Showing 67 results for:
nba-player
Popular topics
All results
The right circle can change your circumstances in the blink of an eye! Calling all early-stage, pre-seed, and seed founders — join the AFROTECH™ Insider Founders Circle to build for the future alongside a network that could lead to your next investor or co-founder. This membership aligns with our mission to empower Black entrepreneurs with the tools to succeed and drive innovation across industries, including fintech, medtech, and consumer tech. “At AFROTECH™, we strive to help make a difference and change the narrative regarding raising capital, starting and scaling a startup, and networking with the right people to help grow your business,” Blavity Chief Revenue Officer Michael Hadgis said on LinkedIn. “We created the AFROTECH™ Insider Founders Circle to help founders navigate the path and their business pitch become investor-ready!” Perks The sky’s the limit! Your direct participation in the AFROTECH™ Insider Founders Circle gives you access to exclusive perks, including office...
Beyoncé Knowles-Carter has done it again. Cécred The iconic entertainer, who earned her first Grammy in the prestigious album of the year category for “Cowboy Carter” in 2025, shows no signs of slowing down. Her influence stretches far beyond music and into the business world, where she has made a significant mark in the haircare industry. As AFROTECH™ previously reported, the Houston, TX, native launched the science-backed and self-funded haircare brand Cécred, drawing inspiration from her early years spent at her mother Tina Knowles’ salon. This venture highlights her entrepreneurial spirit and deep connection to the beauty industry. “Hair has always been a very big part of our lives,” Tina, who served as Cécred’s vice chairwoman, told Essence. “Just as fashion saved our family, hair is how we made a living.” The inception of Cécred was six years in the making. Its hair repair technology has led to its first line of products, which includes Clarifying Shampoo and Scalp Scrub...
LaMelo Ball , the Charlotte Hornets’ star point guard, has quickly risen as one of the NBA’s brightest young talents. Known for his flashy style of play and basketball IQ, LaMelo has garnered attention not only for his on-court success but also for his business ventures and endorsements. In this article, we’ll explore LaMelo Ball’s net worth in 2024, the factors that have contributed to his wealth, and his standing as one of the most marketable young athletes in the NBA. Key Sources Of LaMelo Ball’s Wealth LaMelo Ball’s net worth is driven by several key factors: NBA Salary: Ball signed a rookie-scale contract after being drafted third overall by the Charlotte Hornets in 2020. His initial contract, worth about $35 million over four years, provided him with a solid financial foundation. In 2024, LaMelo is playing under a max contract extension that significantly boosts his earnings. The deal, likely exceeding $200 million over multiple years, cements LaMelo as a franchise cornerstone...
Aaron Gordon is a professional basketball player who has made a name for himself in the NBA as a talented forward. Known for his incredible athleticism, high-flying dunks, and versatility on the court, Gordon was initially drafted by the Orlando Magic in 2014 and currently plays for the Denver Nuggets. His impressive performances in the NBA Slam Dunk Contests and his consistent contribution to his teams have made him a fan favorite and a well-compensated athlete. Aaron Gordon’s Net Worth In 2024 As of 2024, Gordon’s net worth is estimated to be around 30 million dollars. His earnings are largely derived from his NBA contracts , endorsements, and other business ventures. Let’s take a closer look at the various sources contributing to his wealth. Sources Of Income 1. NBA Contracts Gordon’s primary source of wealth is his career in the NBA. After being drafted by the Orlando Magic as the fourth overall pick in 2014, Gordon steadily improved his game, leading to lucrative contracts. In...
Anthony Edwards has been making headlines recently for his prolific performance on and off the court . Since joining the NBA in 2020, the young legend has already managed to stack up a list of accolades a mile long and has even landed a front-and-center placement as the subject of a season-long documentary with Netflix’s Starting 5 . The latter has seen Edwards popping up in the news a lot lately, due to his braggadocios nature and tendency to roast Jayson Tatum every chance he gets. Since Edwards has become such a major media figure in recent years, it only makes sense that we take a look at his net worth and various streams of income . According to Celebrity Net Worth , Anthony Edwards is currently packing an impressive nest egg of over $40 million, exemplifying his meteoric rise to super-stardom. So, let’s take a moment to study Edwards’ rise to popularity, college and NBA records, and other various streams of income to see what we can learn about his fast accumulation of...
Team ownership is not completely off the table for billionaire Mark Cuban. Cuban was former majority owner of the NBA’s Dallas Mavericks since 2000, purchasing stake in the team for $285 million, mentioned Fortune. At the time, he felt he was at an advantage due to his knowledge in technology and media. However, in recent years he recognized a shift towards real estate as necessary to be successful in team ownership. As a result, he chose instead to sell most of his stake to the Miriam Adelson family, controlling shareholder of Las Vegas Sands Corp., in December 2023 in a deal valued at $3.5 billion. He now maintains a 27% stake in the Dallas Mavericks and is in control of its basketball operations as well as serves as the alternate governor, according to the NBA. “When I first bought [the Mavericks] in 2000 I was the tech guy in the NBA. I was the media guy. I had every edge and every angle,” he explained on the “All-In Podcast.” “Now fast-forward 24 years later. In order to...
Jackson State University in Jackson, MS, will be able to support its students pursuing careers in cybersecurity. According to a news release, the Historically Black College and University (HBCU) has received a $2 million grant from the Entergy Charitable Foundation. To be allocated over several payments, the grant supports the establishment of the Critical Power Grid Network Security Lab, which will provide the launching pad for cybersecurity careers. “I am honored to receive this generous grant on behalf of Jackson State University . This gift will have a lasting impact on the lives of our students and the future of the energy sector,” JSU President Marcus Thompson, Ph.D., said in the news release. “Looking ahead, this lab will not only benefit Jackson State University and our students, but it will also play a critical role in shaping the broader energy landscape.” Haley Fisackerly , Entergy Mississippi president and CEO, commented: “The robust growth in our company and the state...
