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Former NBA athlete Junior Bridgeman is now a billionaire. From NBA Player To Successful Businessman Bridgeman was among the 1975 NBA Draft class and was selected in the first round as the eighth pick by the Los Angeles Lakers, notes Basketball Reference. He was soon traded to the Milwaukee Bucks as part of a deal to bring Kareem Abdul-Jabbar to the Lakers. He went on to play with the Bucks until 1984 before spending two years with the Los Angeles Clippers. Bridgeman returned to the Bucks for his final season in 1986-87, according to ESPN. His starting salary in the league was two payments totaling $140,000, but he only saw $55,000 due to taxes and agent fees. Over his 12-year playing career, he earned $2.95 million and never made more than $350,000 in a single season. When Bridgeman retired from the league in 1987, he had already considered a roadmap for his post-career as a businessman. Forbes notes that he received guidance from former Milwaukee Bucks owner Jim Fitzgerald, who...
Damian Lillard just received back-to-back victories. The eight-time All-Star is currently on the roster of the Milwaukee Bucks following a three-team trade in November 2023, a news release mentioned. It has not taken long for the team to reach a major milestone. On Tuesday, Dec. 17, 2024, the Milwaukee Bucks were announced as champions over the Oklahoma City Thunder in the annual in-season NBA Cup, which is in its second year. What’s more, players on the team with standard contracts will be awarded $514,971 each for the victory, notes WGN-9 TV. “I’ve had a lot of experience individually where I’ve had accomplishments and stuff,” Lillard said, according to AP News. “But to have some team success and win something and be the last team standing in this tournament, it feels great.” Giannis Antetokounmpo, power forward and teammate, commented: “I’m so happy for Dame that we got our first trophy together. This is just the beginning. We have to keep on improving and getting better, and we...
Robert F. Smith is the second-richest Black man in America. Smith follows behind David Steward, the founder of IT management company World Wide Technology, who boasts an $11.4 billion net worth to secure the top spot among Black individuals, Forbes notes. View this post on Instagram A post shared by AFROTECH (@afro.tech) Smith’s return to the list is a result of his role as founder, chairman, and partner at Vista Equity Partners, a firm that invests in enterprise software, data, and technology companies, per its website. With more than $100 billion in assets since its inception, its portfolio companies include Forcepoint, Comply, Datto, Brainware, and InfoBlox, among others. In 2024, Vista Equity Partners made additional billion-dollar moves. This includes joining Blackstone in the acquisition of Smartsheet — an enterprise platform for modern work management — for an all-cash transaction valued at $8.4 billion in September, as AFROTECH™ previously told you. “Modern enterprises rely...
When Malcolm Jenkins secured stake in England’s Burnley FC, he made history in the process. Sports Illustrated reported the three-time Pro Bowl safety became an investor — through Malcolm INC and Disrupt Sports Partners — in the Burnley, Lancashire-based professional team within the English Premier League (EPL) back in 2021. He joined the new ownership group, ALK Capital. Jenkins, playing for the New Orleans Saints at the time, saw the opportunity as a perfect alignment to values that have been central to his business portfolio, noted a press release. He pointed to the club’s “tenacity, work ethic, good sportsmanship and efficient operational infrastructure.” His decision was finalized following a visit to the team’s Turf Moor stadium in England before watching the team, nicknamed “The Clarets,” play against Manchester City. “I think the club’s doing a great job with some of the updates around the stadium and to see the vision of where they want to go in creating a venue that’s not...
Marketing strategist Mahdi Woodard is helping Black entrepreneurs harness their marketing power. His mission follows nearly 10 years of experience in corporate marketing. Ultimately, it was a nudge from a mentor that opened up his mind to the possibility of venturing further into the marketing sector on his own terms. “He said, ‘If you got the financial chops to do corporate finance, investment banking, you’ll thrive in marketing. Because it’s not just the creative things, you are the person that’s running the business. You need to have that analytical rigor and that creative muscle,'” Woodard recalled the advice on the “Black Money Green Tech” podcast hosted by Will Lucas. The branding specialist also recognized he had become a trusted resource for many who were looking for advice, which he later recognized as consulting. By placing a calculated bet on his skills, he forged his path as a brand strategist under his own company, Mahdi Woodard, Inc. In that same breath, he is...
