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If you’re a fan of professional baseball you’re more than likely already aware of the legacy of David Ortiz. The former designated hitter and Red Sox MVP is best known for his nickname “Big Papi,” as well as his crucial role in putting an end to the team’s 86-year World Series championship drought, commonly referred to as the “Curse of the Bambino.” Ortiz was so central in reversing the curse back in 2004 that he stars in a new Netflix docu-series titled The Comeback: 2004 Boston Red Sox alongside a few of his former teammates. Given that Ortiz is fresh on everyone’s mind, now seems like as good a time as any to examine his many streams of income , and see what we can learn from his multi-million dollar net worth. According to Celebrity Net Worth , David Ortiz has an estimated value of over $55 million, mostly earned through his MLB salary, brand and endorsement deals and post-retirement work with ESPN as a sports analyst. With such a massive legacy and career to unpack, let’s see...
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...
Magic Johnson now has five teams in his investment portfolio. As AFROTECH™ previously reported, the NBA-legend-turned-serial- entrepreneur has ownership in the MLB’s Los Angeles Dodgers, MLS’s Los Angeles Football Club, WNBA’s Los Angeles Sparks, and NFL’s Washington Commanders. Now, he is announcing his involvement with a fifth team. “CBS Mornings” reports he joined the investor group for the National Women’s Soccer League (NWSL) team Washington Spirit , which is led by Michele Kang, the first woman of color to have majority ownership in the NWSL. The pair first met in Los Angeles, CA, and immediately connected over a shared excitement for the growing popularity in women’s soccer in the U.S. “I’m so excited to join the Washington Spirit’s investor group at such a pivotal time in the club’s history! Partnering with a visionary like Michele Kang and her team to advance the growth of the Washington Spirit and the NWSL is an incredible opportunity,” Johnson wrote on Instagram. View...
Former NBA great Magic Johnson credits his billionaire status to the company he kept throughout his career. Johnson was raised alongside nine siblings in Lansing, MI. To support the family, his father worked at a General Motors plant, and his mother was a school custodian, the NBA reports. Johnson found his purpose in basketball. “I practiced all day,” Johnson told USA Weekend, per The Atlantic. “I dribbled to the store with my right hand and back with my left. Then I slept with my basketball.” Johnson played at Everett High School, where he was nicknamed “Magic” by a sports writer after scoring 36 points, 16 rebounds, and 16 assists at 15 years old, the NBA notes. Johnson helped the team win a state title and continued to impress in college, leading the Spartans’ Michigan State University in East Lansing to a 25-5 record and a Big Ten Conference title. In 1979, he led his team to a national title, outperforming Larry Bird’s Indiana State University squad. To no surprise, Johnson...
Having a Black woman in your corner is a sure shot for success. Although they make up only a small percentage in the business of sports, the underrepresented group is often a saving grace behind the scenes within the space. During AfroTech Executive Los Angeles in September 2022, a few powerhouses who make up the underrepresented group gathered for a panel titled The Changing Face Of Sports And Fitness Leadership. During the conversation — moderated by the CEO of the Los Angeles Dodgers Foundation, Nichol Whiteman — the women not only touched on making it into the industry but also on surviving as Black women. Photo Credit: AfroTech “You can’t come into this industry with thin skin. Whether you’re a male or female, you have to be thick skin. You’re going to have to go through a lot. You’re going to have to work harder,” Kiesha Nix said during AfroTech Executive Los Angeles. “At this point in our careers, people joke with us sometimes that we should be working smarter and not harder....
