Billionaire Magic Johnson's Las Vegas NBA bid faces new rival targeting $13 billion war chest
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.
NBA
Chris Paul turned a $400 million NBA career into a $160 million investment empire
Chris Paul never won an NBA title, but the point guard built one of the deepest business and investment portfolios in American sports.
Nigerian-born Hakeem Olajuwon built a $300 million fortune without ever borrowing a dollar
Hakeem Olajuwon left Lagos as a teenage goalkeeper, became the NBA's best center, then built a $300 million fortune refusing to borrow a cent.
Hakeem Olajuwon built a $300 million real estate empire without borrowing a single dollar
Hakeem Olajuwon built a $300 million real estate empire across Houston and beyond, financing every deal with cash and zero debt, guided entirely by his Islamic faith.
David Robinson earned $116 million in the NBA and built a $200 million fortune
David Robinson delayed his NBA career to serve in the Navy, then turned a Hall of Fame run into a $3 billion real estate firm.
Shaquille O'Neal earned $292 million in the NBA and built a $500 million empire
Shaquille O'Neal earned a fortune dunking basketballs, then earned a bigger one investing in the everyday brands ordinary people actually use.
The evolution of Chauncey Billups
From NBA star to business and coaching, Billups demonstrates leadership across basketball, beauty industry, and fast-food franchises.
Kobe Bryant’s path to a billion-dollar fortune cut short by tragic passing
At the time of his untimely passing, Bryant’s net worth was estimated at $600 million.
LeBron James opens ‘Home Court’ museum in Akron
James debuts his “Home Court” museum in Akron, displaying a journey from local hero to NBA superstar.
7 companies owned by Michael Jordan
This year alone, Jordan’s fortune has grown by $1.8 billion, solidifying his status as one of the world’s richest Black billionaires.
Michael Jordan’s sneakers fetch $2.2 million, becoming world’s most expensive ever sold
Jordan’s journey from a basketball icon to a billionaire continues to captivate the world, underscoring his mark on sports history and the business world.
NBA star Giannis Antetokounmpo invests in Tiger Woods-backed Golf League
In June, Antetokounmpo launched his investment holding company, Ante, Inc., as a hub for various business endeavors.
Michael Jordan is reportedly selling his Hornets stake for $3-billion
In 2010, Jordan who is today worth $2-billion, paid $275-million for a majority ownership in the Hornets.
NBA, Nigerian energy mogul Tunde Folawiyo gear up to launch $1-billion NBA Africa
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.