Dame Dash claims Drake may have interests in buying his stake in Roc-A-Fella Records. As AFROTECH™ previously reported, Dame Dash is in the midst of having his shares sold after an $800,000 judgement was placed on him in regard to a copyright infringement and defamation of character lawsuit. With a chance to invest in Roc-A-Fella Records, the interest is high as it brings partial ownership of the copyright to Jay-Z’s debut album, “Reasonable Doubt.” “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard. Bhushan’s prediction may be ringing true as Dame Dash recently shared on the “America Nu Network” show, he received a direct message from Drake, who was looking to...
Ulysses “Junior” Bridgeman now holds a stake in the league where he once played. Bridgeman was drafted to the NBA in 1975 and selected by the Los Angeles Lakers as an eighth pick in the first round, Basketball Reference reports. Bridgeman continued his career in the league with nine seasons for the Milwaukee Bucks, followed by a two-year stint with the Los Angeles Clippers, before returning to the Bucks for his final season and retiring in 1987, Sports Illustrated mentions. At his highest, he earned $350,000 in a single season, as AFROTECH™ previously reported. However, his fortune greatly increased beyond the NBA, amassing a reported $600 million. His business portfolio has included Wendy’s and Chili’s restaurant franchises, although he later sold his stakes in 2016 and soon after became a Coca-Cola distributor. The basketball veteran is also the owner of Ebony and Jet Magazine as of 2020. He purchased the publications for $14 million after they filed for bankruptcy. In a...
Former Milwaukee Bucks player Jabari Parker has been in the news a lot lately due to his recent tearful video. The video in question seemingly sees the 29-year-old power forward regretting his decision to play overseas after being bounced around from several NBA teams in the last decade or so. While the video is quite heartbreaking, fans should be happy to learn that Parker’s financial future is still secure regardless of his next career moves. According to Celebrity Net Worth , Jabari Parker has an estimated net worth of over $20 million. So let’s take a moment to examine Jabari Parker’s career, current revenue streams, and any public information regarding his investment portfolio. With any luck, the world-renown star will be able to use his money, influence, and name-recognition to enter into any career or lifestyle path he wishes. Without any further preamble, let’s unpack the life and financial figures of the All American athlete. Parker’s Early Life And Career Origins (Photo by...
Billionaire Michael Jordan has marked himself as a shrewd investor. Now, the National Basketball Association (NBA) legend is investing in his passion for luxury collectibles. WatchBox, an e-commerce platform for collectible luxury watches, has secured a $165 million round of equity capital, according to a press release. It was led by The Radcliff Companies and The Spruce House Partnership. Other participants include CMIA Capital Partners and NBA stars such as Michael Jordan, Giannis Antetokounmpo, Chris Paul, Karl Anthony Towns and Devin Booker. “Our investors and partners hail from a wide range of industries, from consumer to technology, finance and professional sports, yet we are all bound by our love of watches. When we founded WatchBox, our vision was to build a brand that would engender trust so that we could unite a passionate network of enthusiasts. With that foundation we are now able to use technology to create the best customer experience in the industry,” said Justin...
NBA champion and two-time league MVP Giannis Antetokounmpo is adding yet another sport to his repertoire with a new investment in his city’s baseball team. The Milwaukee Bucks star is said to have purchased an ownership stake in the Milwaukee Brewers, according to the MLB team, making him the first new individual investor to be added to the Brewers ownership group since 2005, ESPN reports. “We are honored to have Giannis join our team of Milwaukee Brewers investors,” Brewers principal owner Mark Attanasio said in a statement. “Giannis is a great athlete, a world champion, and a true local hero with international renown.” Giannis Antetokounmpo has joined the Crew! The two-time MVP is officially part of the Milwaukee Brewers ownership team. Thank you, Giannis, for your commitment to our team and Milwaukee! @Giannis_An34 | #ThisIsMyCrew pic.twitter.com/3xRk2yNHrp — Milwaukee Brewers (@Brewers) August 20, 2021 Just like other athletes in their off-season, Antetokounmpo is following in...
