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Keke Palmer became a millionaire by the age of 12. In 2004, the Chicago native landed her first film role in “Barbershop 2: Back in Business” . Her breakout role came in 2006 with “Akeelah and the Bee” and just a year later, she showcased her acting skills as Mary Thomas in Disney’s “Jump In!” alongside Corbin Bleu. By that time, Palmer’s parents had already hired a business manager—a strategic decision aimed at ensuring financial transparency. “They wanted me to know that they they weren’t the ones controlling my money. They had heard these stories and my mom said I don’t want money to come in between me and my child,” Palmer said on “Club Shay Shay.” Palmer also benefited from a Coogan account, which was designed to hold a percentage of child star’s earnings. She added, “That always was there regardless of anything else.” Palmer also spoke on the intricacies of reaching millionaire status by 12. “I became a millionaire at 12. To expect everybody to have become a millionaire at 12...
Russell Okung has no regrets about deciding to be paid in bitcoin. The two-time Pro Bowler previously played for the Carolina Panthers when he made history as the first NFL player to receive part of his salary in bitcoin, according to Sports Illustrated. In 2020, he decided to accept half of his $13 million salary in bitcoin, converting the $6.5 million at market rates and receiving 240 bitcoins. no more broke athletes. no more lost generational wealth. pay me in bitcoin pic.twitter.com/ZqTM0Y1fsC — OKUNG 🐆 (@RussellOkung) November 13, 2024 “I’m looking at Bitcoin. I’m talking to this young kid, young Silicon Valley type. We’re talking about me being paid in Bitcoin. I’m giving ’em the vision, but how will we do it,” Okung recalled in a video clip shared on X. “They’re not willing to adjust the collective bargaining agreement between the players and the owners. So what can I do to get the Carolina Panthers to play ball? Here’s the power of Bitcoin with U.S. dollars. You have to rely...
Whoopi Goldberg is launching a sports platform for women. During a taping of “The Tonight Show Starring Jimmy Fallon,” she announced the launch of All Women’s Sports Network (AWSN), which has already broken ground in Asia, the Middle East, and India with the help of partners CommonSpirit and Jungo TV. “It’ll be the home for live women’s sports from around the world. Everything from soccer, basketball, tennis, cricket, curling — you name it. If a woman is playing it, we’re showing it,” Goldberg said on the show. Goldberg’s motivation for the network was planted when she was a child. She recalls a time when her brother would play a variety of sports, but she was often left out due to her gender, mentions Yahoo Sports. Throughout her career, she recalls engaging in conversations about how to move the needle in women’s sports. “Ever since I was a little kid, I always wanted to play sports. My brother could play … he played everything,” she explained. “So, for years, I’ve been talking to...
Ray Davis, a running back for the Buffalo Bills , is known for his talent on the football field and his rising career in the NFL. Throughout his first season, the 26-year-old has been a consistent standout, quickly winning over Bills fans with his stamina and drive. After being drafted by the team, Davis signed a rookie contract that provided him with both a $795K base salary for the year and a hefty $713K signing bonus. NFL rookie contracts, especially for players taken in the mid to later rounds, tend to offer initial earnings in the low to mid millions over the course of several years, and the 25-year-old is no exception. With performance incentives and future contract renegotiations, Davis has the potential to increase his earnings significantly as his career progresses. Running backs who prove themselves on the field often see lucrative second contracts, which can push their net worth into higher figures. All About Buffalo Bills Rookie Ray Davis (Timothy T Ludwig/Getty Images)...
A handful of Michael Jordan memorabilia has sold for millions. According to the Chicago Sun-Times, a jersey worn by the former Chicago Bulls star during a 45-point game in the 1996-1997 season sold for $4.7 million at auction. This met expectations, as the auction house Sotheby’s had projected it would sell for between $4 million and $6 million. “One of the finest Michael Jordan jerseys ever to come to auction, MJ wore this road-red jersey for 5 months and 17 games during the Chicago Bulls legendary 1996-1997 championship season,” Sotheby’s commented on Instagram. View this post on Instagram A post shared by Sotheby's (@sothebys) Brahm Wachter, Sotheby’s head of modern collectibles, commented to the Chicago Sun-Times: “This jersey symbolizes not just Michael Jordan at the height of his celebrity and prowess, but also a pivotal moment in basketball history. Today’s results highlight the enduring strength of the game-worn market, especially those pieces associated with Michael...
