Black Sports Superstars become billionaires
November 14, 2023
Black Sports Superstars become billionaires

According to the prestigious magazine Forbes which deals with financial matters, there are now only four sporting superstars in the world and all of them are Black, and American.

The latest edition of the magazine has named former NBA basketball superstar, Ervine “Magic” Johnson as the latest to join the all-black, all male, club.

His worth is valued at US$1.3 billion, behind another NBA star LeBron James, the only one of the four still active, and valued at US$1.5 billion. Golfer Tiger Woods at US$1.7 billion is ranked second with the top spot still held by Michael Jordan (US$1.85 billion) considered to be the greatest basketball player of all time.

While all four began with lucrative sporting contracts, their total earnings were significantly boosted by a combination of valuable investments and prudent financial management. All have investments in major global businesses, including leading sports clubs, but also in real estate, and media businesses.

Gone are the days when parents used to frown on their children for paying attention to sports and “neglecting their books”. It has been proven that both careers are quite compatible and that sport can not only be a road out of poverty, but also a ladder to the top of the financial world. It is only a matter of time that these giants will be joined by female counterparts who still have to fight sexual discrimination.