Getting to the bag is one thing, but having multiple bags to tap into takes it to another level. NBA player Thaddeus Young is a modern example of that elevation.
Young is from Memphis, TN, and quickly rose as a breakout star in basketball in the city. After playing with Georgia Tech University, he would be drafted by the Philadelphia 76ers.
Since entering the league in 2007, Young has spent most of his career with the 76ers, and played with other teams, including the Minnesota Timberwolves and the Brooklyn Nets.
Young is currently playing for the Toronto Raptors.
Now at this point in his career, the 34-year-old is impacting the court and using his wisdom to help guide younger players. A report from The Athletic describes Young as a main staple for the team.
“Big time vet. Been in the league a long time, and we’re just trying to learn from him as much as we can,” Toronto Raptors player Precious Achiuwa said.
And just like his locker room wisdom, Young also pays it forward in the community. Action News 5 Memphis reported that Young returned to his Memphis school, Mitchell High School, to host the Young for Youth Foundation basketball camp he helped create.
“This community has done a lot for me, and I’ve done a lot for it, but it’s a partnership,” Young said. “We work together on a lot of different collaborative communities, and it’s been really good. I’m nothing but thankful and grateful for the support I’ve had, and hopefully, I continue to get that support, but it’s been a great partnership in this community.”
Young’s communal impact and his performance on the hardwood speak to his overall savviness.
To date, Thaddeus Young has earned $143 million for his on-court play. However, his massive investment strategy makes him stand out even more when he’s off the court.
Thaddeus Young has invested in 300+ other companies including:
• Dapper Labs
He’s also an owner of the Brisbane Bullets, an Australian basketball team. pic.twitter.com/EQBSwJy1oW
— Andrew Petcash (@AndrewPetcash) June 10, 2023
On “The Petcash Pod,” Young broke down his business moves with host Andrew Petcash, noting that he has invested in over 300 companies through his Reform Ventures.
Young’s investments include Pinterest, Space X, Turo, Dapper Labs, Tonal, and more. He is also a part of the ownership group for the Australian basketball team, the Brisbane Bullets.
While his massive portfolio may suggest he’s just throwing money all over the place, Young asserts it is quite the opposite.
“I never do anything just like off the whim,” Young explained on the podcast. “I always go and look at, okay, if I want to get into venture capital – how does it work? My biggest thing was always trying to figure out how to mitigate my risk over time but how to still be able to make some good returns on top of the money.”
With such a significant number of portfolio investments, Young could be on his way to being one of the most dominant investment minds in and around the league.
“I don’t want the whole pie. I just want a piece of it,” Young told Petcash. “Because a lot of people are greedy, and they want the whole pie. They just want to take the whole thing. But if I only take a piece of it and I leave pieces for others, they’re gonna help me, and then eventually those little pieces are going to turn into a whole pie.”