Professional Athletes Achieving Financial Success off the Field and After Retirement
Professional athletes can find it difficult to continue making an income after retirement, but there are quite a few who have managed to make a smooth transition, earning even more than they did as an athlete. Here are just a few athletes who have achieved financial success after their playing days…
Charles Barkley is an 11-time all-star in his 16-year career as a professional basketball player. After retiring, Barkley turned to broadcasting and commentating. He also became a well-known spokesman for various companies including T-Mobile, McDonalds, and Weight Watchers. As a very outspoken individual, he’s popular for stating his opinion, leading to several books he wrote including “Who’s Afraid of a Large Black Man” and “I May be Wrong, But I Doubt It.” Since retiring in 2000, Barkley’s net worth is $40 million.
As a two-time heavyweight champion and a Gold medalist in the 1968 Olympics, George Foreman became more successful after retiring in 1977. Foreman returned to boxing at 45 in 1994 to only retire three years later in 1997. Since retiring he has become a spokesman and entrepreneur for a grill named after himself, a commentator for professional boxing for HBO, and a spokesman for several other products. His net worth is $300 million.
After retiring in 1979, Roger Staubach continued on with a real estate business and various investments of commercial office buildings where AT&T and K-Mart rented. He also invested in high rise apartments and continues to be a sports commentator. His net worth is $600 million.
Arnold Palmer, who passed away in 2016, helped design more than 200 golf courses across the United States and one in China. He hosted the Arnold Palmer International Golf Tournament each year in Orlando, Florida. He only earned a total of $2 million during his professional career, but was successful after retirement. Palmer had a net worth of $700 million
During his legendary basketball career, Michael Jordan earned six NBA championships and became the most valuable player five times. After retiring in 2003, he became a billionaire through corporate endorsements like Nike, Coca-Cola, McDonalds, and Gatorade: he earns approximately $40 million a year from endorsements alone. His Air Jordans earn 58 percent of all basketball shoes sold for Nike, Jordan, who owns 90 percent of the NBA’s Charlotte Hornets, has a net worth of $1.1 billion.