1. The tragic experience of former superstars.
In the NBA, there are many examples of stars who were once worth hundreds of millions of dollars and later went bankrupt. Superstars like Antoine Walker and Iverson had plenty of money when they were young, and they spent money as fast as running water. As a result, after retirement, the good times did not last long, and tens of millions of family properties were wiped out. This is the evil result of happiness and revenge, and spending money like dirt.
Specifically, Antoine Walker used to be the number one star of the San Antonio Spurs, with a net worth of 1$100 million. But he was an avid gambler and lost $5 million. After that, he gave birth to several illegitimate children, and the alimony was as high as millions of yuan. The two glasses of water were uneven, and his money was quickly lost.
Similar to Walker, Iverson was also worth hundreds of millions. But he has too much energy, and hundreds of people around him are waiting for him to raise. These people spent a great deal of money on eating and drinking Lazar every day, and Iverson soon lost all his fortune and even owed usury. Now he lives in poverty and can only rely on other people's alms to survive.
So, that's the tragic end of those former NBA superstars. They are too young to grasp huge amounts of wealth, but they do not know how to increase their financial growth and control their spending. As a result, it has fallen to the point of being empty of both people and money, which is really sighing.
2. Why Curry will never go bankrupt.
Compared with those losers, there are also some stars who dare to plan financially so that their wealth can continue to flow. Among them, the most representative is none other than Curry, the current number one star.
Curry's main source of wealth is his lifetime contract with the sports brand Under Armour. The contract is worth $800 million and has a huge cash component and a sizable equity return. This means that the more Under Armour's *** rises, the higher Curry's value will be. So this is a typical interest mechanism, and Under Armour must make every effort to build Curry's signboard so that both sides can share the same interests.
It can be said that with this contract, Curry will not go bankrupt in his life. Even if he spends a lot of money in the future to support a large group of family and friends, it will be difficult to spend all such funds. That's the importance of business acumen and planning before you act.
3. Why is Durant firmly in the top five diamond kings.
When it comes to investment and financial management, current star Durant is one of the best masters. He has been involved in blockchain and digital currency investment for a long time, and has now made hundreds of millions of dollars from digital currency. This has given him the reputation of "Diamond King Five", and he deserves it.
In addition to this, Durant also has investments in many other industries. He even used 1$500 million to renovate and renovate the old club, Thunder Stadium. This move not only enhances the team's image, but also brings Durant a considerable ticket dividend in the future. wants to spend such a large amount of money on transformation at one time, Durant's strength can be seen.
In addition, Durant just signed a $300 million lifetime endorsement contract with Nike. This will undoubtedly be the icing on the cake and make Durant, who is already rich, more financially comfortable. Therefore, his name as the fifth diamond king is well deserved.
Fourth, Ross who got rich by renting real estate.
When it comes to stars who have amassed wealth on real estate, Chicago Bulls guard Derrick Rose is indispensable. As a player, Ross was keenly involved in real estate. In the era when housing prices were still relatively low, he bought hundreds of apartments on a large scale. Now these properties have basically appreciated by a hundredfold, and Ross makes a good income every year by renting out these properties.
As a result, Ross is now known as the "charter man". The annual rental income from these properties is enough for a billionaire like him to sustain his extravagant living expenses. Even if he doesn't play anymore, this batch of properties can easily support his family. Even if he is really stretched thin one day, he can choose to sell some of the property. The net worth of this batch of properties is definitely in the hundreds of millions of dollars, and Ross can still join the ranks of billionaires after the sale.
So, Ross's real estate investment can be said to be a typical get-rich-rich case. It also motivates other young stars to learn not only to rely on salary income, but also to invest in the management line like Rose.
Fifth, James's overall layout.
When it comes to comprehensive investment layout and financial appreciation, James is a model student. Since James entered the league, he has invested in many areas. The biggest one is the lifetime endorsement contract signed with Nike. This contract provides James with a huge cash flow and also brings a generous ** dividend. James also has a stake in the Premier League side Liverpool. This allows him to not only share in the commercial value of football stars, but also to profit from sports investments.
In addition to this, James has also received considerable copyright income through his own film and television studio. He actively participated in and invested in film and television production, which contributed no small part to the growth of his wealth. There is also a chain of pizzerias, fitness centers, and other businesses under his name. These derivative business empires, built on his personal brand, are also generating income for James in a steady stream.
Therefore, as of now, James's net worth has exceeded the $10 billion mark, reaching 10.3 billion. This is unprecedented among all active athletes. In the future, as the business grows and expands, he will continue to cement his position as the richest athlete.
6. Jordan's legendary business operations.
Finally, of course, the legendary superstar Michael Jordan cannot be forgotten. With Jordan's ability to invest and operate, bankruptcy is simply impossible for him. Back in the 90s, Jordan was a pioneer in the commercial value of athletes. He built his personal image into a whole business empire, and then generated a steady stream of profits.
The most typical case is the endorsement cooperation that Jordan has maintained with Nike. The Air Force One sneaker brought Jordan more than $1 billion in dividends. Jordan then founded the Jordan brand himself, launching a line of athleisure clothing and footwear. These derivatives also bring him hundreds of millions of dollars in revenue every year.
In 2010, Jordan made a profit of more than $2 billion in one fell swoop by owning the Charlotte Hornets. With these successful business operations, Jordan is now worth a staggering $3 billion. With his business acumen, it's absolutely conceivable that the money won't run out. So Jordan will never face the dilemma of bankruptcy, he has built a perfect business empire.