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After all of the speculation, Shaquille O’Neal has officially sold his minority ownership stake of the Sacramento Kings. The basketball legend-turned-investor made the announcement on his Twitter page. . @SacramentoKings @Vivek All love…✌🏿👑 #Shaqramento pic.twitter.com/QJ3gtDcwUO — SHAQ (@SHAQ) January 13, 2022 “As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings. I want to thank the fans, the city of Sacramento, Vivek Ranadive and the entire Kings organization for our great partnership. I loved being an owner of such a forward-thinking organization and I hope to be back someday,” O’Neal shared in a statement via Twitter. “I was fortunate to have Arctos help me with this transaction. I’m sure they will be a great partner for Vivek, the Kings, and the NBA going forward. Till we meet again…” According to Sports Illustrated, Shaquille O’Neal purchased a share of the Kings back in 2013. However, it’s unclear how much the sale of...
Acclaimed filmmaker Ryan Coogler, best known for writing and directing such smash hits as “ Black Panther ,” “Creed” and “Fruitvale Station,” has been making waves recently with his new movie “Sinners.” For those who don’t know, “Sinners” has already garnered over $70 million at the box office , despite having just released on Apr. 18. The film also had a very modest marketing push and very little studio support, making its success even more impressive. While “Sinners” has been drawing plenty of eyes from the general public, the behind-the-scenes story of Coogler’s Warner Bros deal has also enraptured creators, filmmakers and Hollywood film buffs alike. In fact, financial analysts have predicted that the “Sinners” deal could be worth millions for generations to come, while some studio insiders have expressed concern that the deal will destabilize the future of the industry if other filmmakers attempt to replicate it. In order to understand exactly what terms are established by Ryan...
New funding has been raised for an online learning platform helping students avoid the debt of college. Campus was created by Tade Oyerinde, also its chancellor, to provide quality education to students through accredited, career-focused degree programs led by professors from top higher learning institutions such as Stanford University, University of California – Los Angeles , and Howard University. According to its website, Campus offers online associates degrees in business administration and business administration with applied artificial intelligence (AI) concentration to participants nationally. For its Sacramento, CA, campus, it has specific offerings for students in-state such as an associate’s degree in paralegal studies as well as one in AWS cloud administration. This campus also provides certification in medical assisting, medical billing and coding, phlebotomy, technical support, barbering and cosmetology, and other programs for California residents. Furthermore, to...
50 Cent is keeping himself booked and busy. On Tuesday, the rapper and businessman announced his first Las Vegas residency, set for six exclusive shows at PH Live inside Planet Hollywood Resort & Casino from Dec. 27 to Jan. 4. According to TMZ, sources say 50 Cent secured a $15 million deal, making it one of the largest Hip-Hop residencies ever. One of the shows will feature an exclusive New Year’s Eve celebration presented by his Sire Spirits brand. “My first Vegas residency is going to be an experience, you don’t wanna miss this!” 50 Cent shared on X. My first Vegas residency is going to be an experience, you don’t wanna miss this! I’ll be doing 6 Exclusive shows December 27 – January 4 at PH Live at Planet Hollywood Resort & Casino. Tickets on sale Saturday 🔥 pic.twitter.com/EPQGuEnADJ — 50cent (@50cent) October 15, 2024 Titled “50 Cent: In Da Club” — a nod to his iconic 2003 hit — the residency promises performances of new tracks and classic favorites, including “21 Questions,”...
Earlier this year, the Charlotte Hornets re-signed guard Seth Curry for a one-year deal. The NBA team traded P.J. Washington to the Dallas Mavericks in order to acquire Curry on Feb. 8. Seth’s take on being a Hornet: “ ON PURPOSE, FOR PURPOSE .” So what is Seth Curry’s net worth? The terms of Seth’s current contract have not been reported. However, prior reports estimate that Seth has earned a total of $33 million in the NBA and currently $16 million. In 2021-22, he reportedly earned $8.2 million with the Brooklyn Nets. In 2018-19 with the Portland Trail Blazers, he had a rumored $3 million deal. Additional NBA teams he’s been on since 2013 include the Erie BayHawks, Santa Cruz Warriors, Memphis Grizzlies, Cleveland Cavaliers, Phoenix Suns, Sacramento Kings, Philadelphia 76ers and the Dallas Mavericks. (Fans got an inside look at his Texas mansion, which he was selling for $3.6 million , during one of his trades.) What Else Is Seth Curry Up To? As is common with lots of today’s...
