A noteworthy investment made by Grant Hill in 2015 has experienced substantial growth.
As a former NBA star, Hill’s career earnings reached more than $100 million, according to CNBC. His pivot post retirement contains a slew of business moves, which include a $5 billion real estate project to create a mixed-used development in Atlanta, GA. The entertainment and residential project was undertaken in 2022 and was estimated to be finalized within seven to 10 years, the outlet notes.
Most recently, he acquired stake in two sports team alongside his wife, Tamia, in Orlando, FL — the Orlando City Soccer Club and the National Women’s Soccer League team Orlando Pride, as AFROTECH previously mentioned.
The couple expressed on Instagram, “We are so grateful to join on as partners with the @orlpride & @orlandocitysc ownership group. We have been huge fans of both teams over the years, and have loved watching and supporting the women and men of the @nwsl & @mls.. We can’t wait to continue with our support and enjoy in the passion and excitement at @exploriastadium for many years to come.”
View this post on Instagram
The sale was reportedly valued at $850 million, ESPN reports.
“We are pleased that the NBA’s Board of Governors has approved the purchase of the Atlanta Hawks by principal owner Tony Ressler,” NBA commissioner Adam Silver said in a statement in 2015, according to Bleacher Report. “Tony and his diverse and experienced ownership group will bring tremendous energy and passion to the Hawks and the team and its fans will greatly benefit from their commitment to the Atlanta community.”
In 2022, the Atlanta Hawks’ valuation hit $1.6 billion, CNBC noted at the time. Today, that number has only soared, reaching $3.3 billion, according to Forbes.