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5 Businesses Basketball Star Giannis Antetokounmpo Invested In

Giannis Antetokounmpo

Giannis Antetokounmpo, a Nigerian-Greek NBA star, made news in 2021 when he led the Milwaukee Bucks to their first NBA championship in 50 years. Following a spell with the Greek basketball team Filathlitikos, he was picked by the Bucks with the 15th overall pick in 2013.

After becoming an NBA sensation, he quickly began to focus on expanding his influence into the business world. Today, he runs numerous successful firms, and Forbes estimates his net worth at $87.6 million.

According to Forbes, he inked a five-year, $228 million supermax agreement with the Bucks in 2020, with an opt-out after the fourth year. The contract placed him among the world’s top 15 highest-paid athletes. He also has a lucrative brand contract with Nike. In addition, Disney has agreed to produce a film based on his life in 2020.

Here are five enterprises in which the basketball star has an interest to demonstrate his influence in the business sector.

Milwaukee Brewers

The celebrity bought a share in the Milwaukee Brewers of Major League Baseball. The Brewers’ Chairman and Principal Owner, Mark Attanasio, introduced Antetokounmpo as a new member of the team’s ownership group in 2021, according to a release from the club. “We are honored to have Giannis join our team of Milwaukee Brewers’ investors,” added Attanasio. “Giannis is a great athlete, a world champion, and a true local hero with international renown.”

The purchase makes the two-time MVP the first new private investor to join the Brewers’ ownership group since Attanasio bought a controlling interest in the franchise in 2005.

Nashville SC

Antetokounmpo’s involvement in sports extends beyond his ownership of the Milwaukee Brewers. He also has stock in Nashville SC of Major League Soccer.

Ready Nutrition

The NBA player owns Ready Nutrition, a sports nutrition brand. According to CNBC, he invested six figures of his own money in order to gain ownership.

“This is not an endorsement deal,” Antetokounmpo told CNBC. “Obviously, I can help the brand and go out there and sell it to everybody, but this is not what this is. … this is a company I really believe in. I could go with Gatorade, I could go with BodyArmor, but at the end of the day, Ready was the right fit for me.”

Antidote Health 

Antetokounmpo is a mental health advocate. His work in this space led him to invest in a telehealth company in 2022.

Explaining why he got involved in the startup company, he noted, “Affordable health care for all, no matter where you are from — race, circumstance, location,” he said. “Having access to affordable health care for all. It’s something that growing up we didn’t have, me and my family, obviously being an immigrant illegally in Greece we weren’t able to have that.”

Candy Funhouse 

The NBA player and his brother invested in confectionery Funhouse, a Canadian confectionery distributor. After creating Ante, Inc.’s parent business, the investment was made in the first new venture.

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