The rate of bankruptcy has been high among NBA stars after they retire, and there are actually a number of reasons why this is the case. Many are used to spending their money doing nothing in retirement without a steady income. As a result, they immediately face bankruptcy. But if you take it seriously, you won't go broke. Let's talk today about who are the people who are doing well in this area.
First up is James' strong character, which has earned him a salary of over $400 million at age 36. In addition to his high salary, James has his own entrepreneurial empire that covers a wide range of areas and ranks first among sports stars in terms of annual income. Take the investment in Liverpool for example. In the last 10 years, they have earned almost 8 times more than Liverpool. This entrepreneurial spirit is really good. James retired as a businessman.
Secondly, Trevor Booker won't be broke when he retires. Although he wasn't famous in the NBA, he's living well in retirement. With 18 companies and 250 real estate companies now, it's a good business. In the future, he'll do nothing and live off the rent and he'll be the best owner in the NBA. Also Bridges won about 2 million dollars in the NBA. Winning so little to prove he has no power. While he's not the most powerful, he has great earning power. After his retirement, his income will grow rapidly like a snowball because he invested in the restaurant business. Now he has his own restaurant empire and many branches in the United States. (Thousands of dollars) This cost is estimated at $5,000. Once again, Magic Johnson is the number one man in the NBA. You can reach higher levels if you don't destroy yourself through undiscipline. Johnson was good enough to dabble in property management, movies, restaurants, attractions, and more. Either way, all that money is useless.
Lastly, and in my opinion the best, because it's at the top of the "paper printer" list, it makes $100 million a year even if it doesn't do anything. Jordan was strong and no one could beat him on the court. His ability to make money after he retires is also number one. He was the owner of the team. The word "Jordan" has a strong ability to attract money. Currently worth about 2.1 billion dollars. Total assets. It's a good idea. What's more, the money can't be used because of the failure.