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Kevin Garnett broke away from the status quo with his financial decisions during his first decade in the NBA, opting for an unconventional approach that set him apart from his peers. The South Carolina native was drafted into the NBA in 1995 as the fifth overall pick by the Minnesota Timberwolves, notes ESPN. The power forward signed a three-year rookie contract worth $5,397,120, according to Sportico. He remained with the team for 13 years before being traded to the Boston Celtics. For the majority of his time with the Minnesota Timberwolves, Garnett had an unconventional way of keeping track of his paychecks, which he attributes to a lack of financial literacy. “I was kind of raised with a certain pedigree and mindset so I wasn’t introduced to wires or just fintech. I wasn’t financially savvy. I didn’t know about direct deposit. I didn’t know none of this,” Garnett admitted during an interview on “Jimmy Kimmel Live.” Garnett opted to cash his earnings and store it under his...
What a year for Coco Gauff. The tennis star made her way to the 2024 Paris Olympic Games, marking her first appearance in the Olympics. Despite not medaling, her appearance proved to be quite memorable. She also made history as the youngest athlete and the first tennis player to serve as the torchbearer. View this post on Instagram A post shared by Team USA (@teamusa) In October 2024, Gauff made history yet again when she won the China Open. According to CNN, she outperformed opponent Karolina Muchová and became the first American to win the China Open since Serena Williams in 2013. She wraps up the year by adding another title. In November 2024, she defeated Olympic gold medalist Qinwen Zheng during the WTA Finals held in Riyadh, Saudi Arabia. As Forbes notes , this marks her ninth WTA Tour singles title. Gauff took to Instagram to reflect on her achievement. “In all seriousness, I’m so grateful for all the support the last few weeks. Getting to win the last tournament of the...
Khaby Lame is letting the numbers do the talking. As AFROTECH™ previously reported, Lame, now one of the most-followed creators , was once a factory worker in Chivasso, Italy. “I was really poor,” he said on a panel during Forbes Creator Upfronts in partnership with Walmart Creator on Oct. 29, 2024. Lame was later fired from his job, returned to live with his family, and decided to not look back. Instead, he chose to bank on what was once merely a hobby — TikTok — during the onset of COVID-19. “When I started making videos, people told me to get a proper job,” he mentioned to Forbes in 2023. “But I continued to make videos because that’s what I like doing, even though no one was watching them.” It would ultimately become a money machine because he stood out for reacting to memes and viral videos without saying a word. “It’s my face and my expressions which make people laugh,” he told The New York Times in 2021. View this post on Instagram A post shared by Khabane Lame (@khaby00)...
Druski has the content creation game on lock. As previously reported by AFROTECH™, the Maryland native’s foray into comedy dates back to skits he shared on Instagram under the handle druski2funny. According to Forbes, he was known for his humor as the class clown at an early age, though it wasn’t always to the amusement of his teachers and parents. “I think just being a class clown early on that’s what kind of grooved me in my career,” he told Forbes. “Sometimes when you’re young you really don’t know what your purpose is. But thankfully I have good parenting, so now we figured it out in the midst of all the craziness, but they don’t always support being a c lass clown while in school and being young. I had to figure it all out later in life. I came back to it, and I was like ‘All right this is my purpose.'” Before his big break, Druski faced various challenges, leading him to work different jobs — some he was fired from, others he quit. He considered pursuing higher education and...
Kai Cenat plans to put his latest subathon to good use. Cenat is currently making a significant income as one of the most successful content creators. According to Forbes, he ranks No. 24 among top earners in the creator economy, with earnings totaling $8.5 million so far this year, as of Oct. 28, 2024. His recent accolades include: Setting Twitch’s North American viewership record through a stream with Kevin Hart and Druski First streamer to secure a partnership with Nike Multi-million-dollar deal with Rumble Deals with McDonald’s and T-Mobile View this post on Instagram A post shared by McDonald’s (@mcdonalds) Now, Cenat is fully immersed in Mafiathon 2, a nonstop, 30-day Twitch stream running 24/7 since it kicked off on Nov. 1, 2024. To boost visibility for the subathon, the streamer enlisted Kim Kardashian for promotion. Cenat hopes this event will serve as his redemption arc in reclaiming the title of the most-subscribed Twitch creator of all time — a record currently held by...
