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Almost every professional athlete envisions their dream plans once they officially take off their jersey. Earlier this year, LeBron James shared his dream of owning an NBA team in Las Vegas. Recently, AfroTech got in on the scoop that James isn’t the only NBA superstar currently manifesting ownership.
Chris Paul is still working to create a brighter future for Historically Black College and University (HBCU) students. The NBA star has once again joined forces with Koia — along with Support Black Colleges — to provide students with healthier alternatives, according to Koia’s website. As AfroTech previously told you, Paul, who is also currently a student at Winston-Salem State University, first partnered with the plant-based line in 2021 to introduce Koia vending machines at the HBCU.
Though Chris Paul first got his start as a point guard in the NBA, he’s considered one of the savviest businessmen off the court, as well. He was, at one time, the president of the National Basketball Players Association, and is considered one of the richest NBA players in the world. But he wouldn’t be anywhere without the support of his family, which includes his older brother C.J. Paul and his father Charles Paul Sr. It was, in fact, his father that first inspired Chris Paul to go into the game he would, eventually, become world-famous for. And, as Sports Illustrated reported all the way back in 2005, he was considered a “child prodigy” when he was playing ball at West Forsyth High School in Clemmons, NC. Today, he’s gone above and beyond the basketball court, and has achieved a net worth of $160 million, according to Celebrity Net Worth. Let’s take a look at how Chris Paul makes his money both on and off the court. Editorial note: The net worth listed in this piece is a...
Supporting Historically Black Colleges and Universities (HBCUs) appears to be a unified effort. Joe Biden is set to appoint “qualified and diverse” leaders in education, sports, and more to the President’s Board of Advisors on Historically Black Colleges and Universities. The responsibilities of the board members will be to “increase the capacity of HBCUs to provide the highest-quality education to its students and continue serving as engines of opportunity,” according to the press release from the White House. Actress Taraji P. Henson and NBA All-Star Chris Paul are expected to be on the board. They will be joined by Makola M. Abdullah, Javaune Adams-Gaston, Paige Blake, Thasunda Brown Duckett, Willie A. Deese, Patrick Cokley, Monica Goldson, William F. L. Moses, and more. The new additions come after President Biden named Dr. Tony Allen as chair and Dr. Glenda Glover as Vice Chair of the President’s Board of Advisors on HBCUs in 2021. Dr. Dietra Trent was also named executive...
Chris Paul means business when it comes to supporting companies that help in strengthening the Black community — just take a look at his investment portfolio. In August 2021, the NBA star invested in the plant-based protein shake and smoothie company Koia to create access to healthier eating for the underserved, as previously reported by AfroTech. In the same month, Paul participated in a $3 million seed round for Misha’s Kind Foods, a Black-owned vegan cheese brand. Now, he has added another Black-owned brand to his investments. Paul has joined La Fête Wine Company as an equity partner, according to a press release. Being a businessman that’s all about inclusivity, he and the brand’s missions perfectly align. “Not only is Chris an incredible athlete and businessman, but he’s also a wine enthusiast who is vocal and passionate about representation & inclusivity in the wine industry,” said Donae Burston, Founder & CEO of La Fête Wine Company. “He is a natural fit for our team, and we...
Billionaire Michael Jordan has marked himself as a shrewd investor. Now, the National Basketball Association (NBA) legend is investing in his passion for luxury collectibles. WatchBox, an e-commerce platform for collectible luxury watches, has secured a $165 million round of equity capital, according to a press release. It was led by The Radcliff Companies and The Spruce House Partnership. Other participants include CMIA Capital Partners and NBA stars such as Michael Jordan, Giannis Antetokounmpo, Chris Paul, Karl Anthony Towns and Devin Booker. “Our investors and partners hail from a wide range of industries, from consumer to technology, finance and professional sports, yet we are all bound by our love of watches. When we founded WatchBox, our vision was to build a brand that would engender trust so that we could unite a passionate network of enthusiasts. With that foundation we are now able to use technology to create the best customer experience in the industry,” said Justin...
If you’re waiting for Jay-Z to slow down when it comes to his money moves, you’ll probably be waiting a long time. According to a press release, his latest business venture is with Phoenix Suns’ Chris Paul as the two businessmen have helped raise a $3 million investment round for Misha’s Kind Foods — a vegan cheese brand. The seed funding round included participation from Jay-Z’s Marcy Venture Partners (MVP) firm, Paul and branding firm Lisa Shamus & Partners. “The mission of Misha’s directly aligns with our values,” said MVP Co-founder Jay Brown in a press release. “When we first discovered Misha’s we found some immediate synergies. We embrace companies that value sustainability, empowerment, inclusivity, accessibility, convenience, health and wellness, and personal expression.” Plant-based investments is far from new territory for both Jay-Z and Paul. According to VegNews, Jay-Z helped raise $300 million for Impossible Foods and has invested in other vegan brands such as Partake...
