Amid Payment Struggles, Alex Rodriguez Spills a 25-Year Secret That Helped With $1.5 Billion Minnesota Timberwolves Purchase

Since retiring, Alex Rodriguez has excelled in his business ventures. He has branched out into various industries through a variety of businesses. But in 2021, he made a big splash by buying NBA team, Minnesota Timberwolves. The deal was for $1.5 billion and payments were to be made over three installments. A-Rod and his business partner successfully paid the second installment recently, but they were struggling at one point. Most recently, A-Rod shared the secret behind his deal to buy the NBA team and how he earned the money for it.

Rodriguez is enjoying his time as owner and was regularly seen attending games during the season. The Timberwolves even made the playoffs, but were defeated in the first round. Now A-Rod has shared the secret behind the money that he used to buy the Minnesota-based NBA team.

Alex Rodriguez revealed to Grant Cardone that he bought the Timberwolves using his gains from real estate

After retiring from baseball, Alex Rodriguez has focused heavily on business, bringing his lessons from the ballpark to the boardroom. Most recently, he revealed that 25 years of investing in real estate, specifically multi-family properties, allowed him to buy the Timberwolves. He revealed this fact while speaking with Grant Cardone and the $600 million investor shared it on his Instagram story.

Although Rodriguez has a variety of investments and ventures, real estate is his main area of investment.?

In the story, A-Rod said, ?Well I got a great partner, one, but I did it with multi-family. I?ve been doing it for 25 years.? This was after Cardone had asked him how he was able to buy the team. Then the $600 million investment expert said that he also invests in multi-family properties and advised his followers to do so as well.?

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Rodriguez has built a vast portfolio of business ventures over the years since his retirement. He slowly learned more and more about different industries and bided his time. Real estate is at the heart of his $350 million net worth and has helped him establish a business empire. But the former Yankees legend does have some regrets in real estate.?

A-Rod wishes he bought more real estate

In a very candid self-reflection, Alex Rodriguez admitted he has two regrets in real estate. The first regret is that he did not buy more when he was buying and the second is that he sold.

A-Rod wishes that he had stood pat on some of the real estate he bought and held onto it. But the former Yankees legend continues to invest in properties even today, earning comparisons to Bill Gates.

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What do you think of the secret behind Alex Rodriguez buying the Minnesota Timberwolves? Please share your thoughts in the comments below.