Coco Gauff has scored a new victory. The tennis star reigned supreme in her match at the China Open held in Beijing on Oct.6, 2024, against the Czech Republic’s Karolina Muchova, which led to a 6-1 6-3 victory. In the process, she has become the first American since Serena Williams to become a champion in the China Open, CNN reported. Furthermore, this brings her Women’s Tennis Association tour finals record to 8-1, per Blavity. “I‘m happy with the fight I showed during the past two weeks here in Beijing and very grateful to walk away with the @chinaopen title❤️. Thank you for all of the love and support! #Histimingisperfect #title,” Gauff, 20, wrote on Instagram. View this post on Instagram A post shared by Coco Gauff (@cocogauff) According to AS USA, Gauff also walks away with $1.1 million in prize earnings as a result of the match. She now adds to her $27.1 million net worth, which was last updated by Forbes on Aug. 23, 2024. At the time, this consisted of salary and winnings...
Denver Broncos fans are investing into outside linebacker Baron Browning. Browning has been tied to the team since he was drafted to the league in 2021. He was the 105th overall pick in the third round, notes NFL.com. He is signed to a four-year deal worth $4,785,852, which includes a $840,620 signing bonus and $840,620 guaranteed, according to Spotrac. After draft day, Broncos head coach Vic Fangio said , “He’s a good athlete, runs really well, and has versatility. We like his speed and like his athleticism. We think he will be a major contributor on special teams and compete for one of the linebacker spots.” Fans are also placing their faith and dollars into Browning. The 6-foot-3 linebacker has aligned himself with Vestible, an athlete investment platform that allows individuals to purchase shares in an athlete’s career or journey, their website states. This can permit fans to invest according to their own perception of an athlete’s worth and influence on their teams. View this...
College football player Travis Hunter has made wise financial decision with his latest name, image, and likeness (NIL) deal. NerdWallet Wide receiver for the Colorado Buffaloes, Hunter will now be working with finance platform NerdWallet, joining USC basketball superstar JuJu Watkins, Sports Illustrated reported. He is the first football athlete on their roster. The conditions for signing an NIL deal with NerdWallet include stipulations that the athlete must fulfill a smart money action and release publicly the terms of their contract. Hunter was given three smart money options and he moved forward with the plan to place 20% of his earnings into a savings account. “Preparation is the key to success both on and off the field, and I’m excited to plan for a strong financial future with the help of NerdWallet,” the NCAA athlete said in a statement. “The opportunity to earn and be smarter with managing my NIL money in the right bank account while playing football was too good to pass...
JuJu Smith-Schuster wasn’t a first-round pick in the 2017 NFL Draft, but the 27-year-old hasn’t let that stop him from shining on the field. He prepared for his professional career while playing wide receiver and safety at Long Beach Polytechnic High School as a teen, even gaining recognition as a five-star recruit from Rivals.com. The next natural step for Smith-Schuster was to play at the college level, joining the University of Southern California’s Trojans team from 2014-2016. During that time the athlete made a name for himself as one of the top wide receivers at his level, helping to secure him a rookie deal with the Pittsburgh Steelers. As he returns to a previous team for the 2024 season, football fans are curious about JuJu Smith-Schuster’s net worth , which is reportedly in the multi-millions. Since 2017, California Native Has Played For Three NFL Teams (Photo by Joe Sargent/Getty Images) After being drafted No. 62 overall in his rookie season, Smith-Schuster went on to...
The “Zendaya effect” is in full swing for shoe brand On. June 2024 the Zurich, Switzerland-based company announced it was collaborating with Zendaya Coleman and was signing the actress to a multi-year deal for her to become its brand partner, per WWD. Under their agreement she would be expected to help the company “drive meaningful conversations around movement and well-being, reimagine select product collections and produce future creative campaigns.” As part of the announcement, On launched its campaign “Dream Together” with Zendaya as the star of a short film. “We’ve been massive admirers of Zendaya’s ability to inspire a generation and dream big,” Co-Founder and Executive Co-Chairman David Allemann said, per WWD. “We can’t think of a better partner to help us grow, evolve and connect with people around the world than Zendaya. This film is the beginning of more stories to come and we are eager to bring in new and distinctive voices alongside Zendaya to continue our mission to...
