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Junior Bridgeman, Billionaire And Former NBA Star Who Owned Ebony And Jet, Passes Away At 71

Junior Bridgeman has passed away at 71 years old, leaving behind a lasting legacy. The former NBA Milwaukee Bucks player who became a prominent businessman died on March 11, 2025, following a medical emergency. He had collapsed during a luncheon at the Galt House Hotel in Louisville, KY, for the Lincoln Heritage Council of the Boy Scouts of America, according to WDRB. His exact cause of death has not been confirmed, but various Louisville television stations reported that he was seen holding his chest at a point during the event, per ESPN. “We express our heartfelt condolences to Junior’s wife, Doris, their children, Eden, Justin and Ryan, the Bucks organization, and his many friends and admirers in the basketball community,” NBA Commissioner Adam Silver said in a statement, notes ESPN. Bridgeman was a well respected figure for his accomplishments on and off the court. In fact, his jersey was retired at Fiserv Forum, the Milwaukee Bucks’ home arena in Wisconsin, in 1988 to honor his...

Mar 12, 2025

Seaboard Plaza, The First Black-Owned Business Plaza In Quincy, FL, Aims To Help Revitalize The Community And Provide Education For The Youth

A Black-owned plaza is making its way to Quincy, FL, in Gadsden County. According to WCTV, a variety of Black-owned businesses will be joining Seaboard Plaza. The plaza’s purpose is to increase the economic activity locally and create more jobs. Seaboard Plaza will feature the following types of businesses: Food court Barber shop Hair salon Dry cleaners Construction and real estate offices Full-scale restaurant with a private bar room Event venue “This helps to employ local people. This helps keep local money local and not take it out of town. This also provides convenience to people,” Gadsden County Economic Development Director T.J. Lewis told the outlet. General contractor Latasha Murray, a Gadsden County native, commented: “We considered what other people in Gadsden County wanted. The restaurants was one of the main ones and the cleaners ’cause we don’t have a cleaners here in Quincy as of now.” Furthermore, Seaboard Plaza is being built on the same land as the former Seaboard...

Jan 8, 2025

Tabitha Brown's Friend Became Her Manager And It Led To Her Signing 56 Deals In 2 Years

Tabitha Brown is thriving in business alongside her close friend. Known for her witty humor and vibrant personality, Brown has captured America’s heart through her social media presence. As AFROTECH™ previously reported, her viral video featuring Whole Foods’ TTLA sandwich garnered one million likes in just a week, ultimately leading to her role as an ambassador for the brand. By continuing to leverage her social media platforms, Brown has transformed into a powerhouse, seamlessly extending her influence into entertainment and business. As of this writing, she boasts an impressive 9.2 million followers across Instagram and TikTok. Her ventures span various industries, including television shows on YouTube and the Food Network. Brown’s portfolio also features Donna’s Recipe, her natural haircare company, and a signature line at Target , offering plant-based grocery items, kitchen essentials, home décor, and more. View this post on Instagram A post shared by Tabitha Brown...

Jan 3, 2025

Derrick Rose Hosts Pop-Up Flower Shop In Chicago Ahead Of Bulls' 'Derrick Rose Night' Tribute

Derrick Rose is truly living up to his name. The former NBA point guard is hosting a pop-up flower shop in Chicago, IL, on Thursday, Jan. 2, 2025. Rose’s Flower Shop will be open for “one day only,” from noon until 4 p.m., according to the Memphis Commercial Appeal. “Welcome to Rose’s, the No. 1 flower shop in Chicago . How can I help you?” Rose teased in an Instagram reel announcing his venture. “A dozen roses? Coming right up. … We’re open for business. We can do that. We got you. It’s on the house. We appreciate your business.”   View this post on Instagram   A post shared by Derrick Rose (@drose) Rose, a Chicago native, began his NBA career with the Bulls , where he was the No. 1 overall pick in the 2008 Draft. He made history as the youngest MVP in NBA history, winning the award in 2011 at 22 and 6 months old, the Commercial Appeal reported. While Rose is giving the community their flowers in the city where it all started, the Bulls are honoring him in return. The Bulls shared...

