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

Venturing into Entrepreneurship

Secretary of Commerce Penny Pritzker speaks to a group at the Global Entrepreneurship Summit, held on June 22-24, 2016 at Stanford University in Palo Alto, California. [GES Photo/Public Domain. Photo Credit: Wikimedia Commons @GES 2016

Many athletes have also ventured into entrepreneurship, launching their own businesses. Venus Williams, for instance, has her own interior design firm and clothing line. These ventures allow athletes to capitalize on their fame, while also providing an income source after their sports career ends.

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