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Hampton Football Star KeShaun Moore Signs NIL Deal With WWE As Its First-Ever HBCU Athlete

The second class of college athletes is ready to rumble with WWE. Under the professional wrestling company’s “Next In Line,” name, image, and likeness (NIL) agreements have been signed by 15 recruits including KeShaun Moore — its first-ever HBCU athlete — according to ESPN.

Jun 14, 2022

Steve Pamon, COO of Beyoncé's Parkwood Entertainment, Joins WWE's Board of Directors

This week, WWE® — the American integrated media and entertainment company for professional wrestling — announced seasoned sports exec and Parkwood Entertainment CEO Steve Pamon as the latest addition to their board of directors. With experience in both sports and entertainment, Pamon is expected to fit in as a viable asset to WWE® and the company looks forward to welcoming him to the board. “Steve brings an extraordinary track record from the media and entertainment industry and is an accomplished senior executive,” said WWE Chairman & CEO Vince McMahon in a statement . “I am confident his experience and insights will add tremendous value to our company.” Pamon shared the exciting news of his latest career achievement via social media as well. View this post on Instagram A post shared by StevePamon (@stevepamon) As the President & CEO of the music company founded by Beyoncé in 2010, Pamon is over a global media portfolio, including artist management, music production, concert tours,...

Sep 4, 2020

Dwayne Johnson Awarded Nearly $14M In Stock Almost A Year After Being Appointed To TKO Group Holdings Inc.'s Board

Dwayne Johnson now holds a greater stake in WWE, the place where his journey began. As AFROTECH™ previously reported, the wrestler-turned- actor -turned- businessman has taken on a new role with TKO Group Holdings Inc., the parent company of WWE and UFC. Johnson joined its board of directors in January 2024 and, as a result, also secured full ownership of “The Rock” trademark. “My grandfather, ‘High Chief’ Peter Maivia, and my dad, Rocky ‘Soulman’ Johnson, would’ve never thought this day would come,” Johnson said at the time, according to Variety. “Which is why I’m very humbled to have a seat at the table that has decades of history and family legacy for me. A table that my family helped to build. …Being on the TKO Board of Directors, and taking full ownership of my name, ‘The Rock’, is not only unprecedented, but incredibly inspiring as my crazy life is coming full circle.” He continued, “I’m very motivated to help continue to globally expand our TKO, WWE, and UFC businesses as the...

Jan 6, 2025

Floyd Mayweather’s $400 Million Net Worth Allows Him To Bless His Family

World-renowned boxer Floyd Mayweather is making headlines for a recent knockout away from the ring: the gift he gave his grandson on Christmas Day. This year for the holidays, little KJ became the owner of a $20 million building in the Diamond District of New York City as shown in a heartwarming video circulating on social media . The three-year-old is the son of Iyanna Mayweather and rapper NBA Youngboy (who has 12 kids total); while their relationship didn’t last, Floyd has infinite love for his grandson, even proudly showing off the toddler’s boxing skills over the summer. Through his success, Mayweather has created generational wealth for his family, including Iyanna’s four siblings and their children. He was once the fifth-highest-paid athlete of all time, ending his career with a 50-0 record. However, his achievements and earnings are not the result of an easy path. As CNN reports, the icon’s father, after being released from prison , began training him for success at an early...

Dwayne Johnson Once Fired His Agents Because They Did Not Believe He Would Have Success That Matched Will Smith — Now He's Worth $800M

Dwayne Johnson decided to fire his agents because he saw the bigger picture. Johnson first put his name on the map as a professional wrestler, inspired by his father, Rocky Johnson, who had a legendary resume within the sport and was honored as a WWE Hall of Famer. “I think I’m going to like professional wrestling,” Johnson remembered, according to a conversation with GQ. “So we fought. [My dad] didn’t want me to get into it. And then I wound up having the career that I had. And he was proud. But he also wrestled with a lot of my success, and I know that as his son.” Johnson would later find a commonality between wrestling and acting. He revealed to GQ that he pivoted attention towards Hollywood, understanding that he could still reach the masses as an actor. “When I got into the business of Hollywood and moviemaking, it’s like, ‘Okay, well, what kind of movies do I want to make? I want to make movies that hopefully are good, that don’t suck. But also reach as many people as...