Jan 2, 2025

After Charging $20 For A Cup Of Coffee From The NBA Bubble In 2020, Jimmy Butler Has Opened His Own Storefront

NBA star Jimmy Butler has brewed his love for coffee into a storefront in Miami, FL’s Design District. After teasing the concept for some time, the Miami Heat star officially opened his first BigFace Coffee shop on Dec. 5, 2024, according to Axios. The café boasts a chic interior design, a selection of merchandise including hats and jerseys, and an outdoor courtyard featuring ample seating. “This is a dream of mine,” Butler said at the grand opening, CBS News reported . “I get to come in here, chill out, meet people, vibe out, and become friends. Coffee is life. It’s how I start my mornings, watching my daughter play while I enjoy a cappuccino. For me, that’s the quintessential coffee experience.”   View this post on Instagram   A post shared by La Marzocco USA (@lamarzocco.usa)   Besides Butler, other basketball figures at the grand opening included Carmelo Anthony , Heat center Kevin Love, and former NBA guard Brandon Jennings, according to Axios. DJ Khaled and French footballer...

Dec 20, 2024

22-Year-Old Angel Reese Says Estimates On Her Net Worth Are 'Way Off' And Reflects On Financial Stability — 'I'm Able To Soon Retire My Mom'

Angel Reese plans to retire her mother. Reese, born in Randallstown, MD, on May 6, 2002, to Michael Reese and Angel Webb Reese,  has grown into an influential athlete, already making her mark in the WNBA by holding the record for most single-season rebounds — before being surpassed by A’ja Wilson. Reese’s athletic genes come from her parents , both of whom played basketball in college. Her mother, Angel Webb Reese, played for the University of Maryland, Baltimore County (UMBC) and was inducted into its Athletics Hall of Fame, notes Today. She also had a professional career in Luxembourg. Michael Reese played at Boston College and Loyola University (Maryland) before competing overseas in Luxembourg, Austria, and Portugal, mentions USA Basketball. “My whole family played basketball. My aunts played basketball, my brother plays basketball, my grandparents played basketball. So, it kind of was like, ‘You’re gonna do this,’” Reese told Just Women’s Sports. Unsurprisingly, Reese picked up...

Nov 19, 2024

What Is The Market Cap Of The NBA? The NBA's Net Worth Overview

The National Basketball Association (NBA) is not only one of the most popular sports leagues globally, but it is also one of the most lucrative. Over the years, the league’s net worth has surged due to increased media rights deals, sponsorships, merchandise sales, and international expansion. As of recent estimates, the NBA’s net worth, or more accurately, overall valuation sits between $90 billion to $100 billion, making it one of the richest sports organizations in the world. Here, we’ll dig deep into what made the sports franchise a giant in the entertainment industry. Factors Driving NBA’s Financial Success Media Rights Deals One of the primary drivers of the NBA’s net worth is its lucrative media rights deals. In 2014, the NBA signed a nine-year, $24 billion TV deal with ESPN and Turner Sports, setting a record for sports broadcasting at the time. As the league’s popularity continues to grow, especially internationally, the value of these media rights is expected to increase....

Oct 11, 2024

Jimmy Butler’s Net Worth Has Grown Thanks To His Career Off The Court

Six-time NBA All-Star and five-time All-NBA member Jimmy Butler’s 13-year career holds a host of accomplishments both on and off the court . Named Most Improved Player in 2015, Butler has been diligent about playing a defensive game by which he can be remembered while he’s in the league and for years to come. He’s also made a name for himself as one of the NBA’s funny guys, treating the annual picture day sessions as an opportunity to showcase his quirkiness. All in all, he’s gained wealth through his years spent playing professional basketball. The 35-year-old is also one of the five athletes being featured in the Netflix documentary, Starting 5, meaning all eyes are on him this October as viewers raise questions about Jimmy Butler’s net worth and personal life. The Business Owner & Music Junkie Signed A $184 Million, Four-Year Deal In 2019 (Kim Klement/Getty Images) Despite getting his start at basketball during his teenage years and then accepting an athletic scholarship to...