Chiney Ogwumike has been a trailblazer in both sports and media. Ten years after being drafted as the No. 1 pick in the WNBA by the Connecticut Sun, Ogwumike has had numerous opportunities to reflect on her illustrious career, which began at Stanford University. According to her Stanford profile, she held the title of all-time leading scorer by the end of her time there. Her collegiate achievements include: Pac-10 All-Freshman Team (2011) Pac-10 Freshman of the Year (2011) Pac-12 Tournament MVP (2013) 3x Pac-12 Defensive Player of the Year In October 2024, Ogwumike was inducted into Stanford Athletics’ Hall of Fame. View this post on Instagram A post shared by Chiney (@chiney) Embracing It All Although talented in sports, Ogwumike initially dreamed of a career in politics and even considered becoming a lawyer. “I always loved politics. As a kid, my family would always catch me watching the news, not like cartoons. I was a super nerd,” she told AFROTECH™ in an interview. In college,...
Jaylen Brown has designed courses that champion STEM education to empower students. As the founder of the 7uice Foundation, he aims to create better educational outcomes for underserved youth of color, with support from institutions, organizations, and social change leaders, its website mentions. Its four pillars include: Entrepreneurship and financial literacy Health and wellness Leadership and activism Sustainability and technology The foundation also offers a Bridge Program in partnership with MIT’s Media Lab with a four-day camp held during the summer for students in eighth through 12th grade. Brown designed a science, technology, engineering, arts, and mathematics (STEAM) curriculum for the program, which includes space exploration, synthetic biology, and artificial intelligence, as he revealed during a conversation on “The Stephen A. Smith Show.” “I designed a curriculum over at MIT pretty much every summer… I take kids from Dorchester, from Roxbury, from underrepresented...
Several Boston-based businesses will be uplifted through Jaylen Brown’s $5 billion commitment to generate new wealth for underrepresented communities. As AFROTECH™ previously reported, the Boston Celtics star launched nonprofit Boston XChange (BXC) in August 2024. This followed his signing of a five-year NBA supermax contract extension with the team in July 2023 worth $304 million. View this post on Instagram A post shared by Boston XChange (@bosxchange) BXC exists to support underinvested entrepreneurs and creators through professional coaching, access to capital, tools, and workplaces. “It was hard for businesses of color to get started in the city,” Brown told AFROTECH™ in a previous interview. “All of these different things are all types of hegemony that you just notice that goes on in the city. So, in response to that, I launched an initiative there, trying to help balance and even that out, to give opportunities and resources to our community, allowing me to be in these places...
Allyson Felix has created what she wished existed, centering women in a major way with her new sports management firm. The retired Olympic legend and sprinter has launched Always Alpha, the first management firm dedicated exclusively to women’s sports , supported by Dolphin. Founded by Felix, her longtime business partner and brother, Wes Felix, and sports executive Cosette Chaput, the firm “aims to empower modern women who are breaking barriers, owning their voices, and creating a better future on and off the field of play,” Dolphin shared in a press release. “Young athletes often ask me how I’ve diversified and consistently grown my business across marketing, media, entrepreneurship, venture, entertainment and impact,” Felix said in a statement. “Wes and I did it ourselves piece by piece, out of necessity — because there wasn’t another option for transforming our vision into reality.” She added, “With Always Alpha, we’re taking everything we learned and creating the modern...
JuJu Watkins is making major moves on and off the court. On Tuesday, 8, 2024, ESPN reported that the University of Southern California star — who recently entered her second season with the team — signed a multiyear contract extension with Nike , securing “one of the richest shoe endorsement deals in women’s basketball.” Watkins joined the Nike family as a high school senior in October 2022. At just 19, she has consistently exceeded expectations during her time with the Trojans, leading the team to the Elite Eight for the first time since 1994 in her first year, according to CBS Sports. She boasted averages of 27.1 points, 7.3 rebounds, 3.3 assists, and 2.3 steals per game, ranking second nationally in scoring, per the outlet. With 920 points, she made history as the all-time leading scorer among freshmen in Division I women’s basketball, surpassing San Diego State University’s Tina Hutchinson who had the previous record of 898 during the 1983-84 season. As Blavity reported, Watkins...