Nov 13, 2024

UFC Net Worth: How The Company Went From Backyard Brawls To Billions In Equity

If you have even a passive interest in sports, professional fighting , or mixed martial arts, you’re undoubtedly aware of the UFC, which shattered records in 2023 as the largest MMA promotion in the world. The entity, whose title is short for Ultimate Fighting Championship, is one of the largest subsidiaries of Endeavor Group Holdings, which owns such massive companies as the Asylum Entertainment Group, TKO Group Holdings, and Professional Bull Riders. As of 2024, the UFC has ballooned its market capital to record highs , and run more than 700 events worldwide. According to BetMGM , the UFC is currently valued at a net worth of over $12 billion, with expectations to continue growing as the years carry on. Given that the outlet is so successful, it only makes sense that we perform a deep dive into the history and financial security of the business. Any entity which balloons from a humble MMA showcase to a multi-billion industry in the span of just 30 years is absolutely worth...

Oct 11, 2024

Olympic Gold Medalist Masai Russell Learned How To Manage Her NIL Deals From Her Mother

Thanks to her mother’s advice, track-and-field athlete and Olympic gold medalist Masai Russell felt comfortable taking on NIL opportunities. In 2021, college athletes were permitted to profit from their name, image, and likeness for the first time due to an NCAA rule change, the New York Times reports. Russell, a University of Kentucky student-athlete at the time, was in disbelief. She recently expressed that it had been the status quo for athletes not to receive compensation. “When I was able to see that NIL was an opportunity that I could take advantage of, I didn’t know that it was real at first,” she mentioned during an interview on “The It Girls” podcast. “I didn’t know this was something that was in the making for so long because everyone, it was always like an ongoing, ‘Oh, no. Athletes shouldn’t get paid. Athletes should get paid.’ It was always a back-and-forth battle. So when the law actually got passed, I really didn’t believe it.” After further research, Russell was...

Aug 13, 2024

Dwayne Johnson Joins Board Of TKO Group and Secures 'The Rock' Trademark

It’s a full circle moment for Dwayne Johnson, who has secured full ownership of “The Rock” trademark. According to ESPN, the former wrestler who has gone on to become an actor and businessman has been appointed to the board of directors of TKO Group Holdings Inc., which is the parent company of WWE and UFC after Endeavor merged the two entities. “I am thrilled to partner with Dwayne and welcome his immense talent to TKO’s Board,” Ariel Emanuel, CEO of TKO and Endeavor, shared in a statement, per The Hollywood Reporter . “Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for TKO.” What’s more, Johnson now has full ownership of “The Rock” trademark and has landed a services and merchandising agreement under the deal. For Johnson, who is a 10-time WWE champion and would go on to pursue a career in the entertainment industry as a blockbuster actor, he describes the feat as...

Jan 23, 2024

How Dwayne 'The Rock' Johnson Went From Having $7 To His Name To Earning An Estimated $800M Net Worth

For those of a particular age, certain cultural moments immediately evoke nostalgia. Undoubtedly, one of those moments is best wrapped up in Dwyane “The Rock” Johnson’s coined phrase: “If you smell what The Rock is cooking.” For years, the WWE wrestler would taunt his opponents and captivate the audience through what was once described as the most electrifying move in sports entertainment: the people’s elbow. However, Johnson’s story doesn’t start or end with his popularity in wrestling. Football Was The Original Dream For The Rock Johnson — a California native — spent the early years of his life engaged in sports while watching his father, Rocky Johnson, have a career in the wrestling industry. Although this example would eventually foretell The Rock’s career, he would spend some time pursuing a football career. After graduating from high school, Johnson attended the University of Miami as a member of its football program. According to Bleacher Report, the athlete played on the...

Oct 13, 2023

HBCU Athlete Rayquan Smith Shares How He Has Secured Nearly 100 NIL Deals

An HBCU athlete has shared the strategy behind how he secured nearly 100 NIL deals.

Sep 19, 2023

What's Snoop Dogg's Reported Net Worth in 2023?

