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If you’re a Boston sports fan, you certainly recall the famed “Curse of the Bambino” which loomed over the Boston Red Sox baseball team for nearly a century. In 2004, the team finally reversed the long-held curse by besting the New York Yankees in a stunning seven-game upset before taking home the World Championship against the St. Louis Cardinals. As a pitcher for the Sox at that time, Pedro Martínez was integral to the success of the organization, and has since gone down in history as a Boston sports legend. Martínez is so impressive, in fact, that the superstar athlete has been chosen as one of several subjects for the new Netflix docu-series The Comeback: 2004 Boston Red Sox . Since Martínez is fresh on everyone’s mind, now seems like as good a time as any to take a look at his whopping net worth, which clocks in at over $70 million according to Celebrity Net Worth , and see what we can learn from his diverse portfolio. Through means such as his MLB salary, endorsement and brand...
Myles Garrett has invested in an energy company owned by a former NASA engineer. Boardroom reports the Cleveland Browns defensive end has invested in Johnson Energy Storage. Per the company website, it is on a mission “to transform the way the world stores energy; to more safely and efficiently store energy; to leave a softer footprint where we tread.” Through years of research, Founder Dr. Lonnie Johnson holds more than 140 patents and is widely known as the inventor of the Super Soaker water gun as well as an all-solid-state battery (ASSB) that was created using a glass electrolyte separator. “Our ASSB is 2 times the energy density of lithium ion batteries in the same size and weight package,” a description on the company website reads. “Our ASSB withstands higher and lower voltages than lithium-ion batteries and is designed for significantly lower self-discharge. Due to our unique, proprietary manufacturing process, the cost to manufacture our ASSB is 25% that of the current...
Kordell Beckham spoke his dream partnership into existence. Beckham, a Houston, TX, native and brother of NFL player Odell Beckham Jr., was among the Season Six cast of “Love Island USA” and ultimately won the coveted $100,000 cash prize with fellow contestant and love interest, Serena Page, US Weekly reports, with the two still a couple today, according to Forbes. Beckham plans to invest his portion of his “Love Island USA” earnings, per Access Hollywood. Beckham’s knack for business was highlighted during the season in a chat with Page, with whom he explained his career as a model and an aircraft fueler. Blavity reported he has even worked for Odell Beckham Brands, which offers men’s grooming products. Beckham also mentioned that he would like to be a homeowner in the future and is interested in securing a sponsorship with snack brand Cheez-It. “I can’t get enough of Cheez-It,” he told Page. Upon exiting the villa, Beckham and Page conducted a series of interviews, including one...
T-Pain makes a lot of money in a sector outside of music. Looking at the larger picture has worked out greatly for T-Pain , who has, at times, received the short end in his career. As AFROTECH™ previously reported, his first deal landed him a $40 million advance; however, the label had the benefit of a 15/85 split. At one point, the artist even faced financial troubles that were so bleak he went broke. “Now I know what the high end is and what the low end is,” he said, according to Business Insider. “I’ve been mega-rich, I’ve been super broke, right in the middle of thinking I was mega-rich, and then got rich again, and you know, learned how to really give a sh-t about money.” Over the years, T-Pain has appeared to be in better financial standing, partly due to his foray into the gaming industry. As AFROTECH™ previously mentioned, the “Buy U a Drank” artist developed an interest in streaming. He combined gaming and music , which landed him a partnership with the interactive...
Kevin Durant has struck gold overseas. Olympic Victory The athlete is fresh off a USA Basketball Men’s National Team victory at the 2024 Olympics, taking home a gold medal alongside teammates, including LeBron James and Stephen Curry, and leading against France in a 98-87 upset, according to USA Today. View this post on Instagram A post shared by USA Basketball (@usabasketball) Durant now has four Olympic gold medals, according to his Team USA profile. “My goal every time I put this jersey on was to represent my country, my state, my street, my family name, and it help put the game forward,” Durant said, per USA Today. “And since I’ve been here, we’ve done that. We built off the Dream Team in ’92, and we carried that torch and that was the main goal.” Investing In Paris Saint-Germain Besides focusing on the victory lap on the court, Durant also looked to do the same in the business world through his sports, media, and entertainment company Boardroom, which he founded in 2019...
Amaya Woodley is the proud owner of an indoor cycling studio. Woodley recalled falling in love with cycling after a former coworker invited her to a class in 2017. When the pandemic hit, she purchased a bike for her home but missed being surrounded by the community. That feeling drove her to open Adrenaline+ in her hometown. It is one of the few Black-owned cycling studios in Charlotte, NC, Woodley told AFROTECH™. She opened the studio in 2023 with her co-founders: her uncle Darrell Harding, aunt Heather Harding, and her husband Theo. Together, they self-funded the boutique studio. “It was a dream that I had, but I didn’t think it would happen as quickly as it did,” Woodley, Adrenaline+, co-founder and CEO, told AFROTECH™. “There was such a need for a space like that in Charlotte, especially for Black people, people of color, who were seeking a safe space to show up as their authentic self and still get a workout and be seen and have a good time.” View this post on Instagram A post...
Black-owned Nile Capital Group Holdings has acquired a stake in a leading global investment firm. According to a news release, Nile Capital, a “sector-focused, operationally-oriented private equity firm,” along with ABS Global Investments, has bought the remaining 23% minority interest in ABS from Evercore Inc. ABC will maintain majority ownership while Nile Capital signs on as a strategic investor. Nile Capital was founded by Melvin Lindsey (managing partner); Richard Pell (chief information officer and partner); and Hien Gerbereux (partner). “As investors look for a differentiated source of non-correlated alpha, ABS has provided unique solutions to meet its customers’ needs for over two decades,” Lindsey said in a news release. “Under Laurence and Gui’s leadership, ABS has built a culture of excellence driven by a focus on innovation, talent development, and a commitment to customer success. We look forward to joining forces with the ABS team to build on the strong momentum and...
Power company Entergy has announced a new multi-million commitment to advance Historically Black Colleges and Universities (HBCUs). According to a news release, Entergy plans to deploy $20 million to HBCUs over 10 years. The funding will impact students in Arkansas, Louisiana, Mississippi, and Texas and is intended to support them through education, academic scholarships, career readiness, internships, and workforce development programs. Specific plans include $5,000 in scholarships granted to 20 “high-achieving” students over the next 10 years and an annual grant program to support facility improvements, research, and endowments across HBCUs located in the states where Entergy provides service. HBCU students will also have access to employment opportunities, including 10 internships each year and college recruitment events. “With roots in our service area for more than 100 years, what matters to our neighbors and our communities matters to us,” said Drew Marsh, Entergy’s chair and...
Journalist Don Lemon has sued Elon Musk. Lemon was a co-host on CNN until he was let go from the network in April 2023, AP News mentioned. After his exit, Lemon was presented an offer from Musk, who acquired X in 2022, to form a partnership that would allow him to host his own show, “The Don Lemon Show.” According to a new lawsuit, Lemon claimed to be a “top prospect” for Musk who was seeking to onboard “reputable figures” to maintain advertiser interest, per CNBC. Variety noted the show was intended to allow Lemon to be “bigger, bolder, freer,” and he said it would “be available to everyone, easily, whenever and wherever you want it, streaming on the platforms where conversations are happening. And you’ll find it first on X, the biggest space for free speech in the world. I know now more than ever that we need a place for honest debate and discussion without the hall monitors. This is just the beginning so stay tuned.” Taping for the show kicked off with Lemon interviewing Musk....
Vonnya Pettigrew, Hon.D., is concentrating all her interests in one place — a property building located on Baltimore, MD’s Waterfront. But that’s just the start. The Baltimore Times reports Dr. Pettigrew comes from a communications background stamped by a Bachelor of Arts degree from the University of Maryland College Park. During her time in higher education she landed opportunities to intern under President Bill Clinton as a speech writer. She also interned for a television show. “It was a political show that was produced on Capitol Hill and filmed out of Reuters newswire, and so I fell in love with television and film,” Pettigrew told the outlet. Root Branch Media Group Pettigrew also learned scriptwriting and took her skills to create content for TV One and Discovery Channel. Now, she is investing in her own media empire. In 2006, she launched Root Branch Media Group, which she named for her family’s property in South Carolina. “When I established my business, I wanted it to...