Shannon Sharpe Tells Mark Cuban He Could Have Become A Billionaire Too If He Had Followed Through With A $300K Investment In Google

Shannon Sharpe says he could have been a billionaire if he had moved forward with an investment in Google. During an episode of Sharpe’s “Club Shay Shay” podcast, which featured billionaire businessman Mark Cuban, the host reveals he lucked out of a six-figure investment in Google after receiving advice from his financial team. The opportunity to invest in what has become a major tech giant was while he was in the NFL signed to the Baltimore Ravens. He was under a four-year contract — although he remained with the team for only two seasons, during 2000 and 2001. The contract was valued at $13.8 million, which encompassed a 4.5 million signing bonus and $4.5 million guaranteed, according to Spotrac. “I remember when Google came out and they thought shares were gonna open up at about $85 a share. And I remember sending it to my financial guys, and I was like — ‘Oh, you know what?’ I had just signed with the Ravens, so I had some money. And I was like, ‘Man, I’d like to buy $300,000...

Oct 8, 2024

Terrell Davis Reveals How His First Major Check And A Former Teammate Taught Him Lessons On Managing Money During His Multi-Million-Dollar NFL Career

Two-time Super Bowl champion Terrell Davis is taking the lessons of his past and educating the next generation of athletes. The San Diego, CA-native was once a student-athlete, playing for Long Beach State University in California before transferring to the University of Georgia after Long Beach’s football program was shut down. In 1995, Davis’ talents would bring him to the bright lights of the NFL field, with him being drafted by the Denver Broncos. The team signed him under a three-year contract valued at $484,000, which included a $38,000 signing bonus, mentioned Spotrac. Early Financial Mishaps He recalled having no prior financial education when he entered the league, but he had a realization about money management through veteran teammate Simon Raynard Fletcher who one day was driving him to a nearby hotel following training camp. “I noticed on the passenger side of his car when I got in, it was a bunch of envelopes and there was a bunch of checks,” Davis told AFROTECH™. “I...

Oct 4, 2024

Derrick Rose Net Worth: A Look Into The Retired NBA Player's Life And Career

Since 2008, the Chicago Bulls point guard, legend and recent retiree Derrick Rose has been making a name for himself in the NBA. The Englewood native was drafted as a first overall pick by his hometown team and named MVP in the 2010-2011 season. That same year, he began to suffer knee injuries. In 2012, he tore his ACL, which required surgery and recovery for an entire season. “The Windy City Assassin” would go on to play with the Bulls until 2016, then entering into eight consecutive trades that would eventually result in him spending the last season of his career with the Memphis Grizzlies. Despite the impact of his health outcomes on his career, Rose is still considered a great within the NBA world and has attained a significant amount of wealth. Here’s what we know about Derrick Rose’s net worth. Derrick Rose’s Net Worth Began With A $22.5 Million Four-Year Rookie Contract Upon entering the league, in 2008, the Simeon Career Academy and University of Memphis alumni secured a...

Kevin Garnett Reportedly Approached To Buy Into Timberwolves Ownership

Kevin Garnett is in talks of buying the Timberwolves once again. Fadeaway World reports that the NBA superstar was reportedly approached by baseball legend Alex Rodriguez and Jet.com CEO Marc Lore to purchase fractional ownership into the team. That’s because the duo is reportedly working together to submit a bid to purchase the Minnesota franchise for $100 million. “KG’s ability to connect with players would be a major reason why they want him as part of the organization, while other plans could be carried out if the 2008 NBA champion decided to join A-Rod and Lore,” reports the outlet. Rodriguez and Lore will also reportedly build a statue in honor of Kevin Garnett outside of the Target Center if, indeed, he joins in their bid for the purchase of the team, and the bid turns out to be successful. Kevin Garnett has shown interest in purchasing an NBA team before. In the past, too, he was also part of a bid (that ultimately didn’t succeed) to bring an NBA team to Seattle. And while...

Derrick Rose's Adidas Contract Agrees To Pay His Brother & Best Friend Up To $375K In Salary, Report Says

Details about the Derrick Rose deal with adidas have been released, and needless to say, he’s making sure that everybody eats. Fadeaway World is reporting that the NBA superstar first signed his deal with the shoe giant back in 2012, and he made sure that there were provisions for both his brother and his best friend — his two closest confidantes — to get paid. “Along with his own deal that brought him $12 million per season between 2012 and 2017, Derrick Rose ensured that his brother would make $250-300,000 for his role as a consultant. And for his best friend, Rose ensured that he would make $50-75,000 a year for his role as a consultant as well,” reports the outlet. Even though Rose hasn’t had the easiest of times making his basketball career jump off, he knew that he had to keep his family and friends paid. That, according to him, was a way toward financial security. Fortunately, he figured out a way to do it with the adidas deal, even as his salary with basketball continued to...