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Dwyane Wade Shares How Long It Took Him To Learn How To Manage His NBA Earnings As Someone Who 'Never Really Handled More Than $500 At A Time'

Money management can be a learning curve for many athletes, and this was the case for Dwyane Wade. Wade was drafted to the league in 2003, which is viewed as “one of the greatest draft classes in NBA history,” the league mentions. LeBron James, Carmelo Anthony, and Chris Bosh were also drafted that year. Wade would make his debut with the Miami Heat as the No. 5 overall draft pick, Sports Illustrated reports. He then signed a three-year contract valued at $8.5 million, to The Palm Beach Post. For Wade, being drafted to the league allowed him to overcome the odds that were stacked against him living in the South Side of Chicago, where he would hear gun shots frequently. At one point, he was being raised by his mother who struggled with addiction and would leave him at home for periods of time, according to Business Insider. When he was 9 he eventually moved to a new neighborhood to be with his father, who had divorced his mother. “[My father] was militant,” Wade shared during an...

Samantha Dorisca

May 17, 2024

The Charlotte Hornets Are The Only NBA Team With A Black President, General Manager, Coach, And Assistant General Manager

The Charlotte Hornets are being led by a Black executive team. Following the selling of Michael Jordan’s stake in the team for a reported $3 billion in June 2023 to a group led by Gabe Plotkin and Rick Schnall, as previously reported by AFROTECH™, it is undergoing new changes in leadership. On March 5, 2024, Jeff Peterson was hired on as the executive vice president of basketball operations, notes the NBA. Before this role, he had been assistant general manager of the Brooklyn Nets. According to a press release, the team cemented a deal with Dotun Akinwale, who has worked in the NBA for 11 years as an executive, to bring him on as assistant general manager. Prior to the title, he had been promoted to vice president of player personnel for the Atlanta Hawks. On May 9, 2024, Charles Lee, who boasts a decade of experience as an NBA assistant coach joined the team as head coach, leaving the Boston Celtics. “We are excited to welcome Charles Lee as the head coach of Charlotte Hornets,”...

Samantha Dorisca

May 17, 2024

Nicki Minaj's North American Leg Of The 'Pink Friday 2 World Tour' Makes History As The Highest-Grossing Rap Tour For A Woman

Nick Minaj’s latest tour is breaking records! According to Billboard, the Queens, NY, native’s “Pink Friday 2 World Tour” is the highest-grossing and bestselling rap tour by a woman in Billboard Boxscore history after reports revealed that it grossed $67 million and sold 439,000 tickets. Kicking off on March 1 in Oakland, CA, the tour’s first stop brought Minaj $2.3 million thanks to 14,000 tickets sold. The show concluded on May 13 in Oklahoma City, OK. She now joins the likes of her former label mate Drake, as well as Kendrick Lamar, Future, and a host of other rappers with high-grossing tours. Not to mention, she bumped out Doja Cat, who just five months prior had set the record with $37.3 million for “The Scarlet Tour.” With four double-headers, the “Pink Friday 2 World Tour” brought in more than $3 million for each stop in Atlanta, GA; Boston, MA; Brooklyn, NY; Chicago, IL; and Toronto, Canada. Minaj’s biggest moneymaking nights were both in New York, at the Brooklyn Barclays...

Shanique Yates

May 17, 2024

Shaquille O'Neal's Big Chicken Restaurant Is Making Its Way To His Home State

Shaquille O’Neal’s Big Chicken is heading to his home state of New Jersey. As previously reported by AFROTECH™, the former basketball-player-turned-serial- entrepreneur became a co-owner of Big Chicken in 2018 and opened the first location in Las Vegas, NV, alongside his friend Matt Silverman and agent Perry Rogers. Since, thanks in part due to its popular menu items including chicken tenders, various chicken sandwiches, crinkle-cut French fries, and mac n’ cheese, the business has proven to be a success and has adopted a franchise model. View this post on Instagram A post shared by 312 Craves (@312craves) Big Chicken signed a 20-unit development deal in partnership with H&D Group Investments to expand to Michigan in 2023, Franchise Times reports . Prior, a 50-unit deal had been signed to open storefronts in Texas, with locations already springing up in the city of Houston and nearby Richmond. It can also be found in California and on Carnival Cruise ships. View this post on...