This fund manager is on a mission to get Black founders the capital they deserve! And in less than a year after she started, she’s succeeded in that mission by raising $13.5 million for her Milwaukee-based venture fund. When venture capitalist (VC) Dana Guthrie first sought out a career in the technology industry, she had no idea that it would lead her to help others in a massive way. As a basketball recruit in 2006, she enrolled in Milwaukee’s School of Engineering and from there jumped headfirst into the technology field majoring in computer engineering. Today, she’s using her platform to help connect Black founders with the financial resources that they need to not only survive but thrive. According to Yahoo! Finance, Guthrie created Alchemy Angel Investors after she crossed paths with like-minded individuals while working at Johnson Controls, a building equipment company. It was there that she also met Black professionals with a background in finance, but no real knowledge of...
Behind every great man is an even greater woman, and Shante Broadus — wife of rapper Snoop Dogg — is the perfect example of that. She first met her now-husband in high school, back when he was known as Cordozar Calvin Broadus and (allegedly) selling dimebags of weed to the likes of Cameron Diaz. She stuck by him through thick and thin, and eventually became his first-ever manager. When Snoop’s career took off, she turned her bag around and flipped it into her own production company called Boss Lady Entertainment. But things weren’t always easy for the Hip-Hop power couple. In 2004, the couple had to weather the biggest storm of their lives when they filed for divorce. “A lot of times you get cloudy,” Snoop explained to E! News, at the time. “This music industry is a mother, man, and it’ll take your vision and blur it.” Eventually, however, he realized that Shante Broadus was the definition of a rider, and he worked overtime to finally win her back. “I was trying to get a divorce,...
The NBA Foundation is working to make impactful strides in the social justice sector for its inaugural year. Just one year after the Milwaukee Bucks held a strike following the police shooting of Jacob Blake, the NBA has demonstrated a better understanding of what it means to invest in social-justice-driven philanthropy. In doing so, it’s putting its money where it’s needed most to uplift the next generation of Black leaders. According to an announcement from the NBA, the league’s newly-created foundation celebrated its one-year anniversary last week by distributing $6 million to 22 different organizations who aim to “create employment opportunities, further career advancement and drive economic empowerment for Black youth.” These grant recipients — including Black Girl Ventures — were a part of the foundation’s third round of grant funding to be given out in its first year. As part of its one-year anniversary, the NBA Foundation announced 22 new grants totaling $6 million today to...
If someone were to tell you the net worth of T.I., would you be surprised? The man born Clifford Joseph Harris, Jr., has come a long way from being a trap music rapper on the local Atlanta scene. He’s now known as a producer, an entrepreneur, a record label executive, an actor, and even a reality star. View this post on Instagram A post shared by TIP (@troubleman31) No matter what he does, T.I. knows how to generate headlines. Recently, he and his wife Tameka “Tiny” Cottle made headlines when they took a trip to Costa Rica for their anniversary and proceeded to get dragged for their lives for how they looked. T.I. then topped it off with an Instagram video, which you can see above, where he defends DaBaby’s recent homophobic rants at Rolling Loud 2021. Despite the controversy — or, maybe, because of it — T.I. has grown his net worth in 2021 and beyond. T.I. Net Worth 2021: $50 Million According to Celebrity Net Worth, T.I. has a net worth in 2021 of $50 million. Like many wealthy...
Last year, then New Orleans Pelicans guard Jrue Holiday pledged the remainder of his NBA 2019-2020 salary ($5.3 million) toward his newly-established Social Justice Impact Fund. According to Bleacher Report, the Milwaukee Bucks player is following up on that progress to announce the second round of applications distributing up to $1 million in grants to Black-led nonprofits and Black-owned businesses in select U.S. cities. A press release reports that this time around the focus of the grants from the Jrue and Lauren Holiday Fund (JLH Fund) will be allocated to the Greater Milwaukee, New Orleans, Indianapolis and Los Angeles areas, primarily catering to organizations that focus on having a social impact and creating a more equitable future for marginalized communities. “When we first decided to start this fund, it was at an inflection point of two pandemics – the disproportionate effects that COVID-19 had on the Black community and businesses, and equally as devastating, the murders...