Alex Rodriguez has become an extremely successful businessman since retiring from baseball. The former New York Yankees star has gradually built an empire, starting with real estate. Rodriguez is now worth a reported $350 million and has invested in many ventures. In fact, he and a $4.6 billion tycoon partnered on Shark Tank and invested in Rob Gronkowski’s brother’s business.
Rodriguez has made several guest appearances on the show due to his increasing prominence as a businessman. In 2020, Chris Gronkowski opened up on his journey with his brand Ice Shaker and its growth since A-Rod’s investment.
Chris Gronkowski’s Ice Shaker business skyrocketed because of Alex Rodriguez and Shark Tank
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In 2017, Chris Gronkowski, a former NFL player, and Rob Gronkowski’s brother went on Shark Tank. He wanted help with his brand Ice Shaker, an idea that he came up with to replace the plastic shaker. He created, a supremely upgraded version made of kitchen-grade stainless steel and was vacuum-sealed, keeping beverages cool for up to 30 hours. The Sharks fell in love with the idea, with all 5 of them offering Gronkowski a deal. Eventually, Alex Rodriguez and $4.6 billion Mark Cuban beat the other sharks and sealed a deal. They paid $150,000 in exchange for a 15% equity split equally. In 2020, Chris shared updates on the brand’s journey after Shark Tank, thanking Cuban and Rodriguez for their help.
During an interview, he said, “Really, it was a passion of mine, and started as a side hustle. You know, we were able to get onto Shark Tank, get an offer from all 5 sharks, closed a deal with Mark Cuban and Alex Rodriguez. From there, it was just a rocket ship. It is what they say it is, Shark Tank is the real deal, the investment does come in. The exposure is huge and, and the biggest thing is proof of concept as well.”
He further said, “Went from one bottle, one color, one size, that’s all we had at the time we aired. To having over, we’ve released over a 150 different skews now, and 6 or 7 actual different bottle types.”
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The brand is worth $2.5 million today and has paid off for Rodriguez. He has invested in many businesses over the years and has even helped people with financial troubles. A-Rod once helped a legendary boxer who was struggling financially. The former Yankees star has always been motivated to succeed.
A-Rod had a particular reason behind his motivation as a businessman
Alex Rodriguez was motivated to succeed as a businessman because he was scared of ending up penniless like many others. Some athletes have struggled with handling their finances and spending after retiring. Rodriguez did not want to be part of the percentage of athletes that end up broke years after retiring.
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That was his motivation for being a successful businessman. What do you think of Chris Gronkowski’s journey after securing a Shark Tank investment from Alex Rodriguez? Please share your thoughts in the comments below.
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