from Aug. 25 to Sept. 7. Acorns has almost $3 billion in AUM and 8 million people in the U.S. have opened accounts. 

Want The Daily Brief delivered directly to your inbox? Sign up for WealthManagement.com's Morning Memo newsletter.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish