As NBA players, they showed endless charm and talent on the court, but after retiring, they faced the harsh reality of financial hardship.
According to statistics, more than 60% of retired players have fallen into bankruptcy, which is undoubtedly a staggering figure. However, there are always those who can break the mold and still live a prosperous life after retiring from the military.
They are wise investors and successful entrepreneurs who manage their wealth in a well-organized manner and continue to grow their assets through various channels. Today, we're going to introduce five of them.
First of all, Rose, who has performed extremely well in the NBA arena and has been loved and supported by a large number of fans. Although his peak was short, he amassed a great deal of wealth during this period.
Unlike other players, he didn't squander the money and turned his attention to the real estate market. In his portfolio, he owns hundreds of apartments, which bring him a decent rental income every year.
Not only that, as a fixed asset, real estate can also resist the pressure of inflation and has a high ability to maintain and increase value. Even in the face of financial difficulties, Ross only needs a few properties to tide over the storm.
Next up is Durant, whose NBA play has been equally eye-catching. He has played for many big clubs such as the Thunder, Warriors and Nets, earning a large salary.
However, his wealth is much more than that, as he also signed a lifetime contract with Nike, which made his fortune even more secure.
In addition, Durant is also a smart investor, and he has a very deep understanding of the digital currency market, so he has invested a lot of money in this area and has made great returns. Currently, his personal fortune has exceeded a billion dollars and counting.
When it comes to James, he's one of the greatest players in NBA history. He is also very business-minded, and while enjoying life, he also focuses on investing his wealth.
He has invested in a variety of sectors, including real estate, food and beverage, sports brands, and many more, all of which have brought him great returns.
His personal assets have exceeded a billion dollars and he is still growing at a steady rate. Even after retiring from the army, he no longer had to work any longer and only relied on the income generated by his investments to support his family.
Curry is also a superstar in the NBA, and his charisma has attracted the attention of countless fans. He's helped the Warriors win multiple championships, and he's been very consistent.
Curry has earned himself a huge fortune with his own efforts. He signed a lifetime contract with Under Armour, which not only earned him a good salary, but also made him a shareholder in the company.
The annual dividends are very substantial, which makes his wealth continue to increase. No matter where he goes, Curry can attract a large number of merchants to cooperate, which is also one of the important ways for him to make money.
Last but not least, the legend of basketball – Michael Jordan. While his salary wasn't high when he played in the NBA, off the court, he earned astronomical sums of money.
He owns a stake in the Air Jordan brand and pays more than $100 million in dividends alone every year. In addition, he once gave the Charlotte Hornets to other investors, from which he made more than two billion dollars in profits.
With a personal fortune of more than $3 billion, Jordan is a regular on the Forbes list of the world's richest people and a symbol of wealth in the world of sports.
The stories of these five NBA stars tell us that it is very important to plan and manage your wealth properly. They can maintain a prosperous life after retirement because they know how to invest and grow their wealth, rather than squandering it.
Whether it's Rose's real estate investment, Durant's digital currency investment, James' diversification investment, Curry's corporate partnerships, or Jordan's brand equity and team operations, they are all telling us with their actions that "money makes money" is a truth.
Their stories remind us to cherish every penny we have while also learning how to turn it into more wealth. In life, we should learn Xi from their rigorous attitude and fighting spirit towards their careers, which will encourage us to keep moving forward on the road of life and pursue a better future.