He reportedly spent millions of dollars on a heavy-metal record collection that filled his $8.7 million Malibu estate.But Rodman’s financial downfall was not all his own doing.
Since then, they have continued to make funny YouTube videos to keep the momentum going.“Cupcakes are a great business,” Orakpo says in their commercial.“As long as you don’t eat the profits,” Griffin chimes in.As of press deadline, professional triathlete Nicole DeBoom was seeking a partner for her women’s sports apparel firm Skirt Sports.The business was hit hard by COVID-19, and adding a partner is just another shrewd business move for DeBoom, who spent the past 15 years building the company into a successful niche retailer.“We’ve had a trifecta [of challenges] over the past six months,” DeBoom told The Daily Camera in Boulder, Colo.She described those challenges as distribution partnership “setbacks” with Amazon, tariffs on imported materials to make the apparel, and COVID-19.But challenges are nothing new for DeBoom. He found a mentor in the Falcons’ locker room — fellow defensive end Lester Archambeau — who helped steer him to good financial decisions.At the end of his career, Archambeau, a Stanford graduate, walked by Kerney’s locker one day and asked the rookie if he “liked money.” Kerney answered in the affirmative, and Archambeau tossed him a copy of The Millionaire Next Door: The Surprising Secrets of America’s Wealthy.The 1996 book by Thomas J. Stanley and William D. Danko uses research to analyze millionaires. His career earnings across several tours is pegged at $14.2 million by Yahoo Sports.But a true picture of Daly’s career finances is difficult due to profligate spending, which includes gambling losses that Daly estimated at a staggering $55 million in 2014. Eddie George was mature enough as a high school senior to opt for another postgraduate year at Fork Union Military Academy.
But the intervening decade saw Jones fall far and hard.Jones’ problems began on Dec. 3, 2004, when Victor Conte, the founder of the BALCO lab, appeared on ABC’s “20/20” and said he had personally given Jones four different illegal performance-enhancing drugs before, during and after the 2000 Olympics.Journalists later cited evidence and testimony from Jones’ ex-husband, C.J. I just knew that he had other famous people, other famous athletes, so if they’re with him then he must be OK.”The experience hardened George on the ever-present financial dangers lurking to trip up young athletes who become instant millionaires.
According to a recent report, Lopez and Rodriguez are worth a combined $700 million.Ex-athletes do a lot of different things with the money and time they have upon leaving their games behind. But not many ex-football teammates partner to open a cupcake shop.That’s exactly what Brian Orakpo and Michael Griffin did in 2018, when their Gigi’s Cupcakes franchise opened in Bee Cave, Texas. After a standout career that saw him earn four Pro Bowl trips as a running back for the Tennessee Titans and the Dallas Cowboys, George returned to school and earned an MBA from Northwestern University.He has several business ventures, including serving as managing partner of Edward George Wealth Management Group in Nashville. His post-sports career in business is on track to match or top that.On the field, Alex Rodriguez, 44, was a polarizing player opposing fans loved to hate. Rodriguez was suspended by Major League Baseball for the 2014 season.When on the field, A-Rod produced eye-popping numbers. But it wasn’t long before DeBoom realized she didn’t have the right training and racing clothes.“I decided that I would turn the women’s fitness clothing market upside down and create something that had never been done before: a running skirt,” DeBoom says on her website. “Learning how to start up an LLC to getting someone who is going to be working with your account to financing, just a lot of things we take for granted being professional athletes.”The three partners described an intense three-week period working from 6 a.m. to 8 p.m. learning how to open the shop, decorate, bake every cupcake they sell, be the cashier and close the shop. So not only are you in a low-probability world of starting up businesses that are going to eat away your capital, you’re also now spending your time that you can’t put toward football.”Many advisors are using the COVID-19 pandemic to drive home financial lessons about planning and emergencies.
Success in sport and business came quickly, with DeBoom winning the 2004 Ironman Wisconsin wearing a prototype of her first-ever running skirt.In 2007, the company surpassed $1 million in sales, and business remains strong, even as COVID-19 brings new challenges.“I’ve encountered obstacles big and small, caused by me or out of my control, through the ever-changing world of women’s athletics, and I continue to persevere, even when the future is impossible to predict,” DeBoom said in a January interview with Authority Magazine.Get breaking news, exclusive stories, and money- making insights straight into your inbox. Both rifles feature anI caught six small catfish recently and realized after cleaning them I had no peanut…Something went wrong.