How Celebrities Manage Their Money
Advertisement
LeBron James: Multi-asset Investment
As a successful investor, LeBron does not rely on his salary or commercial activities incomes like most other NBA players. He tries to invest in different fields such as marketing, sports supplies, software, earphones and bicycles, and earns a lot from it. He will never miss any to invest.
In 2006, LeBron has founded his own marketing company LRMR, whose name derives from the first capitals of four persons: LeBron and his three childhood friends. LeBron had invested in Beats and became its shareholder. And after Apple purchased Beats for $3 billion, he earned $30 million from the investment, which surpassed his annual income as a player.
Advertisement
LeBron cares not only about those “fast money”, but also about “potential opportunities”. In 2011, he made a deal with Fenway Sports Group, and become a shareholder of Liverpool FC. Reportedly, that investment in Liverpool FC increased by 25% in three years, brough LeBron a new opportunity to broaden his business landscapes in Asia, since Liverpool owns a large number fans in Asia.
LeBron James believes that he should not trap himself in his own field. He should invest in multiple fields for long-term incomes.
Danica Sue Patrick: Hiring Personal Financial Advisor
Danica Sue Patrick is very famous in America’s car-racing world. She’s so talented in car-racing that even some of the male racers can not compete with her. She won the bronze Atlantic Championship when she was 19, and became the first female racer champion of IndyCar Series in American history. According to Forbes, Patrick’s total income in 2015 reached $15 million, ranking at No.5 of the world’s highest-paid female athletes.
The female racer admitted that she didn’t have time and specific knowledge to manage her income. Therefore, she hired two personal financial advisors to monitor her inflows and outflows of money, and to assist her on her investment. As Patrick said, “My financial advisors manage all my money, expect for my daily payments.”
Advertisement
- Previous article
- We Have Found the Rosetta Stone of DNA Expression
- Next article
- The New Album of Celine Dion
Advertisement
OTHER NEWS
The never seen before Spirula squid, in its natural habitat
BY Susan
Sleeping Tips from Pro Athletes
BY Eric
Pi star: A planet with a 3.14 Day Orbit
BY Anne
Is coffee good or bad for your health
BY Carol
Why do humans project their personalities, prejudices, and desires onto God?
BY Bonnie
Nokia to build moon
BY Antonio
RECENT NEWS
-
PUBG Mobile Esports Generated 200 Million Hours of Viewing in 2020
-
Mario Kart Tour Races to $200M revenue and 200M Downloads
-
Game Acquisitions Expand Globally in Q1 2021 with 280 Deals Worth $39 Billion Surpassing That in 2020
-
Free Fire Shows Strong Momentum, with Its Revenue Overtaking PUBG Mobile in a Single Market for Q1 2021
-
The Games Fund Launched a $50 Million Early Investment Fund to Invest in American and European Companies
-
How to Download and Install Wyze App for Free?