Phoenix Suns star Chris Paul is one of the newest faces to join digital media startup Greenfly’s latest funding round, and the perks come with some new titles. TechCrunch reports that the NBA All-Star’s investment will have him serve as a strategic investor and partner in the company through its $8.4 million strategic growth round. Existing investors in the round include Go4it Capital, Elysian Park Ventures, Alpha Edison and Iconica Partners, as well as others like Verance Capital, Higher Ground Labs, DD Venture Capital, SW19 Ventures, LinkinFirm and Allievo Capital. Greenfly’s new funding round puts the company at over $23 million raised since it was first founded by former Major League Baseball (MLB) All-Star Shawn Green and his cousin Daniel Kirschner — who previously served in senior roles at the U.S. Department of Justice, the Federal Communications Commission and Activision Blizzard. Greenfly is a company that considers itself a “leader in digital media monetization,”...
Nutritional food disparities are a prominent issue in Black and Brown communities due to disadvantaged socioeconomic area’s access to fewer stores. To combat this issue, 11-time NBA All-Star Chris Paul aims to provide these same communities with healthier alternatives. “I’m from North Carolina. So, I grew up eating after church on Sunday. I’m at my Granny’s house; we got the full spread of soul food laid out. A lot of times, eating that way is a part of your culture and history, and your way of life,” Paul shared in an interview with For(bes) the Culture . The Phoenix star shocked fans after adopting a plant-based diet preceding a career-low with the Houston Rockets for the 2018-2019 season. The newfound lifestyle produced substantial results for Paul, crediting faster recovery periods and greater stamina, The Beet previously reported. Yesterday, Paul announced a new financial venture with leading plant-based protein manufacturer Koia . The partnership aims to ensure healthy foods...
Remote learning has taken on a whole new meaning amid the pandemic, but audio-learning platform Knowable is taking it a step further to bring their educational experiences to life. Knowable — a first-of-its-kind platform teaching through a robust library of original, expert-led audio courses — has recently partnered up with Phoenix Suns guard Chris Paul to lead a course about switching to a healthier diet and the importance of nutrition in Black communities. Throughout the exclusive course, Paul shares his personal experiences with plant-based eating and dives deep into how it’s transformed his game as an athlete. “My plant-based diet has completely changed my life in ways that I never could have imagined,” Paul told AfroTech. “Food has the power to affect every aspect of our lives. Since going plant-based, I’ve been in the best shape of my life, physically and mentally. Changes to my diet had a real impact on my game by aiding in reduced recovery time and inflammation.” In addition...
There’s no age limit on when people can learn financial literacy, according to mobile banking app Goalsetter. The Black-owned kids and family finance app announced that it has raised a $3.9 million seed capital round and plans to use the funds to accelerate subscriber growth and enhance its ability to further expand its platform, according to a press release. The funding round was led by Astia, with participation from other companies such as PNC Bank, Mastercard, US Bank, Northwestern Mutual Future Ventures, Elevate Capital, Portfolia’s FirstStep Fund and Rising America Fund, and Pipeline Angels. In addition to those major investors, Brooklyn Nets’ Kevin Durant, Phoenix Suns’ guard Chris Paul, former NBA star Baron Davis, and ex-MLB player C.C. Sabathia all joined as individual investors in the revolutionary app. “We are proud to support Goalsetter in their mission to increase financial literacy in Black and Brown communities,” Durant shared in a statement. “Financial education is...
It’s always good to see athletes using their platforms to fight for justice and change. This week, NBA stars Carmelo Anthony, Chris Paul, and Dwyane Wade launched the Social Change Fund to offer more financial support and resources in the Black community while also addressing issues like public safety and criminal justice reform, according to The Hollywood Reporter . https://www.instagram.com/p/CC8fyvdHqcJ/?utm_source=ig_web_copy_link The three athletes have banded together to put their money behind concrete action. “Our mission is to address social and economic justice issues facing Black communities and break down the discriminatory barriers to success,” Paul said in an Instagram post . “The Social Change Fund will help advance racial equality and opportunity.” Additionally, the fund is acting on behalf of the Black community in America who has gone unheard and mistreated in response to our demands for justice. “When all else fails to organize us, conditions will,” Anthony said in...