Coco Gauff has scored a new victory. The tennis star reigned supreme in her match at the China Open held in Beijing on Oct.6, 2024, against the Czech Republic’s Karolina Muchova, which led to a 6-1 6-3 victory. In the process, she has become the first American since Serena Williams to become a champion in the China Open, CNN reported. Furthermore, this brings her Women’s Tennis Association tour finals record to 8-1, per Blavity. “I‘m happy with the fight I showed during the past two weeks here in Beijing and very grateful to walk away with the @chinaopen title❤️. Thank you for all of the love and support! #Histimingisperfect #title,” Gauff, 20, wrote on Instagram. View this post on Instagram A post shared by Coco Gauff (@cocogauff) According to AS USA, Gauff also walks away with $1.1 million in prize earnings as a result of the match. She now adds to her $27.1 million net worth, which was last updated by Forbes on Aug. 23, 2024. At the time, this consisted of salary and winnings...
Former NFL player Terrell Davis had to get rid of an accountant for being unethical. During an interview with AFROTECH™, the two-time Super Bowl champion reflects on early financial decisions he made during his foray into the league. He had been drafted by the Denver Broncos in 1995 and entered into a three-year deal, worth $484,000, which included a $38,000 signing bonus, per Spotrac. “When I first got into the league, there was no financial education. It was just trying to figure things out the best way you could and that was it,” he mentioned. “There was no one who came up to me and told me, ‘Here’s the plan. Let’s do X, let’s do Y, let’s do Z.’ There was none of that. So I had to look around and just watch people and see what they were doing.” Among Davis’ lessons included the importance of hiring the right team to help him navigate the business of being an athlete. Early on, he worked with an advisor, who he was referred to by another individual. It became clear the advisor...
When Malcolm Jenkins secured stake in England’s Burnley FC, he made history in the process. Sports Illustrated reported the three-time Pro Bowl safety became an investor — through Malcolm INC and Disrupt Sports Partners — in the Burnley, Lancashire-based professional team within the English Premier League (EPL) back in 2021. He joined the new ownership group, ALK Capital. Jenkins, playing for the New Orleans Saints at the time, saw the opportunity as a perfect alignment to values that have been central to his business portfolio, noted a press release. He pointed to the club’s “tenacity, work ethic, good sportsmanship and efficient operational infrastructure.” His decision was finalized following a visit to the team’s Turf Moor stadium in England before watching the team, nicknamed “The Clarets,” play against Manchester City. “I think the club’s doing a great job with some of the updates around the stadium and to see the vision of where they want to go in creating a venue that’s not...
Two-time Super Bowl champion Terrell Davis is taking the lessons of his past and educating the next generation of athletes. The San Diego, CA-native was once a student-athlete, playing for Long Beach State University in California before transferring to the University of Georgia after Long Beach’s football program was shut down. In 1995, Davis’ talents would bring him to the bright lights of the NFL field, with him being drafted by the Denver Broncos. The team signed him under a three-year contract valued at $484,000, which included a $38,000 signing bonus, mentioned Spotrac. Early Financial Mishaps He recalled having no prior financial education when he entered the league, but he had a realization about money management through veteran teammate Simon Raynard Fletcher who one day was driving him to a nearby hotel following training camp. “I noticed on the passenger side of his car when I got in, it was a bunch of envelopes and there was a bunch of checks,” Davis told AFROTECH™. “I...
During Donovan Mitchell’s off season he is educating himself on the wine sector. The starting guard for the Cleveland Cavaliers is said to be the first-ever NBA star wine apprentice, according to information shared with AFROTECH™. Mitchell dove into the various aspects of winemaking with the help of The Prisoner, a Napa Valley-based wine brand that has worked closely with the NBA since 2020. The company also works with 100 growers in the northern region to produce various blends, according to their website. Mitchell’s introduction to the winery dates back to two years ago, while attending an event in the midst of the summer league in Las Vegas. “Ever since then it’s been a non-stop in my house,” he explained in a YouTube video. Now, as a student in the field and through the assistance of The Prisoner’s head winemakers, Chrissy Wittmann and Todd Ricard, he became more familiar with the systems in place to blend wines while in the barrel room and has gained an understanding of the...