Dwyane Wade has multiple business ventures, and that’s why he has amassed a wealth of $170 million. From Wade Cellars to investment in sports franchises and even launching a digital platform Translatable, with daughter Zaya. The Heat legend knows the difficulty of creating an empire and shared the clip of the Pistons legend sharing such tips.
“This. @isiahthomas 🫡,” Dwyane Wade shared the response on his Instagram story. The Isiah Thomas interview clip was from four days ago when the 2x NBA Champion spoke with Forbes senior writer Jabari Young. Being the CEO of Isiah International, his advice was for players to tap into networking at an early age. “The access that you have now to intellect into CEOs while you’re playing. Every city that you go to, you should make it a point to reach out to the top two or three CEOs in that city.”
“Invite them to the game, have lunch with them, and see if they give you some advice. That’s what I did, you know, for years in the NBA. So when I got out of the NBA, I had an ‘advisor’ reward, so to speak. And while you’re playing, you know your ‘celebrity’ it gives you access.” Zeke mentioned how the NBA becomes a platform and the players should maximize it for their own benefit.
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As he did to build a $100 million portfolio, despite his retirement, that came in three decades ago. And as we know, not all players can have long careers. As per reports, the average NBA career spans approximately 4.8 years.
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Isiah Thomas continued, “You know your celebrity creates deal flow and you can use your celebrity for deal flow, so that means you get a chance to look at some of the best deals that come in.” He also mentioned that he “still helps a lot of young guys right now.” So, the Pistons legend is not stopping anytime soon to expand his business, similar to Dwyane Wade
Dwyane Wade wants to create generational wealth
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As mentioned earlier, the Miami Heat legend has investments tied with sports franchise. To be particular, he’s involved with four Utah-based teams, and one such acquisition has grown close to 2x. Dwyane Wade joined Utah Jazz, ownership in 2021 when the team’s valuation was $1.75 billion. As of April 2024, it’s $3.46 billion (per Boardroom). But the 3x NBA Champion doesn’t want to stop.
“I continue to put myself and my family in a position to make sure that, um, you know, the generational wealth that we talk about like I’m the first one.” On The OGs Show, Dwyane Wade joined Udonis Haslem and Mike Miller and explained about securing a future for his family. “We got a long process to go down… so I’m just going to continue to do my part as much as I can to put us in the best situations.”
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So Dwyane Wade might not have shared his business mantra today, but by sharing the Isiah Thomas clip, made sure that the next generation is listening. Despite having $70 million more in net worth than Zeke, the Heat legend appreciated the business lessons.
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