Meet the 12 Black Entrepreneurs Shaping the Future of the NBA in 2023-24

Credits: People

By: Aquib Nawab

NBA

Boasts a net worth of $10 million and is the President and CEO of V&J Foods, recognized as the largest female-owned franchise organization in the United States. She is also a minority owner of the Milwaukee Bucks and serves on the board of the Green Bay Packers.

1. Valerie Daniels-Carter

Credits: Valerie Daniels-Carter, Facebook

A professional football player with a net worth of $12 million, is an accomplished defensive end. He's not only an athlete but also a minority owner of the Cleveland Cavaliers, pursuing a role in a winning basketball culture alongside his football career.

2. Myles Garrett

Credits: Forbes

3. Damian Mills

A car dealership owner, seized the opportunity to become a minority owner of the Charlotte Hornets following Michael Jordan's sale. His entrepreneurial journey began in 2004, owns a portfolio of successful dealerships, generating nearly $100 million.

Credits: Newsbreak

A renowned actress known for her roles in various films and TV shows, has a net worth of $50 million. Despite her celebrity drama, she maintains her minority ownership in the Philadelphia 76ers, contributing to the team's success.

4. Jada Pinkett Smith

Credits: Fadeaway World

A celebrated rapper with a net worth of $60 million, purchased a minority stake in the Charlotte Hornets following Michael Jordan's sale. Known for his hit songs like "Work Out" and "No Role Modelz," he brings his passion for basketball to team ownership.

5. J. Cole

Credits: Vibe

6. Dwyane Wade

A legendary shooting guard with a net worth of $170 million, acquired a minority ownership stake in the Utah Jazz back in 2021. He's not only an NBA icon but also an active philanthropist through the Wade's World Foundation.

Credits: si.com

A global Pop and R&B sensation with a net worth of $180 million, made his ownership investment in the Cleveland Cavaliers for around $9 million. The increasing value of the Cavaliers could prove advantageous for his ownership stake.

7. Usher

Credits: Essence

A superstar center and former player for the San Antonio Spurs, boasts a net worth of $200 million. Beyond his playing career, he co-founded Admiral Capital Group, focusing on investments with financial and social returns.

8. David Robinson

Credits: Mysanantonio

9. Grant Hill

Once expected to be the face of the NBA, has a net worth of $250 million. In addition to being a minority owner of the Atlanta Hawks, he's involved in soccer and works as a basketball analyst for CBS and Turner Sports.

Credits: si.com

A highly acclaimed actor with a net worth of $350 million, is known for his extensive achievements in Hollywood and music. As a minority owner of the Philadelphia 76ers, he hopes to witness the team achieve championship success.

10. Will Smith

Credits: Twitter

An entrepreneur and philanthropist with a net worth of $750 million, has left a mark in various sectors. She's a co-founder of BET and a minority owner of the Washington Wizards, actively involved in educational and charitable organizations.

11. Sheila Johnson

Credits: Monumental Sports

12. Michael Jordan

Widely regarded as the greatest basketball player of all time, has a staggering net worth of $3 billion. His "Air Jordan" sneaker brand transformed fashion, and he remains a minority owner of the Charlotte Hornets, contributing to their aspirations for excellence.

Credits: fadeawayworld

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