Retirement in the NBA is way earlier than the norm, which is why these 9 NBA players turned successful entrepreneurs wasted no time making a career outside of basketball as soon as they made their farewell shot. Most NBA players retire in their 40s or a few years before that. That’s pretty young for any retiree if you’ll be looking at it from a business perspective.
These athletes knew that chasing rings isn’t enough. There’s life after basketball and simply conducting summer clinics or attending ribbon cutting ceremonies post-retirement won’t cut it. No matter how big of a star a player you are, mismanagement of finances can happen to anyone even to the best athletes in the league.
Just like the 9 NFL players turned successful entrepreneurs, these NBA stars have also shown business acumen outside of their sports careers. Some took big risks starting their own companies and investing in startups. Others opted for ventures with lower risks like franchising and becoming business partners. Regardless, these athletes carved their own paths to entrepreneurship.
We curated this list from CNBC, Business 2 Community, Complex, and The Hustle. The players are ranked according to their estimated net worth. Are you ready to find out who these business-savvy NBA players are? Read on!