Is it a coincidence, or do they just all have the drive to succeed in life and therefore enter into the wonderful world of business?
The Top 10 NBA Players who Became Entrepreneurs
Athlete turned business person is very normal with regards to NBA players. All things considered, they resign so youthful, that they must discover another thing to invest all their energy in.
This is a list of 10 professional NBA players who became entrepreneurs:
1. Michael Jordan
Michael Jordan was one of the first professional athletes to become a billionaire, and he certainly didn’t achieve all that money from playing in the NBA. He is however, actually the first NBA player of all time to become a billionaire.
Michael Jordan’s main investment as an entrepreneur is being the chairman and majority stakeholder of the Charlotte Hornets NBA team.
As well as this being the primary company he’s involved with, he’s also earned a lot of money through his many other corporate partners, making an estimated $80 million from them last year alone.
These partners include Nike, being the most well known partnership, Gatorade, Coca Cola, McDonald’s, Chevrolet, Upper Deck and 2k Sports.
On top of all these companies that Jordan has invested in, or partnered up with, he also owns a car dealership, six restaurants and a Motorsport team.
2. LeBron James
7. Shaquille O’Neal
Shaquille O’Neal’s a big deal, in every sense of the word. Standing 7 foot 1 inches tall, Shaq’ made it big on the court and has taken his skills off court and into the business world.
Shaquille has investments in Google, Vitamin Water and Muscle Milk. He also own gyms and Five Guys burger franchises. O’Neal’s had his fair share of investment offers thrown at him, and does a lot of research before deciding to invest into another company.
Overall, Shaquille O’Neal is an NBA legend, and then after retiring has become an incredibly successful entrepreneur.
8. Quentin Richardson
Quentin Richardson, who retired from the NBA in September 2013, has since gone into the business world.
He’s said that it was always his goal to enter into business and become an entrepreneur, and though he has not yet had a lot of time to broaden his horizons after retiring, Quentin has a long term plan to expand into other markets than the one that I’m about to explain.
Quentin Richardson has purchased an East Coast Wings & Grill franchise, and plans to open 10 of the restaurants in various areas, over the course of the next seven years. This is just the start of Quentin’s plans to make it big as an entrepreneur.
9. Chauncey Billups
Chauncey Billups played for an amazing 17 seasons in the NBA, and after retirement, teamed up with another former player, Junior Bridgeman, to purchase 30 Wendy’s restaurants.
They certainly weren’t hanging about with investing their money. Most of the players on this list purchased a restaurant franchise or two, but not nearly as much as 30.
10. George Tinsley
Seeing as food seems to be the popular investment choice among these NBA all star players, George Tinsley is no different. George invested in KFC and TGI Fridays franchises, and has been pretty successful with them.
Here’s a recap of the top top 10 NBA players who became entrepreneurs:
- Michael Jordan
- LeBron James
- Dave Bing
- Vinnie Johnson
- Chris Webber
- Magic Johnson
- Shaquille O’Neal
- Quentin Richardson
- Chauncey Billups
- George Tinsley