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...
Michael Jordan is moving forward with a lawsuit demanding better outcomes from NASCAR. As AFROTECH™ previously reported, Jordan became an owner of a NASCAR team, 23XI Racing, in September 2020 . According to NBC Sports, Jordan’s team — also owned by driver Denny Hamlin — operates under NASCAR’s charter system, which demands its 36 charter teams compete in all events. For their participation they are granted incentives such as payments, but this is contingent upon the team’s presence, performance in that event as well as over the course of the most recent three seasons, and the season-ending points fund. Despite the listed incentives, teams are not fairing well under the current structure, per AP News. In fact one team, Furniture Row Motorsports, was led to sell its charter for $6 million just a year after becoming the Cup Series winner in 2017 because it could not make a profit. Despite concerns, 13 organizations moved forward to sign NASCAR’s 100-page renewal contract on the...
Kevin Johnson’s food venture is rapidly growing. As AFROTECH™ previously told you, the former NBA player who made headlines for becoming the first Black mayor of Sacramento, CA, is the founder of a restaurant venture named Fixins Soul Kitchen. He opened the first location in that very city, which is also his hometown, in 2019, notes Eater Detroit. “I grew up in Oak Park, so that was the poor part of the city of Sacramento, and like every city around the country, it was the underserved community,” Johnson told Eater. “I wanted to do our first Fixins in that neighborhood to prove that we could be successful in the neighborhood I grew up in.” Fixins Soul Kitchen has expanded and now has four locations in the following areas: Sacramento, CA (Oak Park) Los Angeles, CA (LA Live) Tulsa, OK (Black Wall Street) Detroit, MI (Paradise Valley) View this post on Instagram A post shared by Fixins Soul Kitchen (@fixinssoulkitchen) The restaurant’s menu items were inspired by various soul food...
If you’ve been keeping up with the news in basketball lately, you’re likely familiar with WNBA player Angel Reese. The star Chicago Sky player recently made headlines for being the first ever woman in professional basketball to record a double-double in ten consecutive games during a single season. Despite her excellent performance on the court, Reese has been the subject of much ire. The backlash stems from Reese’s brave ability to speak out against the massive wage gap between WNBA players and their male counterparts. According to Distractify , Angel Reese currently has a net worth of just under $2 million. While this is certainly an impressive figure, particularly for a woman of only 22 years of age, it pales in comparison to the finances of most male NBA players . During a recent post-game interview, Reese spoke on her success in her chosen field. Per Sports Illustrated , she explained, “I’m a dog. You can’t teach that. I’m gonna go out and do whatever it takes to win every...
The Jordan Brand has attracted some of the world’s greats to its brand. However, that should come as no surprise when considering who is at the helm, NBA legend Michael Jordan. It all began when his mother, Deloris, stepped in to ensure he took a chance on signing with Nike. “My mother said, ‘You’re gonna go listen. You may not like it, but you’re gonna go listen,” Jordan said in ESPN’s “The Last Dance” documentary, according to NBC Sports. “She made me get on that plane and go listen.” Jordan was originally looking to sign with Adidas, but he would make his commitment to Nike known when he signed to the brand in 1984 under a five-year, $2.5 million deal, Sports Illustrated reports. Immediately, Jordan’s presence and the staple Air Jordan exceeded expectations with sales reaching $126 million within one year. By 1997, the Jordan Brand began operating independently and also added apparel and accessories. T oday its annual revenue exceeds $6.6 billion, per Sportico. What’s more the...
Jerami Grant is now a team owner! The Portland Trail Blazers forward joined the D.C. United ownership group as an investor, a press release mentions. The move marks a full circle moment, given his upbringing in the DMV region in Maryland. Now, he will have a chance to not only sport a new hat but also discover new ways to reinvest in the region, he reveals. “I am honored to be joining the D.C. United ownership group. Having grown up in the DMV, Washington, D.C. holds a special place in my heart, and I am proud to invest in the community that has played a significant role in shaping who I am today,” Grant said in the news release. “D.C. United’s ownership group has shown impressive growth over the years, extending their influence beyond sports into the realms of music and arts, which is something I deeply respect. The club’s commitment to social responsibility is admirable, and I am eager to contribute in a meaningful way by giving back to the community. I strongly believe in the...
Keith Lee is back with another food review, but this one is special because it hits home. According to Dexerto, the beloved TikTok food reviewer left fans stunned after sharing a video of him testing out his brother’s new restaurant, Braised by Kevin Lee, located in Florida. “Me and my family are in Hollywood, Florida and the food in this bag is from my brother’s restaurant,” Keith said in the May 27 video. “When I say my brother, I mean the same mom and dad. But I didn’t order it and he doesn’t know we’re here.” @keith_lee125 Braised By Kevin Lee taste test 💕 would you try it ? 💕 #foodcritic @Kevin Lee ♬ original sound – Keith Lee What’s more, before their foray into the food business, both of the Lee brothers were heavy in the competitive martial arts world. Keith spent a good amount of his life as a Bellator MMA fighter, and Kevin gained a lot of attention in the UFC before retiring in July 2023. “We all lived in [Las Vegas, NV] but he moved to Miami and opened his own pop-up,”...