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Saturday, 4/4/2026 | 17:22 GMT+7

NBA star's entrepreneurial journey: from deposits in 50 banks

As an immigrant, NBA star Giannis Antetokounmpo was haunted by financial insecurity. But now, at 31, he has become an investment mogul.

Giannis Antetokounmpo, known for his dominance on the basketball court, has transformed his early financial caution into a powerful investment empire. Once driven by the fear of losing his hard-earned money, the 31-year-old star now strategically invests across various sectors, building a substantial fortune. As of early 2026, Giannis's net worth stands at 70 million USD, accumulated from both his on-court earnings and diverse commercial ventures.

Early in his NBA career, Giannis was known for his extreme financial caution. Haunted by the risk of losing his newly acquired wealth, the young Greek star opened accounts at 50 different banks. He deposited 250,000 USD into each, the maximum amount insured by the US government. His goal was simple: if a bank failed, his money would remain safe.

Today, that survival instinct has evolved into one of the sharpest business minds in sports. The "Greek Freak" no longer keeps his money hidden away; he is actively investing it in sports, entertainment, healthcare, and consumer technology.

Giannis Antetokounmpo of the Milwaukee Bucks warms up before a game against the San Antonio Spurs at Fiserv Forum on 28/3. *Photo: Reuters*

Giannis joined the Milwaukee Bucks in 2013 as the 13th pick in the NBA Draft. His exceptional performance since then has earned him accolades and allowed him to build a significant financial empire. In 2025, Giannis signed a contract extension with the Bucks worth 175,369,698 USD, which included a no-trade clause typically granted only to highly influential players. Starting 1/10 this year, the 1994-born star will also be eligible to sign a 4-year extension with the club, valued at 270 million USD. He is currently one of the world's highest-paid athletes.

Beyond his playing salary, Giannis's off-court business ventures generate substantial income. Forbes estimates his off-court earnings at nearly 45 million USD.

A significant turning point occurred in 2024 with the establishment of BYL Ventures. Through this venture capital fund, Giannis transitioned from being solely a brand ambassador, like with his Nike shoe line, to a decision-maker. BYL has invested in pioneering startups such as Generation Lab, which focuses on longevity, and ScorePlay, an artificial intelligence-based media management platform. This solidifies his position as an investor anticipating key economic and biotechnology trends.

Giannis recognized early that sports represent a sustainable asset in the modern market. His ownership portfolio has expanded internationally. He holds a stake in the Milwaukee Brewers baseball team. In soccer, in addition to Nashville SC of Major League Soccer, he made a strategic move in 2026 by becoming a minority shareholder in Chelsea Women in England, anticipating the growing value of European women's football.

Giannis Antetokounmpo promotes products from IM8, a brand in which he is a direct investor. *Photo: IM8*

Recently, the Bucks' power forward made a move beyond sports by investing in IM8, a supplement brand founded by David Beckham in 11/2024. Giannis will be directly involved in developing the company's product formulas and strategy, a notable departure from typical brand ambassador roles. In less than a year, IM8 has achieved annual revenue of 100 million USD, indicating ideal market entry timing.

'I am very excited about this project,' the 10-time NBA All-Star shared. 'I am officially a partner of IM8 and a shareholder of Prenetics, a NASDAQ-listed company. I always believe that I don't just promote; I invest in what I believe in.'

Giannis Antetokounmpo's most impressive plays from the 2024-2025 season.

Notably, the Bucks' NBA champion opted to forgo cash payment for this partnership, choosing instead to receive 100% of his compensation in company stock.

Despite starting as a rookie with a modest average salary of 2,153,785 USD, Giannis's innate talent and relentless effort quickly led him to remarkable financial milestones. He transformed from a promising young player into one of the planet's most valuable athletes and now, a formidable investor with a substantial fortune.

By Hoang Thong

By VnExpress: https://vnexpress.net/ngoi-sao-nba-va-chuyen-khoi-nghiep-tu-tien-gui-o-50-ngan-hang-5058554.html
Tags: Giannis Antetokounmpo NBA

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