Samantha Dorisca

May 17, 2024

Patrick Mahomes Ventures Into The Coffee Industry As A Lead Investor In Throne Sport Coffee

Kansas City Chiefs quarterback Patrick Mahomes has a new business venture to add to his ever-growing portfolio. According to Boardroom, the three-time Super Bowl champion is taking his love for coffee to higher heights as a lead investor for Throne Sport Coffee, a ready-to-drink coffee beverage company that was launched Thursday (May 16). Putting his money where his mouth is, not only did Mahomes attend a nice chunk of developmental and departmental meetings for the company, but he also had samples of the coffee sent to his home every two to four weeks in 2023 to ensure that he was able to help the Throne Sport family create a “tasty, healthy beverage with mass appeal to compete in a crowded market.” “There were a lot of samples sent and the season worked out well,” Mahomes said. “We won the Super Bowl, so it must have worked. We’ve come up with a great product, and I think people will really enjoy them throughout the entire day, not be jittery, and not be sluggish after the coffee...

Shanique Yates

May 16, 2024

Taye Diggs' Career Has Earned Him A $7M Net Worth, But It's Not Enough To Influence His Son To Be A Part Of Hollywood

In the vibrant tapestry of Black American culture, a concept emerges that celebrates certain movies as “Blassics.” This term, a fusion of ‘Black’ and ‘Classics,’ is a testament to the unique stories of Black Americans and their experiences brought to life through films starring Black actors. These films, often featuring familiar faces like Angela Bassett, Nia Long, and Taye Diggs, are not just movies but cultural milestones. They have left an indelible mark on the industry and include films like “Waiting to Exhale, “Friday,” “School Daze,” and “The Best Man,” resonating deeply with the culture’s shared experiences and heritage. Of those listed, Diggs may be most recently known for his appearance on the CW’s “All American,” portraying former NFL player and high school football coach Billy Baker. However, his career has roots much deeper than the teenage-themed drama series. View this post on Instagram A post shared by Taye Diggs (@tayediggsinsta) Diggs, a native of Rochester, NY,...

Josh Rodgers

May 16, 2024

Mary J. Blige Steps Into The Footwear Market With Her Highly-Anticipated Boot Release And Sells Out Within 24 Hours

Mary J. Blige’s fans have been asking her for a boot collection for years. Now, the music legend has delivered on her promise. In May 2023, the “Good Morning Gorgeous” singer exclusively shared with AFROTECH™ that her signature boot line was on the way. “It’s in the works,” Blige told AFROTECH™ at the time . “For some reason, this is taking longer than everything else, but we’re gonna get there. Trust me. Everything else is here so that’s on its way.” The time has officially arrived as Blige teamed up with Giuseppe Zanotti in May 2024 for “The Mary Boot.” What’s more, she was a part of the design process. “Giuseppe Zanotti and Mary J. Blige have transformed their longtime friendship into an exclusive, limited-edition collaboration,” Giuseppe Zanotti shared on its Instagram page. “‘The Mary Boot,’ a stunning over-the-knee boot co-designed by the two talents.” View this post on Instagram A post shared by Giuseppe Zanotti (@giuseppezanotti) During the 2024 Strength of a Woman Festival...