Kevin Johnson’s food venture is rapidly growing. As AFROTECH™ previously told you, the former NBA player who made headlines for becoming the first Black mayor of Sacramento, CA, is the founder of a restaurant venture named Fixins Soul Kitchen. He opened the first location in that very city, which is also his hometown, in 2019, notes Eater Detroit. “I grew up in Oak Park, so that was the poor part of the city of Sacramento, and like every city around the country, it was the underserved community,” Johnson told Eater. “I wanted to do our first Fixins in that neighborhood to prove that we could be successful in the neighborhood I grew up in.” Fixins Soul Kitchen has expanded and now has four locations in the following areas: Sacramento, CA (Oak Park) Los Angeles, CA (LA Live) Tulsa, OK (Black Wall Street) Detroit, MI (Paradise Valley) View this post on Instagram A post shared by Fixins Soul Kitchen (@fixinssoulkitchen) The restaurant’s menu items were inspired by various soul food...
50 Cent has revealed one of those “unwritten laws of business.” The artist and entrepreneur took to the stage at Invest Fest in Atlanta, GA, and shared his unspoken rule in business: Never appear to need anything. He then clarified the thought process behind this surprising rule. “One of the unwritten laws of business is to not appear to need anything,” he said during Invest Fest, according to HipHopDX. “Because everybody will do you a favor when you don’t need one. If they can expect a bigger favor in return or a favor from you at some later point, they’ll find the ability to just do it.” He added: “That’s why when they tell me no, I go — if television say[s] they [are] going on strike, I say, ‘Okay, I’m on tour.’ That last tour [the Final Lap Tour], I did 103 shows. It’s the third-highest-grossing Hip-Hop tour ever.” Although the saying “closed mouths don’t get fed” is commonly accepted, 50 Cent has succeeded in various ventures despite not adhering to this principle. While it is...
50 Cent is in no rush to join the billionaires club. His Empire The rapper-turned-entrepreneur has experienced massive success that dates back to his first studio album, “Get Rich or Die Tryin” in 2003. Living by example, 50 Cent’s empire has grown in numerous ways. With more than two decades in music and the entertainment sector, 50 Cent still collects major revenue as an artist. Business Insider reports 50 Cent said he earns between $900,000 and $1 million per show. This is without releasing an album since 2014. “I get the attention that I want from music when I want it,” 50 Cent said, according to the outlet. He has also diversified his portfolio through ventures including his premium wine and spirits company, Sire Spirits, which boasts several multi-year partnerships with NBA teams including the Sacramento Kings, Houston Rockets, and Indiana Pacers, among others. He has made some great business moves as well through investing, such as acquiring a minority stake in Vitaminwater,...
Andre Iguodala once rejected a $60 million offer to accept a lower deal with the Golden State Warriors. Final Year With The Denver Nuggets In 2013, Iguodala was a member of the Denver Nuggets, posting averages of 13.0 points, 5.3 rebounds, and 5.4 assists in his last season with the team, spanning 80 games, ESPN reports. The Denver Nuggets were interested in keeping Iguodala on the team. However, he was looking to exit his final year of the contract to become a free agent. The Denver Nuggets offered him a $60 million five-year deal, with $52 million guaranteed, to try to keep him on the team, per ESPN. ESPN reports that other teams were vetting for his talents, including the Sacramento Kings, which reportedly offered him a $52 million four-year deal, and the Golden States Warriors, which were looking to put up $48 million for the same timeframe. Rejecting The $60M Offer From The Denver Nuggets Iguodala did not respond promptly enough to the Sacramento Kings, so the team rescinded...
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...
Reading is one of the fundamental skills required for youth to excel academically. However, there has been a rising number of children who struggle with literacy skills. According to The Nation’s Report Card, only 33% of fourth-grade students could read at or above the basic reading level as of 2022. To be a part of keeping students motivated to read, Beanstack, formerly known as Zoobean, stepped in. Founded by husband-and-wife team Felix Brandon Lloyd and Jordan Lloyd Bookey, the edtech startup was created to not only support children’s reading growth but also grow their overall love for reading. The drive to launch the company stems from the founders’ background in education. In addition to Bookey serving as Google’s head of K-12 education outreach, Lloyd had worked in the public school system. He started out as dean of students at the SEED Public Charter School, where he was named Washington, D.C.’s “Teacher of the Year.” Then, in 2007, Lloyd was selected for Echoing Green’s...
Kenny Smith has become a familiar face in sports broadcasting, and he’s being fairly compensated for his contributions. His background in sports can be traced back to his playing days on the basketball courts of the University of North Carolina, according to the National Urban League. Upon graduating with a degree in Industrial Relations, he would be drafted to the Sacramento Kings as a sixth overall draft pick in 1987, ESPN reports. On Oct. 14, 1987, Smith signed a multi-year contract with the team, RealGM mentions. He would go on to play for several teams, including the Houston Rockets, for six seasons. View this post on Instagram A post shared by Kenny Smith (@kennysmith) They would earn two National Championships in 1994 and 1995 during his tenure. “I was one of the perfect pieces that fit into that championship mix,” Smith told Houstonia Magazine. Smith played for a total of ten seasons in the NBA and also attached his name to the Atlanta Hawks, Detroit Pistons, Orlando Magic,...