Business and Finance

Former NBA player Junior Bridgeman is worth $600 million

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Ulysses “Junior” Bridgeman, who recently retired from the business world, played for the NBA’s Milwaukee Bucks from 1975 to 1984. He later joined the Los Angeles Clippers before returning to the Bucks and retiring.

Bridgeman wasn’t a superstar, but he was an amazing sixth man. His post-NBA profession was a bit more visible. Today, he’s worth $600 million.

According to ESPN, his business acumen He grew for years But he began while he was still playing for the Bucks. The opportunity got here when team owner Jim Fitzgerald asked a couple of players in the event that they wanted to speculate in a cable television operation. Bridgeman invested $150,000, and about five years later, when Fitzgerald sold the corporate, Bridgeman received a check for $700,000. That was the beginning he needed.

Bridgeman then went into the restaurant business and acquired several Wendy’s franchises, which were successful. After the NBA, Bridgeman got involved with the NBPA (National Basketball Players Association) program, attempting to introduce young basketball players to financial education, since so many players face financial disaster resulting from poor money management.

Bridgeman has inspired many along with his business success. As CEO of Manna Inc., the holding company for his fast-food restaurant franchise empire, he is a long-time member BE 100According to Bridgeman, CEO of the Coca-Cola bottling company and co-owner of Coca-Cola Canada Bottling Limited, he was once awarded on the list of the very best paid athletes in 2016

Exiting the food industry, the businessman attempted to make a purchase order in 2018. He withdrew his offer in 2019; the magazine was sold to Authentic Brands Group for $110 million.

In 2020, Bridgeman’s company, Bridgeman Sports and Media, emerged because the winner of the bidding for Ebony Media’s assets, submitting a bid of $14 million.

He made sure that his children, Eden, Justin and Ryan, would have their wealth passed right down to the following generation. He announced that his daughter, Eden Bridgeman Sklenar, who was the chief marketing officer at Manna Inc., Now CEO and owner of parent company 1145 Holdings, LLC.

This was just one in every of Bridgeman’s steps to make sure financial stability and proceed its successful business operations.


This article was originally published on : www.blackenterprise.com

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