Mastering the Game: Seven Ways Michael Jordan and Other Athletes Built Billion-Dollar Empires

Diversifying Investments

Governor Tom Wolf joined state and local leaders to highlight a $2.5 million Redevelopment Assistance Capital Program (RACP) grant awarded to the William Way LGBT Community Center for phase two of its major renovation project. The funds, awarded last fall. Photo Credit: Wikimedia Commons @governortomwolf

Another strategy employed by these athletes is diversifying their investments. For instance, Magic Johnson, a retired professional basketball player, has made significant investments in various sectors, including real estate, entertainment, and food services. By spreading their investments across multiple industries, these athletes ensure a steady income stream, even when one sector experiences a downturn.

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