Playing a popular sport and reaching on the top of it not only makes an athlete a known figure but a brand in itself. Players churn out millions by playing the sport and through endorsements deals and nowadays these athletes are venturing into smart investments to ensure that money keeps on coming even after retiring from the sport.
Here are a few of the star athletes who are investing their millions in startups.
Durant has been an integral part of Warriors’ side ever since making a switch from Oklahoma Thunders. As he continues to score points on the court, the 6feet 9inch star is also building up an empire of his own outside the court.
The NBA star now has the most wide-ranging investment portfolios after making investments in tech company like Acorns, cloud-computing startup Rubrik, drink company WTRMLN WTR, fast-casual pizza chain Pieology, bike-sharing company LimeBike and delivery company Postmates.
The two-time MVP has also joined the bandwagon of investing in start-ups. The point guard has bought an equity stake in CoachUp, a start-up that connects private coaches with athletes. Not only has he made an investment he also ventured into opening his own business when he co-founded a tech start-up, Slyce with his old college teammate Bryant Barr who has been listed as the co-founder according to LinkedIn.
The former Arsenal and AC Milan midfielder founded bioscience firm GF Biochemicals with Pasquale Granata in 2008. The company is the first company to mass-produce levulinic acid, a sustainable oil substitute that can be used in plastics, solvents, fuels and the pharmaceutical industry.
In 2014, levulinic acid was named as one of the 12 biochemicals most likely to produce value in the future by the US Department of Energy. After launch, the business is now said to be worth £20bn.
The current Arsenal midfielder has also entered the business market alongside former Gunners midfielder, Flamini. He recently launched video of their new business venture. The former German international released a promotional video on his official Instagram page to announce the launch of Unity – an eco-friendly cosmetics company.
The company will be creating products inside the bottle which aren’t harmful to the environment, and the packaging itself is also made with a renewable and recyclable bioplastic.
The 23-time Grand Slam tennis champion last year invested in a company called Daily Harvest, a food start-up that delivers healthy, frozen meals to your home.
Along with her sister Venus, she bought a stake in the Miami Dolphins back in 2009. Williams also personally invested in the UFC sports league and joined the board of online survey company SurveyMonkey.