Ngozi Nwanji

May 15, 2024

Viola Davis, Charlamagne Tha God, And More Among Investors In A Self-Help App Catering To The Black Community

Prominent individuals in entertainment are joining forces to provide self-help resources to the Black community. This is being made possible through the inception of ALTR, described as a motivational and self-help app, per the company’s LinkedIn. The platform was co-created by David A. Wilson, founder of TheGrio, and Brandon John-Freso, who serves as the company’s chief technology officer, and is supported through a partnership with Viola Davis and husband Julius Tennon’s JuVee Productions. ALTR serves to provide audiobook miniseries that will tend to “the distinct life obstacles faced in the Black community,” Variety reports. These audiobooks will include topics such as: Mental well-being Feelings of isolation Financial stability Spirituality Personal relationships And more “There is a yearning for solutions and knowledge from our cultural perspectives,” Wilson told Variety. “Our authentic voices are lacking in the existing self-help, wellness and educational platforms, which is...

Samantha Dorisca

May 15, 2024

A’ja Wilson Shares How She Repaid Her Parents For Her Career Success — 'The Only Tangible Thing I Really Did For My Mom Was Retire Her'

A’ja Wilson does not take the sacrifices of her parents for granted. Growing up, the Las Vegas Aces player credits her dad for encouraging her to practice shots on the court, she tells ESPN. Her father, Roscoe, would make her wear a weighted vest while she scored layups. The South Carolina-born athlete describes this time period as “the hell part” of their relationship, but it also helped to improve her skills. “Left hand, right hand, left hand, right hand,” Roscoe told ESPN. “I’d tell her to always know where her feet should be, don’t bring her hands down below her shoulders. Now, it’s second nature.” A’ja saw her improvement too. “…The heaven part was that as I grew, I started to see my game change. I realized my dad was just being my coach. As I got older and basketball got more serious, I saw that, ‘This man may know some things, A’ja, so I suggest you listen to him.'” Roscoe’s passion for the game was reflected in his own life. While he never made it to the NBA, the former...

Samantha Dorisca

May 15, 2024

How This Mompreneur And Her Daughter Landed At A Mary J. Blige Festival After Frequently Getting 'Kicked Out' Of Other Vending Opportunities For Their Restaurant

Mary J. Blige’s Strength Of A Woman Festival (SOAW) returned for a Mother’s Day takeover in a new city this year, along with new faces and places to support. “We started doing pop-ups at bars, and it was just me and my daughter,” Chef Shelly Flash of 2 Girls & A Cookshop told AFROTECH™ during the third annual SOAW, the festival’s first time appearing in Blige’s home of New York, NY. “We used to get kicked out all the time, and it’s like we just had a mission. We were like, ‘We should share our food with the world because we’re first-gens, and a lot of times first-generation Jamaicans, we’re not represented.’ Either you’re all in the culture or you’re in this melted pot. We are always in this floating melting pot. We live in the best city in the world — that’s New York — and so what we decided to do is just keep putting out one Jamaican taco at a time.” She added, “And in Jamaica, we always say ‘Out of many, one person.’ At 2 Girls we say, ‘Out of many, one culture.’ We believe that...

Shanique Yates

May 14, 2024

Big Dave's Cheesesteaks, Founded By Derrick Hayes, Expands To Its First Out-Of-State Location Poised To Create 30 New Jobs

Big Dave’s Cheesesteaks, founded by Derrick Hayes, is crossing state lines. The restaurant, which was born from Hayes’ interest in cooking while in the kitchen with his grandfather, notes Forbes, has scaled from a 700-square-foot gas station in Dunwoody, GA, to multiple locations across Atlanta, GA, including the Mercedes-Benz Stadium. In 2023, Hayes’ had cemented a deal that pivoted the business to a franchise model allowing the restaurant to further capitalize off its success. By doing so, 10 restaurants are already set to form across central Florida as former PepsiCo executive Derek Lewis signed a franchise agreement with Hayes in January 2024, as AFROTECH™ previously reported. Now, Big Dave’s Cheesesteaks is poised for even further growth in light of its newest establishment opening at 8552 University City Blvd., Charlotte, NC 28213, its first out-of-state location, according to a press release provided to AFROTECH™. “From a humble gas station start to expanding across state...

