CRISTIANO RONALDO has invested some of his Saudi millions in a luxury watch dealership.

The Portuguese star has become a shareholder of Chrono24 after buying an undisclosed stake in the company.

Cristiano Ronaldo has invested in Chrono24Credit: https://www.instagram.com/chrono24/

The company is a luxury watch dealershipCredit: https://www.instagram.com/chrono24/

Ronaldo has a watch collection worth around £5millionCredit: https://www.instagram.com/chrono24/

He has one worth £1.6millionCredit: Action Images

It is the Franck Muller, Van Cleef & Arpels timepiece with 474 white diamondsCredit: Franck Muller

Ronaldo, 38, shared his excitement as he was announced as a shareholder on the company’s website.

He said: “As a long-term watch collector and regular user of Chrono24, it’s a pleasure for me to become a shareholder in the company now.

“Chrono24 unites millions of watch lovers from all around the world to share in their passion, together – that global unification is something I know well and am thrilled to be a part of.”

The company, which is said to be worth around £770m, was founded in 2003 and claims that over nine million people visit the website monthly.