In April 2023, Jalen Hurts inked a five-year, $255 million extension, including nearly $180 million guaranteed, making it Klutch Sports Group’s first significant quarterback contract, according to Sportico. Founded by Rich Paul in 2012, the leading sports agency has disrupted the industry ever since.
May 19, 2023
Rich Paul is bringing his business expertise to one of the leading global entertainment companies. The Klutch Sports Group founder and CEO has been appointed to Live Nation Entertainment’s Board of Directors, according to a press release, joining other familiar faces like Maverick Carter and Jimmy Iovine.
Apr 14, 2023
They don’t call LeBron James the GOAT for no reason. On top of breaking records such as becoming the NBA’s all-time leading scorer, the basketball star has built a business empire on and off the court. As previously reported by AfroTech, James’ numerous investments — which account for over $500 million of his wealth — have led him to reach billionaire status.
Feb 21, 2023
Tennis superstar Naomi Osaka and NFL quarterback Patrick Mahomes are said to be the latest pro athletes to join the pickleball craze! According to Front Office Sports, the two superstars are set to invest in a new Major League Pickleball team that is rumored to be based in Miami, FL.
Dec 15, 2022
Are Adele and Rich Paul the next Hollywood power couple? With rumors abounding about Adele and Rich Paul’s engagement, Pretty Little Thing has released a blog that has compiled a list of the top-earning Hollywood pairs of 2022. “We’ve looked at the couples’ combined social following, social engagement, Google search numbers, media coverage, and combined net worth to determine which couples officially reign over the others. And these are the results,” Pretty Little Thing said about their findings. Power couples are the perfect example of a true partnership. The couples that get their money together, stay together — and we absolutely believe that Black generational wealth in our lifetimes is 100 percent possible, even if they don’t always look as we expect. Dollars and cents wise, Adele and Rich Paul would definitely be amongst the most powerful pairs in Hollywood. In terms of “power couples,” they’d be joining the likes of Jay-Z and Beyoncé, Cardi B and Offset, and LeBron and...
Feb 8, 2022
Rich Paul is living, breathing proof that being in the right place at the right time can determine your destiny. In 2002, while walking in an airport, Rich Paul met a 17-year-old rising star in the basketball world. That “rising star” turned out to be LeBron James. And according to Business Insider, without Rich Paul’s guidance, Lebron would have never returned to Cleveland, thus kicking off a career that can only be described as legendary. “Paul had been pushing for LeBron’s return to Cleveland for years, calling it ‘something of a mission,’ reported the outlet. “After James opted out of the final year of his contract with Miami, Paul encouraged the Cavs to ‘offer no restraint in the recruitment of James.’ Cleveland responded by immediately making a trade to clear enough cap space to sign LeBron.” Today, Rich Paul is a sports agency founder who has generated wealth for his impressive roster of clientele. Basketball players all over the league sign up with him in the hopes that...
Aug 6, 2021
Today, Roc Lit 101 — the publishing division of Jay-Z’s Roc Nation and an imprint of Random House — announced it has acquired Klutch Sports Group Founder and CEO Rich Paul’s debut coming-of-age story, “Lucky Me.” In his first memoir, Paul — who’s known for representing NBA stars such as LeBron James, Anthony Davis, John Wall, Ben Simmons and Draymond Green — pens the story of him growing up and becoming a leading figure in the sports world. The upcoming book details his upbringing in Cleveland, Ohio, his relationships with his community and family, as well as life lessons he learned that helped shape him into who he is today. “Lucky Me is more than my story,” Paul shared in a statement. “‘Lucky Me’ is the story of every young Black man who grew up like me. I want to use my story to uplift and inspire those who lived this and educate those who didn’t. I cannot tell you what it means to partner with my friend and mentor Jay-Z on this project. Lucky Me was the name of the book before I...
Mar 17, 2021