The National Basketball Association (NBA) is the pre-eminent men’s professional basketball league in North America. It is the premium men’s professional basketball league in the world.
NBA has produced many successful players, while others squandered their earnings; some are having more success after retirement. They are millionaires and even a billionaire.
These are the richest and most successful retired NBA players as of 2015.
This retired American basketball player is also a successful entrepreneur and television host. He is a successful real estate entrepreneur. He is working on expanding his business ventures with real-estate development projects aimed at assisting Orlando homeowners facing foreclosure.
Shaquille O’Neal is on the advisory board of Tout Industries, a social video service startup firm based in San Francisco. He is the minority owner of the Sacramento Kings. More than 100 million pairs of low-priced Shaq/Dunkman lines of shoes have been sold worldwide. Shaquille now holds an MBA which he earned online through the University of Phoenix in 2005 and an Ed.D. in Human Resource Development from Barry University.
Junior Bridgeman retired in 1987 when he was 33. He bought five Milwaukee-area Wendy’s franchises. He worked on every facet of the business, from flipping burgers to mopping the floors. It was hard for an outsider to tell who the boss was.
Today this retired American professional basketball player is an immensely successful fast food entrepreneur. He is the president of the Bridgeman Foods LLC, which owns and operates more than 160 Wendy’s restaurant franchises all over the United States of America. In spite of earning not more than $350,000 a year in his playing days, his current net worth is $400 million.
Magic Johnson turned his career earnings of around $46 million to $500 million by revitalizing urban neighborhoods. His company Magic Johnson Enterprises has continually invested ownership in many lucrative businesses including the Los Angeles Lakers, movie theaters and restaurants in the US, including T.G.I. Friday’s, Sodexo, and Burger King locations.
Magic Johnson Enterprises has a net worth of $700 million. Magic Johnson productions, a promotional company; Magic Johnson Theaters, a nationwide chain of movie theaters; and Magic Johnson Entertainment, a movie studio are its subsidiaries.
Magic Johnson has created the Magic Card, a pre-paid MasterCard aimed at helping low-income people save money and participate in e-commerce. He created a contract food service with Sodexo USA called Sodexo-Magic in 2006.
After the retirement of Magic and Bird, this basketball legend almost single-handedly saved the NBA and made it global. He has successfully turned the Jordan name into a billion dollar business.
Michael Jordan’s sneakers are as popular today as they were during his playing days. This billionaire entrepreneur is still spending Gatorade money. His Airness stacked his bread and bought the Charlotte Bobcats (now Hornets).
He became a billionaire since increasing his stake in Charlotte Hornets to 89.5 percent from 80 percent. He first became an investor in the Hornets (then called Bobcats) in 2006. He became the controlling owner in 2010 when he bought out Robert Johnson for $175 million.
These successful NBA stars inspire many NBA players and entrepreneurs.