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Shannon Sharpe says he could have been a billionaire if he had moved forward with an investment in Google. During an episode of Sharpe’s “Club Shay Shay” podcast, which featured billionaire businessman Mark Cuban, the host reveals he lucked out of a six-figure investment in Google after receiving advice from his financial team. The opportunity to invest in what has become a major tech giant was while he was in the NFL signed to the Baltimore Ravens. He was under a four-year contract — although he remained with the team for only two seasons, during 2000 and 2001. The contract was valued at $13.8 million, which encompassed a 4.5 million signing bonus and $4.5 million guaranteed, according to Spotrac. “I remember when Google came out and they thought shares were gonna open up at about $85 a share. And I remember sending it to my financial guys, and I was like — ‘Oh, you know what?’ I had just signed with the Ravens, so I had some money. And I was like, ‘Man, I’d like to buy $300,000...
Robert F. Smith is the second-richest Black man in America. Smith follows behind David Steward, the founder of IT management company World Wide Technology, who boasts an $11.4 billion net worth to secure the top spot among Black individuals, Forbes notes. View this post on Instagram A post shared by AFROTECH (@afro.tech) Smith’s return to the list is a result of his role as founder, chairman, and partner at Vista Equity Partners, a firm that invests in enterprise software, data, and technology companies, per its website. With more than $100 billion in assets since its inception, its portfolio companies include Forcepoint, Comply, Datto, Brainware, and InfoBlox, among others. In 2024, Vista Equity Partners made additional billion-dollar moves. This includes joining Blackstone in the acquisition of Smartsheet — an enterprise platform for modern work management — for an all-cash transaction valued at $8.4 billion in September, as AFROTECH™ previously told you. “Modern enterprises rely...
Following PowerSchool Holdings Inc.’s multi-billion-dollar acquisition, Vista Equity Partners has retained its minority stake in the company. According to a press release, PowerSchool Holdings Inc., which operates as a cloud-based K-12 education software, was acquired by Bain Capital through a transaction that was valued at an estimated $5.6 billion, with the company paying $22.80 per share in cash. Bain Capital plans to build on PowerSchool’s successful track record, with its software impacting 60 million students and 18,000 customers across more than 90 countries. “PowerSchool is aligned, throughout its entire organization, to its mission to personalize education and improve learning outcomes,” David Humphrey, a partner at Bain Capital, said . “We’ve had the privilege of seeing the leadership team’s dedication to this mission through a world-class product innovation engine.” Bain Capital Partner Max de Groen added, “We are thrilled to support PowerSchool’s mission and growth as it...
If you’re familiar with Memphis rap, you know the classic song “Where Dem Dollas At” by Gangsta Boo. While the late rapper’s song is a staple for those who live in the southern city, it also serves as a calling call for anyone looking to level up financially. And one of Memphis’ most prominent figures, Ja Morant, is tapping in and making plans to get all the “dollas” he can. The Memphis Grizzlies point guard declared that he wants to be a billionaire by age 30.
Tyler Perry is known for bringing comedic relief to characters and situations that can be tough to navigate. This process is meant to make things that are hard to deal with more palatable. His character Madea is often the center of the comedy in Perry’s work. Ironically, one of Madea’s many funny but memorable moments is centered around death. In one of Perry’s productions, the outspoken grandmother was confronted with the end of a loved one and boldly stated a phrase that had people in stitches but also had them a little confused. “People dying that ain’t never died before.” And while that statement doesn’t make much sense in a structured way, the theory behind it alludes to the unpredictable nature of death. Although death is nothing new, the news of it still comes as a surprise. And when it happens back to back under unexpected circumstances like those of several leaders in the cryptocurrency industry, it makes you consider the validity of Madea’s statement. However, this is no...
In 2020, Kanye West was marked as the second billionaire in Hip-Hop. The rapper’s stake in Yeezy (adidas) brought him to $1.3 billion, as previously reported by AfroTech. Back then, Forbes was the outlet to confirm West’s billionaire status. Now, it has been one of the first to report on how his recent actions could jeopardize that same status.
Golf may not be the most electrifying sport to all, but the associated coin made by athletes like Tiger Woods can cause anyone to get excited about the game. Born in 1975 as Eldrick Woods, the prolific golfer was raised in Cypress, CA, with an interest in golf as early as six-months-old. Based on his bio on his website, Woods appeared on The Mike Douglas Show at two-years-old, putting with Bob Hope. He also shot 48 for nine holes at age three and was featured in Golf Digest by age five. By 16-years-old, Woods competed in tournaments and placed 34th place in the 1994 Johnnie Walker Asian Classic in Thailand. That same year, he entered Stanford University and won 10 collegiate events, including the NCAA championship title. Since turning pro in 1996, Woods has earned 82 PGA Tour wins, 12 international victories, and 199 top ten finishes. According to Golf Digest, since the beginning of his professional career, he had endorsement deals from Nike and Titleist worth $67 million....
Tiger Woods just swung and hit his most accurate proverbial hole-in-one. The veteran golf player has reportedly joined the ranks of the country’s top earners by becoming a billionaire. The 82-time PGA Tour winner continues to prove what resilience looks like. Despite some challenges in his recent past, Woods continues to dominate on and off the golf course.