If you ask Older Millennials and Gen Xers if their younger selves ever thought Snoop Dogg would go from being the face of West Coast “gangsta rap” to swapping recipes and planting tips with Martha Stewart, the answer is probably no. But this longtime hip-hop fixture and style icon mastered the art of the professional pivot to the point that many in the Gen Z and Alpha segments might not even realize his hardcore roots. Snoop Dogg’s street credibility is undeniable and he has proven that staying true to yourself will always take you further than pandering. So, with decades spent in and around the music industry — to the point that he is a fixture — you might wonder just how much the West Coast rapper, actor and entrepreneur is worth. A California Story Snoop Dogg (formerly Snoop Doggy Dogg in his earlier rap days) was born Calvin Cordozar Broadus, Jr. in 1971. From Long Beach, California, Snoop Dogg has a musical path that will sound familiar. As a child he first played piano and...

One Of The Most Streamed Artists On Spotify, What Is Bad Bunny's Reported Net Worth?

Even the most casual reggaeton fan has come across a Bad Bunny track a time or two. The Puerto Rican rapper continues to make waves in all the right ways with a deep voice and unique cadence that is instantly recognizable as soon as he starts singing. Along with being one of the hottest artists worldwide, he is also known for tackling tough social topics like women’s rights, gender fluidity and his own struggles with mental health — which only makes him more relatable. Although he is only 27 years old, Bad Bunny is on track to be one of the best Latin artists of all time, with an influence that crosses genres , languages and cultures. But with his seemingly meteoric rise to stardom — including well-placed roles in the movie “Bullet Train” and the Netflix series “Narcos: Mexico” — just how large is Bad Bunny’s net worth? From Puerto Rico To The Global Stage While the world knows the reggaeton artist as Bad Bunny, he was actually born Benito Antonio Martinez Ocasio in 1994. Originally...

Kevin Durant Joins Investment Round To Usher New Era For Premier Lacrosse League

Kevin Durant has made a new investment to advance another area of sports. Bloomberg reports Durant’s Thirty Five Ventures was a part of an investment round led by The Chernin Group for the Premier Lacrosse League with participation from World Wrestling Entertainment (WWE) Inc. Premier Lacrosse League founders, Paul and Mike Rabil have not disclosed exact valuations. However, the number has doubled since the company’s previous funding round in 2021.

Jul 21, 2022

How Chloe x Halle Went From Catching Beyoncé's Attention As YouTubers To A $3M Combined Worth

All it takes is one person to give you a chance, and in Chloe x Halle’s case, it was Beyoncé. Thanks to their savvy social media approach, the sister duo eventually caught the attention of none other than Beyoncé, who spotted their YouTube page and eventually began pushing them on her own social media pages. “Beyoncé saw our YouTube video online, and that’s because so many people shared it, and it created a buzz,” Chloe said, according to Rolling Stone. Eventually, the Queen became their mentor and signed them to Parkwood Entertainment, her record label. And, as might be expected, that move jettisoned Chloe x Halle into the stratosphere. Even by their own admission, their career wouldn’t be what it is today were it not for Mrs. Knowles-Carter. “Beyoncé is the true definition of what it is to be yourself and work hard and give it your all,” they said to Rolling Stone. “As young artists and as young Black women who watch her, you automatically know your worth. You know to stand in...

How Dwayne 'The Rock' Johnson Proved He Was More Than A Wrestler And Amassed A $400M Net Worth

Dwayne “The Rock” Johnson continues to get paid. Footwear News is reporting that The Rock has created a new line with Under Armour called “Outlaw Mana,” which features a full line of clothing and shoes for the discerning athlete. The PR4 training shoe is the “crown jewel” of this new collection, and it retails for $150. There’s also a women’s line that’s in line with the men’s offerings, as well, under the imprint. This is just the latest in a long line of business deals for Dwayne Johnson, who also recently purchased the pro football league, XFL, for $15 million. He also purchased the Teremana Tequila brand, which made history in December 2020 for its record-breaking sales. “Our entire Teremana team and I are quite pleased and humbled that the brand is experiencing this incredible, off-the-charts success,” he said, according to AfroTech’s recent report. “But we also recognize there’s so much more work to be done. We’re building a mana fueled legacy brand and I’m in it for the long...