Samantha Dorisca

May 14, 2024

College Basketball Athlete Great Osobor Transfers To Washington With A Reported $2M In NIL Agreements Already Set

Promising opportunities are on the way for college athlete Great Osobor. ESPN reports Osobor, the Mountain West Conference Player of the Year, has settled on the University of Washington after entering the NCAA transfer portal. The forward previously played for Utah State University and had already expressed interest in moving to Washington after Utah coach Danny Sprinkle was hired on as the school’s newest coach, according to Fox Sports. “I would like to thank God for putting me in this position,” Osobor said, according to ESPN. “Washington will allow me to maximize my potential as a player in my final year of college basketball. Coach [Danny] Sprinkle has been with me every step of the way since I came from England, and I cannot wait to help the Huskies get back to the NCAA tournament.” Osobor’s move also signals a great precedence in the age of name, image, and likeness (NIL) deals. The outlet notes he has agreements, such as marketing assurances, in place that will set his NIL...

Samantha Dorisca

May 14, 2024

Jatee Kearsley Made 'Elevated Foods' Accessible To Her Community By Opening A Pastry Shop That Also Allows Customers To Pay With EBT Cards

Jatee Kearsley refers to herself as a “generational starter.” The Queens, NY, raised pastry chef is the owner of Je T’aime Patisserie, a business located in Bed-Stuy, Brooklyn. The naming of the restaurant was intentional as her love for cooking was born in her teenage years while hosting weekly bake sales in front of a building she used to reside in. “You’re a kid and you want money. So what do you do when you want money? You do what you’re good at. And I was always good at baking cakes and cupcakes for my family,” she tells AFROTECH™ during the Strength of a Woman Festival and Summit. “I would invite my friends over and they’ll come and eat cupcakes. I’m like, ‘You know what? I’m going to make money.’ So I took a table outside and just started selling these cupcakes that I was making. Then it just elevated into a passion.” Kearsley would continue to opt for self-teaching even as she pursued culinary education, honing her skills in baking intricate pastries such as macarons and...

Samantha Dorisca

May 13, 2024

Serena Williams Had $94.8M In Prize Earnings During Her Tennis Career, But At One Point She Would Forget To Pick Up Her Checks

It was never about the money for tennis legend Serena Williams. During an interview on Bloomberg Originals’ “The Deal” podcast hosted by Alex Rodriguez and Jason Kelly, she recalls forgetting to pick up her award checks after winning tournaments, necessitating friendly reminders from her accountant. “When I started tennis, first of all, I’m from Compton, CA, and I remember playing on these courts, and my life was great. I never felt like I needed anything. So for me, money was never a motivation,” Williams told the hosts. “I remember when I first started, back in the day, they used to write out checks after you won your tournament. And I would always forget to get the checks. And so at the end of the year they would always have to say, ‘Serena, we have all these checks for you.’ I’m like, ‘Oh my God.’ And at the time, I had an accountant who would be like, ‘Serena. They sent me all these checks that you would forget to get from the tournaments.'”   Instead, Williams was more focused...

Samantha Dorisca

May 13, 2024

After Becoming The Youngest And First Black Female Partner Ever At GV, Terri Burns Is Launching Her Own VC Firm

Back in 2020, Terri Burns made history at GV (formerly Google Ventures) as not only its first Black female partner but also its youngest-ever partner at age 26, as previously shared by AFROTECH™. The promotion came after she joined the investment arm of Alphabet in 2017. Now, the history-maker is spreading her wings to take on building out her own venture. Fortune reports that Burns is launching her firm, Type Capital. “To the next generation of founders… you’re exactly our type,” Burns wrote via Instagram when announcing her new firm. View this post on Instagram A post shared by Terri Burns (@tcburning) According to Fortune, the 30-year-old was moved to start Type Capital after seeing a trend of venture capitalists investing in companies only after seeing fellow VCs show interest first, which she describes as “heat.” Burns aims to change the status quo by taking the lead and pursuing risks “driven by true innovation,” not by other investors. “They’re talking to amazing investors,...

Ngozi Nwanji

May 13, 2024