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In 3 Years Since Joining The Utah Jazz Ownership Group, Dwyane Wade Has Watched Its Valuation Go From $1.75B To $3.46B

Never underestimate the power of a good hobby! Following his retirement from the NBA, Dwyane Wade, like many greats who have since left the league, picked up a new golfing habit, which ultimately led him to become a minority owner in the NBA team Utah Jazz. According to Boardroom, the move made in 2021 by Wade continues to get better with time. When he initially joined the ownership group, the former Miami Heat star saw the team at a valuation of $1.75 billion. Today that number has increased to $3.46 billion, per an April 16 Instagram post by Boardroom. “If people are doubting how far you can go, go so far that you can’t hear them anymore,” said Wade on social media at the time of the deal. “Second act activated.”   View this post on Instagram   A post shared by Boardroom (@boardroom) The Sporting News reports that the deal was made possible thanks to a friendship between the majority owner, Ryan Smith, and Wade that began on the golf course. Smith, a billionaire whose fortune was...

Shanique Yates

Apr 18, 2024

Black Tech Nation Ventures Reaches Final Close Of Its $50M Fund For Black- And Diverse-Led Startups

Black Tech Nation Ventures (BTN.vc) has officially crossed off a major goal that it set out to achieve.

Ngozi Nwanji

Feb 28, 2024

This Nigerian Founder Has Raised $1M In Pre-Seed Funding For His Edtech Startup That He Began Building At Age 18

Persevering after a tragic event led this Nigerian founder to build a company from the ground up that fills a gap in the edtech market.

Ngozi Nwanji

Feb 9, 2024

Meet Olamide Olowe, The Founder And CEO Who Raised Over $14M In Funding Before Age 26 For Her Viral Topicals Brand

If you’re active on social media, you’ve more than likely come across one of Topicals’ products. For one of its latest popular social marketing campaigns, the skincare company partnered with Black influencers for a brand trip to Ghana for “Detty December,” a time when people travel to Nigeria and/or Ghana to celebrate the holiday season. @topicals 10s across the board. #topicalsgonetoghana #freetheyouth ♬ original sound – ROMAN ZOLANSKI

Ngozi Nwanji

Jan 23, 2024