Maurice and Yashica Spears Wince are bringing healthy food options to a food desert in Milwaukee, WI, Black Business reports. Combining years of experience, the founders have partnered to open Sherman Park Grocery, the first Black-owned, full-scale grocery store in the state of Wisconsin, per Milwaukee Community Journal. It had the support of the Embassy Center MKE church and other community leaders. “Yashica worked in management at Walgreen’s, and I managed pizza franchises in Menomonee Falls,” Maurice explained to the outlet . “Our business acumen comes from those experiences. In addition, we have other real estate holdings, including a laundromat on the same block as the grocery store.” Having been raised in Milwaukee Public Schools and experienced the effects of food and home insecurities, the couple saw a need in the community for the grocery store. Spurred by that motivation, Sherman Park Grocery was established in Milwaukee, WI, with a focus on community, offering affordable,...
Ariane Kirkpatrick was undeterred by the limited presence of Black entrepreneurs in the cannabis sector. In 2017, she made her official foray into the space, according to WKCY-3. “We made the decision that we, despite the barriers, despite the obstacles, despite being Black and female, we were going to make this work and we did,” Kirkpatrick told the outlet. Per Kirkpatrick’s LinkedIn page, she served as the CEO of several large-scale medical, cannabis cultivation, and dispensary companies, such as Harvest Grows, Harvest of Ohio, and Harvest Processing, which had operations in the Ohio cities of Ironton, Beavercreek, Columbus, and Athens. She mentioned that her aim was to transform lives and strengthen economies by providing jobs and economic development opportunities through marijuana. However, Kirkpatrick would hit a major roadblock after falling out with her business partner, multi-state operator Harvest Health and Recreation, when it was acquired by national cannabis and...
Kendrick Lamar’s “Not Like Us” is now a video game. The song, which some may call a diss track, others a West Coast anthem, was released on May 4, 2024 and debuted at No. 1 on Billboard’s Hot 100 chart. In the U.S., it logged 70.9 million official streams, made 5 million radio airplay impressions, and sold 15,000 copies by May 9. Exactly two months later, Lamar dropped the highly anticipated music video, which has gained 69.9 million views (at the time of this writing). Now, the hit song has made its way to the gaming world. According to Rolling Stone, “Not Like Us: The Game” gives players the ability to play the web-based game as Kendrick Lamar, and with a baseball bat they must hit an owl piñata until candy pours out. Each time users hit the owl piñata, they will hear the word “wop” played. The concept was developed by Richie Branson, whose real name is Marcus Brown II. “I did this for the people,” Branson told Rolling Stone. “I did it as a love letter to hip-hop and music, and...
Michael Jordan’s Cincoro Tequila is scaling globally. The company, born in 2016 through a conversation about a shared passion for tequila, was established alongside four other NBA team owners. The founding partners have since created a portfolio of tequilas made with 100% Blue Weber agave derived from Jalisco, Mexico . Cincoro Tequila is an award-winning company and has attracted investments from Serena Williams, Michael Strahan, and Derek Jeter, as AFROTECH™ previously reported. “Cincoro has always been special to me because of the authentic friendships we’ve established around enjoying Cincoro and spending time together, designing it, experiencing it, and tasting it. We are constantly striving for greatness,” Jordan, co-founder of Cincoro Tequila, said in a news release announcing Williams’ ownership stake. “And now that we’re welcoming in some of my closest friends to the business, I’m looking forward to this next era of Cincoro alongside this all-star team.” After expanding its...
LeBron James has recently made yet another climate-conscious investment. Back in April, AfroTech reported that alongside Drake and Maverick Carter, the NBA superstar participated in a funding round for Palmetto — a clean energy startup. Now, he has invested in a company that is working to fight climate change by reducing the carbon footprint of agriculture.