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As football season kicks off, it’s fascinating to explore the world of family offices established by some of the wealthiest athletes who made their first fortunes on the field. These athletes, having accumulated substantial wealth during their careers, have transitioned into the business world, leveraging their earnings to build significant investment empires through their family offices.
1. Michael Jordan
- Net Worth: Over $2 billion
- Family Office: Jordan established his wealth through an illustrious NBA career, most notably with the Chicago Bulls. Today, he owns the Charlotte Hornets, a franchise that has significantly appreciated in value. Jordan’s family office is focused on investments in real estate, sports, and consumer products, expanding his brand far beyond basketball.
2. LeBron James
- Net Worth: Estimated at over $1 billion
- Family Office: LeBron has strategically built his wealth through a combination of high earnings from his NBA career, endorsements, and savvy business investments. He co-founded SpringHill Company, a media conglomerate that has attracted significant investment. His family office manages a diverse portfolio, including real estate, entertainment, and tech investments.
3. Cristiano Ronaldo
- Net Worth: Approximately $500 million
- Family Office: The Portuguese football star has amassed his wealth through his successful football career, lucrative endorsements, and a strong social media presence. His family office invests in real estate, luxury goods, and hospitality. Ronaldo has also launched CR7, his brand that spans fashion, fragrances, and hotels.
4. Tiger Woods
- Net Worth: Estimated at $1.1 billion
- Family Office: Tiger Woods is not only one of the greatest golfers of all time but also a shrewd businessman. His family office handles investments in sports, real estate, and various business ventures. Woods’ brand extends into course design, luxury sportswear, and digital platforms.
5. David Beckham
- Net Worth: Approximately $450 million
- Family Office: Beckham transitioned from being a global football icon to a successful businessman. His family office invests in fashion, entertainment, and sports. Beckham has a stake in Major League Soccer’s Inter Miami, which he co-founded, and his brand spans various sectors including a fragrance line and partnerships with major fashion brands.
6. Magic Johnson
- Net Worth: Estimated at $620 million
- Family Office: Magic Johnson, the NBA legend, has built a business empire through his family office, Magic Johnson Enterprises. The firm invests in real estate, sports teams, and entertainment. Johnson has ownership stakes in various sports franchises, including the Los Angeles Dodgers, and has invested in Starbucks, movie theaters, and other ventures.
7. Roger Federer
- Net Worth: Over $500 million
- Family Office: The Swiss tennis legend has leveraged his earnings into smart investments through his family office. Federer’s investments include sports management, real estate, and luxury goods. He has also launched his own lifestyle brand, RF, which continues to grow in value.
These athletes have effectively used their sports earnings to build vast investment portfolios through their family offices. By diversifying into real estate, technology, media, and other sectors, they have ensured long-term financial security and growth, establishing themselves as both sports and business legends.