Former University of South Carolina (USC) basketball player B.J. Mack has made his father’s entrepreneurial dreams a reality. According to the USC student newspaper The Daily Gamecock, his father, Brian, had once owned and operated a barbershop years ago that was centered around his interest in basketball. However, Brian was displaced from the business after 26 years because of highway construction in the area. B.J., who was raised in the barbershop, wanted to restore his father’s vision, NBC’s WCNC in Charlotte, NC, reports. “I’m a sports and entertainment management major, so … I came to them with the idea of, ‘Hey, since I know you really want to do a barbershop, you’ve been talking about it for pretty much 20 years of my life, why not be able to help you out with it?'” B.J. explained, per WCNC. On June 29, 2024, House of Hoops Barbershop launched near downtown Charlotte, and it led a charity shoe drive for the community at its grand opening. What’s more, the venture was...
Serena Williams was playing to win. As AFROTECH™ previously reported, Williams was purely satisfied by the game, and money was an afterthought. So much so that she would often forget to pick up her prize money after tournaments. “When I started tennis, first of all, I’m from Compton, CA, and I remember playing on these courts, and my life was great. I never felt like I needed anything. So for me, money was never a motivation,” Williams explained on Bloomberg Originals’ “The Deal” podcast hosted by Alex Rodriguez and Jason Kelly. “I remember when I first started, back in the day, they used to write out checks after you won your tournament. And I would always forget to get the checks. And so at the end of the year they would always have to say, ‘Serena, we have all these checks for you.’ I’m like, ‘Oh my God.’ And at the time, I had an accountant who would be like, ‘Serena, they sent me all these checks that you would forget to get from the tournaments.’” While she reveals she was...
Money management can be a learning curve for many athletes, and this was the case for Dwyane Wade. Wade was drafted to the league in 2003, which is viewed as “one of the greatest draft classes in NBA history,” the league mentions. LeBron James, Carmelo Anthony, and Chris Bosh were also drafted that year. Wade would make his debut with the Miami Heat as the No. 5 overall draft pick, Sports Illustrated reports. He then signed a three-year contract valued at $8.5 million, to The Palm Beach Post. For Wade, being drafted to the league allowed him to overcome the odds that were stacked against him living in the South Side of Chicago, where he would hear gun shots frequently. At one point, he was being raised by his mother who struggled with addiction and would leave him at home for periods of time, according to Business Insider. When he was 9 he eventually moved to a new neighborhood to be with his father, who had divorced his mother. “[My father] was militant,” Wade shared during an...
It was never about the money for tennis legend Serena Williams. During an interview on Bloomberg Originals’ “The Deal” podcast hosted by Alex Rodriguez and Jason Kelly, she recalls forgetting to pick up her award checks after winning tournaments, necessitating friendly reminders from her accountant. “When I started tennis, first of all, I’m from Compton, CA, and I remember playing on these courts, and my life was great. I never felt like I needed anything. So for me, money was never a motivation,” Williams told the hosts. “I remember when I first started, back in the day, they used to write out checks after you won your tournament. And I would always forget to get the checks. And so at the end of the year they would always have to say, ‘Serena, we have all these checks for you.’ I’m like, ‘Oh my God.’ And at the time, I had an accountant who would be like, ‘Serena. They sent me all these checks that you would forget to get from the tournaments.'” Instead, Williams was more focused...
Fans of 50 Cent’s “Power” franchise may have been first introduced to Michael Rainey Jr. in 2014 for his breakout role as Tariq James St. Patrick, but his acting days started years before. In an interview with Forbes’ “New Money” podcast, the actor recalled landing his first movie, “Un Altro Mondo (Another World),” at age 9 in 2010. Before the starring role, Rainey’s acting journey began when a talent agent approached his mom to consider placing him in the business. “She literally just walked up to my mom and said, ‘Your son has a great face for acting or modeling. Does he do any of that?’” Rainey told host Rosemarie Miller. “And she was like, ‘No.’ And then, like a week after, they had a meeting in the office and after that, they just started getting me auditions.” The auditions that rolled in included TV time for shows like “Sesame Street” and more. The progression of Rainey’s gigs led to landing his bigger role on “Power.” However, prior to the hit Starz show, he says that his...