Dwyane Wade is one of those players who retired from the game but stayed active and he might be more occupied than before. He has businesses he never had before. Wade was recently in talks with the Miami Heat owners for a minority ownership stake, but the two sides were unable to reach a deal.  However, the 13x NBA All-star landed a deal as the Utah Jazz minority owner in 2021. He had no connection to the franchise during his playing career, but he leveraged his friendship with the team owner and businessman Ryan Smith to launch a new career as an executive in Utah.

Wade is not limited to the Jazz ownership and his other business ventures include Li-Ning, MISSION, Hisense, BallerTV, Stance, Budweiser, Mars Reel, Wade Cellars, 800° Woodfired Kitchen and D. Wade Burgers. Besides, at $175M, the 3x NBA champion is showing no signs of slowing down in terms of net worth. He looks for business opportunities that can be profitable for him. Since retirement Wade has learned more about the business side of the game as well – hence, his minority share in the Jazz.

Dwyane Wade reveals his business strategy of approaching big businesses

During a conversation on Shannon Sharpe’s podcast Club Shay Shay, the host raised an interesting question about the parallels between basketball and business. He asked Dwyane Wade if people in business are willing to provide the same level of guidance as in basketball, where players share information to help each other improve. In response, the Miami Heat legend drew a parallel, stating that in the NBA, once other players recognized his talent and dedication, they started taking him seriously. Similarly, in business, he emphasized that once people realize your commitment and seriousness, they are more willing to offer support and guidance.

Wade said, “In the NBA once they realized I was a player, they started to take me seriously. Business is the same thing, once they realize you’re serious about this – because people that have way more money than you and me, they don’t have a lot of time. You get a meeting with somebody, you get fifteen to thirty minutes, you don’t get three hours’ time.”

He added, “I try to walk in with seriousness with the knowledge, information and the questions, and questions, and questions because I know I don’t know everything.”

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Wade highlighted the value of time and stressed the importance of making the most of brief meetings, coming prepared with knowledge, informed questions and a humble understanding that there is always more to learn. Shannon agreed, affirming that time is money, and Wade acknowledged that he approaches business with seriousness, seeking knowledge and insights from those with expertise, understanding that he still has much to learn.

Wade has other aspirations to diversify his business portfolio

Despite his focus on his business interests, basketball remained Dwyane Wade’s major priority. He found a way to stay involved in the NBA by purchasing a modest stake in the Utah Jazz. As the team went through a rebuilding phase, its worth skyrocketed. The team’s worth has soared by $500 million in just two years, reaching a stunning $2.25 billion in 2023.

The 2021 Hall of Famer is reportedly interested in investing in the Chicago Sky, his local WNBA franchise. According to the Chicago Sun-Times, Wade visited the Chicago Sky’s practice facility, where he spoke with Sky primary owner Michael Alter and VP of basketball operations Ann Crosby.

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D Wade is a businessman now, but he remains a baller by heart. What do you think of Wade’s approach to businesses? Let us know in the comments!