How Draymond Green’s net worth increased to $60 Million
Draymond Green
© Sam Sharpe - USA TODAY Sports
Before the high-profile podcast episodes, endorsements, and bagging a long-term contract with the Golden State Warriors, Draymond Green was a confused young man who initially didn't know how to manage his money. The three-time champion admitted that he had no idea what to do when he received his first paycheck worth $850,000.
Divide and conquer
Green first had no idea how to handle his money because he had never experienced receiving this many dollars during his collegiate years at Michigan State. On his first paycheck, Green knew he’d only be taking $400,000 home due to taxes, deductions, and expenses. The 22-year-old admitted that he initially thought he could handle his finances alone.
“My first year salary was $850k. Now, in the grand scheme of things that’s a lot of money. Like to make $850,000.00, you’re still in the top what? 1% of America? And so it’s a lot of money,” Green said.” My first year, I didn’t hire a financial advisor. I said I want to do this on my own. I want to learn how to pay bills. I want to learn how money works and if I screw it up, I screw it up. Because at the end of the day, I’m 22 years old. I can’t live the rest of my life off this $400k so I’ll take home anyway but I can teach myself about money.
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Ironically, Green didn’t end up handling his money by himself. Instead, the future Hall-of-Famer eventually hired financial advisors and a team who could guide him to attain his short and long-term goals. The young forward realized that investing in businesses, and getting advice from tech executives, and venture capitalists was the best way to save and grow his money.
Luckily for Green, he happened to be playing with teammates who also explored the exact ventures with their money. It also helped these entrepreneurs attend home games in Golden State and network with the players.
“I’m fortunate enough to play on a team where we are not only good in basketball, but there are also some smart guys,” Green says, as reported by Forbes.com. “It’s a good, fun competition, a friendly competition. And I think it’s great to keep pushing guys in the right direction. I think the most important decision I’ve made is to just surround myself with the team that I have,” Green added.
Draymond’s net worth
From receiving $850,000 on his first paycheck to now estimates putting his worth at $60 million, safe to say that the Golden State Warriors’ forward eventually made the right choices. Aside from his actual salary and investments, Green also has endorsements such as Converse, New Era, and Subway.
According to Sportskeeda, one of Green’s most significant investments is his partnership deal with Blink Fitness, which he partnered with to launch at least 20 gyms in his hometown Michigan.
So yes, Draymond is living the life right now because he gets to play the sport he loves most, podcast about it on the side, and also due to all the investments and financial advisors he trusted during the early years of his career.