If it weren’t for injuries stemming from baseball, Micah Johnson would have never had an NFT collection worth millions of dollars. Johnson’s story was recently told in Fortune Magazine, where he revealed that, per CryptoArt, the primary and secondary sales of his NFT collection totaled $19 million. But that’s not how things were meant to go in his initial plan. Johnson started out as a baseball player. From 2015 to 2017, he played for teams like the Chicago White Sox, the Los Angeles Dodgers, and The Atlanta Braves. But after suffering a series of injuries, including a torn shoulder and a fractured wrist, Johnson hung up his baseball mitt and picked up a paintbrush, devoting his time to becoming a full-time visual artist. But things changed again in 2019 when Johnson realized he was expecting a child with his long-term partner. He’d learned about NFTs as a way to possibly make more money selling his art, and put together his first NFT collection. The first sale from his digital art...
Magic Johnson went from an unequivocal role in the NBA to a businessman and a legend in his own right. Magic Johnson’s net worth is currently estimated to be about $600 million, according to Celebrity Net Worth. During his career as an NBA player, Johnson’s annual salary was around $24 million, an amount that hasn’t been adjusted for inflation. Despite his career ending prematurely due to hysteria over his HIV diagnosis, Magic Johnson had an impeccable 12-year run in the NBA. He won five championships out of nine trips to the finals, earned three MVP awards, and was selected to the All-NBA First Team nine times. In 1995, he opened up Magic Johnson Enterprises. This business venture grew into other ventures such as the ownership of health clubs, movie theaters, real estate, and more . Johnson purchased a majority stake in the Los Angeles Dodgers for $2 million. He also owns a stake in the WNBA’s Los Angeles Sparks. Not to mention, the retired basketball legend is part-owner of the...
Known as one of the best players to play in the NBA, Earvin “Magic” Johnson Jr., is one of the most successful former athletes in America. Aside from the handsome salary he earned as a pro basketball player, Magic has started several business ventures that have helped him achieve success beyond his playing days. You might be wondering, what is Magic Johnson’s net worth? It may be higher than you think. Magic Johnson’s net worth is currently estimated to be about $600 million. During his career as an NBA player, Johnson’s annual salary was around $24 million, an amount that hasn’t been adjusted for inflation. Despite his career ending prematurely due to hysteria over his HIV diagnosis, Magic Johnson had an impeccable 12-year run in the NBA. He won five championships out of nine trips to the finals, earned three MVP awards, and was selected to the All-NBA First Team nine times. With such a successful NBA career in spite of his contraction of the HIV virus, one would think Johnson...
This week, the National Recording Registry announced that Dr. Dre’s “The Chronic” will be archived in the Library of Congress. According to Rolling Stone , the Compton music mogul ‘s debut album is one of 25 recordings deemed “worthy of preservation because of their cultural, historical and aesthetic importance to the nation’s recorded sound heritage.” “The National Recording Registry is the evolving playlist of the American soundscape. It reflects moments in history captured through the voices and sounds of the time,” Librarian of Congress, Carla Hayden, said in a statement . Other records include Whitney Houston’s Grammy Award-winning single, “I Will Always Love You,” Selena’s 1990 LP “Ven Conmigo,” Tina Turner’s 1984 album “Private Dancer,” and Village People’s disco hit, “Y.M.C.A.” Songs from “Mister Rogers’ Neighborhood” have also been inducted. “We received over 800 nominations this year for culturally, historically or aesthetically significant recordings to add to the...
Investor and entrepreneur Sarah Kunst is starting a new fund to invest in women entrepreneurs. According to Axios , the entrepreneurs involved will act as scouts and the fund, called Cleo Capital, has already secured $1.7 million in funding and is looking to raise $10 million in total. Scout programs generally help VCs get access to startups in the early stages and receive a portion of profits. This could bode well for women entrepreneurs connected to successful underfunded startups. Scout programs are not new to Silicon Valley. For example, according to the Wall Street Journal, big companies like Stripe and Thumbtack came from deals made by scouts and both are valued at over $1 billion. What is new, and so significant about the new venture from Kunst, is women harnessing the power of the age old tactic of social referrals for themselves. According to Bloomberg Business , men make up 89 percent of partners at venture capital firms and in 2017, over $62 billion went to companies...